Oppenheimer & Co. Inc. Boosts Stake in Verint Systems Inc. (VRNT)

Oppenheimer & Co. Inc. boosted its position in Verint Systems Inc. (NASDAQ:VRNT) by 2.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,010 shares of the technology company’s stock after buying an additional 1,408 shares during the period. Oppenheimer & Co. Inc.’s holdings in Verint Systems were worth $2,429,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of VRNT. Solaris Asset Management LLC increased its position in shares of Verint Systems by 6.2% in the first quarter. Solaris Asset Management LLC now owns 4,300 shares of the technology company’s stock worth $187,000 after buying an additional 250 shares during the period. Global Endowment Management LP increased its position in shares of Verint Systems by 6.3% in the first quarter. Global Endowment Management LP now owns 9,440 shares of the technology company’s stock worth $409,000 after buying an additional 560 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in shares of Verint Systems by 27.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,669 shares of the technology company’s stock worth $116,000 after buying an additional 576 shares during the period. First Mercantile Trust Co. increased its position in shares of Verint Systems by 8.7% in the first quarter. First Mercantile Trust Co. now owns 8,790 shares of the technology company’s stock worth $381,000 after buying an additional 700 shares during the period. Finally, Bank of Montreal Can increased its position in shares of Verint Systems by 43.1% in the first quarter. Bank of Montreal Can now owns 3,080 shares of the technology company’s stock worth $134,000 after buying an additional 927 shares during the period. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Institutional Ownership by Quarter for Verint Systems (NASDAQ:VRNT)

Verint Systems Inc. (NASDAQ VRNT) traded down 1.46% on Friday, hitting $40.50. 844,804 shares of the company were exchanged. The company’s market capitalization is $2.54 billion. Verint Systems Inc. has a 52 week low of $31.52 and a 52 week high of $44.70. The stock has a 50 day moving average of $40.66 and a 200 day moving average of $38.75.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Wednesday, June 7th. The technology company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.11. The business had revenue of $265.70 million for the quarter, compared to analysts’ expectations of $259.97 million. Verint Systems had a negative net margin of 2.94% and a positive return on equity of 9.76%. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 earnings per share. Analysts predict that Verint Systems Inc. will post $2.71 EPS for the current fiscal year.

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A number of brokerages have recently issued reports on VRNT. Royal Bank of Canada boosted their price target on shares of Verint Systems from $37.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 29th. Zacks Investment Research upgraded shares of Verint Systems from a “hold” rating to a “strong-buy” rating and set a $48.00 price target on the stock in a research report on Wednesday. Imperial Capital restated an “in-line” rating and issued a $47.00 price target (up previously from $45.00) on shares of Verint Systems in a research report on Friday, June 9th. Deutsche Bank AG boosted their price target on shares of Verint Systems from $34.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday, March 29th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $49.00 price target on shares of Verint Systems in a research report on Thursday, March 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $44.38.

In related news, CEO Dan Bodner sold 137,773 shares of Verint Systems stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $42.74, for a total value of $5,888,418.02. Following the sale, the chief executive officer now owns 528,226 shares in the company, valued at $22,576,379.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Victor Demarines sold 2,800 shares of Verint Systems stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of $42.57, for a total transaction of $119,196.00. Following the completion of the sale, the director now owns 33,826 shares in the company, valued at approximately $1,439,972.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 226,248 shares of company stock worth $9,480,071. 1.30% of the stock is currently owned by company insiders.

Verint Systems Company Profile

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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