MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income grew its holdings in Verint Systems Inc. (NASDAQ:VRNT – Get Rating) by 11.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 255,335 shares of the technology company’s stock after purchasing an additional 26,405 shares during the quarter. Verint Systems makes up 1.5% of MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income’s portfolio, making the stock its 14th biggest position. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income owned 0.39% of Verint Systems worth $13,201,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Strs Ohio purchased a new stake in Verint Systems during the 4th quarter worth approximately $78,000. Janney Montgomery Scott LLC boosted its holdings in shares of Verint Systems by 130.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 20,098 shares of the technology company’s stock valued at $1,055,000 after acquiring an additional 11,390 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Verint Systems in the 4th quarter valued at $4,274,000. Qube Research & Technologies Ltd purchased a new stake in shares of Verint Systems in the 4th quarter valued at $1,610,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Verint Systems by 19.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,682 shares of the technology company’s stock valued at $403,000 after acquiring an additional 1,244 shares during the last quarter.
Verint Systems Trading Up 0.8 %
Shares of Verint Systems stock traded up $0.38 during trading hours on Friday, reaching $46.58. 162,880 shares of the company’s stock were exchanged, compared to its average volume of 310,150. Verint Systems Inc. has a 1 year low of $39.83 and a 1 year high of $56.39. The business has a fifty day moving average of $44.89 and a two-hundred day moving average of $49.24. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.22 and a quick ratio of 1.20.
Wall Street Analyst Weigh In
Several analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $61.00 price objective on shares of Verint Systems in a report on Wednesday, June 8th. Evercore ISI decreased their target price on shares of Verint Systems to $65.00 in a research note on Thursday, June 9th. StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, July 6th. TheStreet cut shares of Verint Systems from a “b-” rating to a “c” rating in a research note on Tuesday, April 12th. Finally, The Goldman Sachs Group cut shares of Verint Systems from a “buy” rating to a “neutral” rating and set a $57.00 target price for the company. in a research note on Tuesday, April 12th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Verint Systems has a consensus rating of “Moderate Buy” and an average price target of $63.80.
Insider Transactions at Verint Systems
In related news, insider Peter Fante sold 6,289 shares of the company’s stock in a transaction dated Thursday, July 7th. The shares were sold at an average price of $43.38, for a total value of $272,816.82. Following the completion of the sale, the insider now owns 46,417 shares of the company’s stock, valued at $2,013,569.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Verint Systems news, Director John R. Egan sold 10,000 shares of the stock in a transaction dated Friday, June 17th. The shares were sold at an average price of $41.51, for a total transaction of $415,100.00. Following the completion of the transaction, the director now owns 36,407 shares of the company’s stock, valued at $1,511,254.57. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Peter Fante sold 6,289 shares of the stock in a transaction dated Thursday, July 7th. The stock was sold at an average price of $43.38, for a total transaction of $272,816.82. Following the transaction, the insider now directly owns 46,417 shares of the company’s stock, valued at approximately $2,013,569.46. The disclosure for this sale can be found here. Insiders sold 27,701 shares of company stock valued at $1,198,489 over the last 90 days. 2.40% of the stock is currently owned by corporate insiders.
Verint Systems Company 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; Engagement Orchestration, an application that improves employee efficiency, time to resolution, compliance, and customer satisfaction with workflows; Knowledge Management, which help agents to deliver stellar service with tools.
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