Swiss National Bank Sells 15,500 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Swiss National Bank lowered its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 9.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,700 shares of the technology company’s stock after selling 15,500 shares during the quarter. Swiss National Bank owned about 0.22% of Verint Systems worth $5,240,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. GSA Capital Partners LLP increased its position in Verint Systems by 111.0% during the fourth quarter. GSA Capital Partners LLP now owns 17,896 shares of the technology company’s stock worth $649,000 after acquiring an additional 9,415 shares during the period. Arizona State Retirement System increased its holdings in Verint Systems by 3.8% in the 4th quarter. Arizona State Retirement System now owns 18,250 shares of the technology company’s stock valued at $662,000 after buying an additional 674 shares during the period. Signet Financial Management LLC increased its holdings in Verint Systems by 1.7% in the 1st quarter. Signet Financial Management LLC now owns 39,188 shares of the technology company’s stock valued at $1,459,000 after buying an additional 639 shares during the period. Barclays PLC increased its holdings in Verint Systems by 12.3% in the 1st quarter. Barclays PLC now owns 381,842 shares of the technology company’s stock valued at $14,220,000 after buying an additional 41,765 shares during the period. Finally, Jump Financial LLC bought a new stake in Verint Systems in the 1st quarter valued at $600,000.

Verint Systems Stock Down 0.2 %

VRNT opened at $32.71 on Thursday. The firm’s 50-day simple moving average is $35.44 and its 200-day simple moving average is $36.17. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.23 and a current ratio of 1.26. Verint Systems Inc. has a twelve month low of $31.63 and a twelve month high of $50.00. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of -654.07, a PEG ratio of 1.84 and a beta of 0.98.

Verint Systems (NASDAQ:VRNT) last posted its earnings results on Wednesday, June 7th. The technology company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.06. Verint Systems had a net margin of 1.99% and a return on equity of 15.68%. The business had revenue of $216.60 million for the quarter, compared to analyst estimates of $216.15 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. Equities research analysts anticipate that Verint Systems Inc. will post 1.78 EPS for the current fiscal year.

Insider Buying and Selling

In related news, President Elan Moriah sold 35,079 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $37.04, for a total transaction of $1,299,326.16. Following the transaction, the president now owns 105,064 shares in the company, valued at approximately $3,891,570.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, President Elan Moriah sold 35,079 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $37.04, for a total transaction of $1,299,326.16. Following the transaction, the president now owns 105,064 shares in the company, valued at approximately $3,891,570.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Peter Fante sold 1,598 shares of the company’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $37.03, for a total transaction of $59,173.94. Following the transaction, the insider now owns 56,008 shares in the company, valued at approximately $2,073,976.24. The disclosure for this sale can be found here. Insiders have sold a total of 149,135 shares of company stock worth $5,397,326 in the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Verint Systems in a report on Thursday, August 17th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.63.

Verint Systems Profile

Verint Systems Inc provides customer engagement solutions worldwide. It offers various applications for use in Forecasting and Scheduling, which understands the work needed to meet and exceed customer expectations; Quality and Compliance that uses automation and analytics for customer interactions for attended and self-service channels; Interaction Insights, which extracts insights from structured and unstructured customer interactions and activities; Real-Time Work that supports in-the-moment workforce activities; Engagement Channels, an application for messaging, social, chat, email, and interactive voice response; Conversational AI, an intelligent virtual assistant application to enable human-like conversations across every channel; Knowledge Management, which enables humans and bots to deliver service with tools.