Verint Systems Inc. (VRNT) Shares Sold by Riverbridge Partners LLC
Riverbridge Partners LLC trimmed its stake in Verint Systems Inc. (NASDAQ:VRNT) by 5.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,495,351 shares of the technology company’s stock after selling 90,727 shares during the period. Verint Systems comprises about 1.2% of Riverbridge Partners LLC’s investment portfolio, making the stock its 28th biggest position. Riverbridge Partners LLC owned about 2.35% of Verint Systems worth $62,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently bought and sold shares of VRNT. Teachers Advisors LLC grew its position in Verint Systems by 2.5% in the 1st quarter. Teachers Advisors LLC now owns 482,680 shares of the technology company’s stock worth $20,936,000 after purchasing an additional 11,931 shares during the last quarter. California Public Employees Retirement System grew its position in Verint Systems by 1.3% in the 1st quarter. California Public Employees Retirement System now owns 113,800 shares of the technology company’s stock worth $4,936,000 after purchasing an additional 1,500 shares during the last quarter. Vanguard Group Inc. grew its position in Verint Systems by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 5,110,172 shares of the technology company’s stock worth $221,654,000 after purchasing an additional 250,730 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Verint Systems by 8.0% during the 1st quarter. Geode Capital Management LLC now owns 521,780 shares of the technology company’s stock valued at $22,631,000 after acquiring an additional 38,667 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Verint Systems by 23.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,274,392 shares of the technology company’s stock valued at $55,278,000 after acquiring an additional 238,346 shares in the last quarter. Institutional investors own 93.37% of the company’s stock.
Shares of Verint Systems Inc. (VRNT) remained flat at $$42.15 during mid-day trading on Monday. 59,646 shares of the stock were exchanged, compared to its average volume of 289,675. The stock has a market capitalization of $2,686.42, a P/E ratio of 26.18, a P/E/G ratio of 2.33 and a beta of 1.25. Verint Systems Inc. has a 1 year low of $33.40 and a 1 year high of $44.70. The company has a current ratio of 1.63, a quick ratio of 1.59 and a debt-to-equity ratio of 0.72.
Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Wednesday, September 6th. The technology company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.14. The firm had revenue of $278.20 million for the quarter, compared to analyst estimates of $270.14 million. Verint Systems had a negative net margin of 2.42% and a positive return on equity of 9.90%. Verint Systems’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.57 earnings per share. equities research analysts expect that Verint Systems Inc. will post 1.81 EPS for the current year.
Several analysts have recently weighed in on VRNT shares. Zacks Investment Research lowered shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Royal Bank Of Canada reiterated a “buy” rating and set a $48.00 target price on shares of Verint Systems in a research report on Tuesday, August 15th. Deutsche Bank AG lifted their target price on shares of Verint Systems from $42.00 to $44.00 and gave the company a “hold” rating in a research report on Thursday, September 7th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $49.00 target price on shares of Verint Systems in a research report on Thursday, September 7th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Verint Systems has a consensus rating of “Buy” and a consensus price target of $46.43.
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About Verint Systems
Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.
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