BBT Capital Management LLC bought a new position in Verint Systems Inc. (NASDAQ:VRNT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,967 shares of the technology company’s stock, valued at approximately $337,000.
Several other hedge funds also recently bought and sold shares of VRNT. Enlightenment Research LLC bought a new position in shares of Verint Systems in the fourth quarter worth about $25,000. Quantamental Technologies LLC bought a new position in Verint Systems in the 4th quarter valued at approximately $28,000. First Hawaiian Bank raised its holdings in Verint Systems by 56.6% in the 4th quarter. First Hawaiian Bank now owns 1,146 shares of the technology company’s stock valued at $48,000 after buying an additional 414 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Verint Systems by 162.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,235 shares of the technology company’s stock valued at $109,000 after buying an additional 1,385 shares during the last quarter. Finally, First Quadrant L P CA bought a new position in Verint Systems in the 4th quarter valued at approximately $138,000. 96.72% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently issued reports on VRNT. BidaskClub upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Saturday, February 9th. Zacks Investment Research upgraded shares of Verint Systems from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective for the company in a report on Wednesday, December 12th. Wedbush reiterated a “buy” rating and issued a $58.00 price objective on shares of Verint Systems in a report on Thursday, December 6th. TheStreet lowered shares of Verint Systems from a “b-” rating to a “c+” rating in a report on Thursday, January 3rd. Finally, Imperial Capital reiterated an “outperform” rating and issued a $58.00 price objective (up previously from $49.50) on shares of Verint Systems in a report on Tuesday, December 11th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $56.00.
Verint Systems (NASDAQ:VRNT) last released its earnings results on Thursday, December 6th. The technology company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.14. The business had revenue of $307.99 million during the quarter, compared to the consensus estimate of $305.38 million. Verint Systems had a net margin of 4.58% and a return on equity of 12.47%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 EPS. Analysts forecast that Verint Systems Inc. will post 2.26 earnings per share for the current fiscal year.
In other Verint Systems news, Director Richard N. Nottenburg sold 5,675 shares of the stock in a transaction that occurred on Wednesday, December 19th. The shares were sold at an average price of $46.13, for a total transaction of $261,787.75. Following the completion of the sale, the director now owns 9,849 shares of the company’s stock, valued at approximately $454,334.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Douglas Robinson sold 1,432 shares of the stock in a transaction that occurred on Tuesday, January 15th. The shares were sold at an average price of $44.82, for a total transaction of $64,182.24. Following the sale, the chief financial officer now directly owns 174,635 shares of the company’s stock, valued at approximately $7,827,140.70. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.
About Verint Systems
Verint Systems Inc provides actionable intelligence solutions and value-added services worldwide. Its Customer Engagement Solutions segment provides automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, digital feedback, email engagement, employee desktop, enterprise feedback, financial compliance, full-time recording, gamification, identity analytics, internal communities, knowledge management, mobile workforce, performance management, robotic process automation, social analytics, speech and text analytics, virtual assistant, voice self-service, voice self-service fraud detection, Web/mobile self-service, work manager, and workforce management solutions.
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