Seven Eight Capital LP Acquires New Stake in Verint Systems Inc. (NASDAQ:VRNT)

Seven Eight Capital LP acquired a new stake in Verint Systems Inc. (NASDAQ:VRNT) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 9,329 shares of the technology company’s stock, valued at approximately $300,000.

A number of other large investors also recently bought and sold shares of VRNT. Stanley Laman Group Ltd. increased its stake in shares of Verint Systems by 0.4% during the second quarter. Stanley Laman Group Ltd. now owns 124,470 shares of the technology company’s stock worth $4,008,000 after acquiring an additional 478 shares during the period. Verdence Capital Advisors LLC increased its position in Verint Systems by 4.4% during the 1st quarter. Verdence Capital Advisors LLC now owns 13,938 shares of the technology company’s stock worth $462,000 after purchasing an additional 584 shares during the period. FinTrust Capital Advisors LLC increased its position in Verint Systems by 173.7% during the 1st quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company’s stock worth $39,000 after purchasing an additional 754 shares during the period. Fidelis Capital Partners LLC purchased a new position in shares of Verint Systems during the 1st quarter worth approximately $30,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Verint Systems by 764.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock valued at $28,000 after buying an additional 917 shares in the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Verint Systems Stock Down 3.9 %

VRNT stock opened at $25.09 on Monday. The company’s 50 day simple moving average is $31.33 and its 200-day simple moving average is $31.59. The firm has a market capitalization of $1.55 billion, a PE ratio of 52.27, a P/E/G ratio of 1.12 and a beta of 1.24. Verint Systems Inc. has a 12 month low of $18.41 and a 12 month high of $38.17. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.41 and a quick ratio of 1.36.

Verint Systems (NASDAQ:VRNT) last posted its earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Verint Systems had a net margin of 6.78% and a return on equity of 16.17%. The company had revenue of $210.17 million during the quarter, compared to analysts’ expectations of $212.81 million. During the same period in the previous year, the company posted $0.22 EPS. Verint Systems’s quarterly revenue was up .0% compared to the same quarter last year. Equities analysts expect that Verint Systems Inc. will post 1.97 earnings per share for the current fiscal year.

Insider Activity at Verint Systems

In other Verint Systems news, CEO Dan Bodner sold 16,932 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $437,692.20. Following the transaction, the chief executive officer now directly owns 592,832 shares in the company, valued at approximately $15,324,707.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Verint Systems news, insider Peter Fante sold 6,330 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $163,630.50. Following the transaction, the insider now owns 91,334 shares of the company’s stock, valued at approximately $2,360,983.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dan Bodner sold 16,932 shares of Verint Systems stock in a transaction on Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $437,692.20. Following the completion of the sale, the chief executive officer now directly owns 592,832 shares of the company’s stock, valued at approximately $15,324,707.20. The disclosure for this sale can be found here. Insiders have sold a total of 33,811 shares of company stock valued at $874,014 over the last quarter. Insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VRNT. Jefferies Financial Group cut their price objective on Verint Systems from $32.00 to $28.00 and set a “hold” rating for the company in a research report on Thursday, September 5th. StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. TD Cowen lowered their target price on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a research report on Thursday, September 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a research note on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

About Verint Systems

Verint Systems Inc provides customer engagement solutions worldwide. It offers forecasting and scheduling, channels and routing, knowledge management, fraud and security solutions, quality and compliance, analytics and insights, real-time assistance, self-services, financial compliance, and voice pf the consumer solutions.