Neo Ivy Capital Management Invests $1.44 Million in Verint Systems Inc. (NASDAQ:VRNT)

Neo Ivy Capital Management purchased a new stake in Verint Systems Inc. (NASDAQ:VRNT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 26,725 shares of the technology company’s stock, valued at approximately $1,437,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of VRNT. Geode Capital Management LLC raised its holdings in Verint Systems by 9.5% in the fourth quarter. Geode Capital Management LLC now owns 751,930 shares of the technology company’s stock valued at $31,814,000 after buying an additional 65,344 shares during the period. Rhumbline Advisers raised its holdings in Verint Systems by 0.4% in the first quarter. Rhumbline Advisers now owns 96,124 shares of the technology company’s stock valued at $5,754,000 after buying an additional 342 shares during the period. California Public Employees Retirement System raised its holdings in Verint Systems by 0.4% in the first quarter. California Public Employees Retirement System now owns 100,843 shares of the technology company’s stock valued at $6,036,000 after buying an additional 413 shares during the period. Martingale Asset Management L P raised its holdings in Verint Systems by 10.2% in the first quarter. Martingale Asset Management L P now owns 225,481 shares of the technology company’s stock valued at $13,498,000 after buying an additional 20,800 shares during the period. Finally, Shell Asset Management Co. purchased a new position in Verint Systems in the first quarter valued at approximately $704,000. Hedge funds and other institutional investors own 97.37% of the company’s stock.

NASDAQ:VRNT traded down $0.76 during trading hours on Friday, hitting $45.08. The stock had a trading volume of 479,742 shares, compared to its average volume of 824,950. The company has a current ratio of 1.50, a quick ratio of 1.46 and a debt-to-equity ratio of 0.68. Verint Systems Inc. has a 1-year low of $39.96 and a 1-year high of $63.94. The business has a 50 day simple moving average of $51.63 and a two-hundred day simple moving average of $55.81. The company has a market cap of $3.06 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 1.46 and a beta of 1.04.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.02. Verint Systems had a net margin of 4.58% and a return on equity of 13.44%. The company had revenue of $331.00 million during the quarter, compared to the consensus estimate of $334.56 million. During the same quarter last year, the company earned $0.76 earnings per share. Verint Systems’s revenue for the quarter was up 7.3% on a year-over-year basis. Research analysts expect that Verint Systems Inc. will post 2.62 EPS for the current fiscal year.

In other Verint Systems news, CFO Douglas Robinson sold 3,096 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $55.19, for a total value of $170,868.24. Following the completion of the sale, the chief financial officer now owns 179,769 shares of the company’s stock, valued at $9,921,451.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is owned by company insiders.

Several research analysts recently commented on VRNT shares. TheStreet lowered shares of Verint Systems from a “b-” rating to a “c+” rating in a report on Thursday. BidaskClub lowered shares of Verint Systems from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. ValuEngine lowered shares of Verint Systems from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Imperial Capital raised their price target on shares of Verint Systems from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Finally, Jefferies Financial Group cut their price target on shares of Verint Systems from $72.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $67.67.

Verint Systems Profile

Verint Systems Inc provides actionable intelligence solutions worldwide. The company's Customer Engagement Solutions segment offers automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, and digital feedback solutions.

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

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