Polaris Capital Management LLC grew its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 3.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 470,496 shares of the technology company’s stock after acquiring an additional 15,700 shares during the quarter. Polaris Capital Management LLC owned about 0.75% of Verint Systems worth $21,012,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Comerica Bank bought a new position in shares of Verint Systems in the 1st quarter worth approximately $452,000. Parametric Portfolio Associates LLC lifted its stake in shares of Verint Systems by 40.4% in the 1st quarter. Parametric Portfolio Associates LLC now owns 75,767 shares of the technology company’s stock worth $3,286,000 after purchasing an additional 21,802 shares during the period. Ameritas Investment Partners Inc. bought a new position in shares of Verint Systems in the 1st quarter worth approximately $233,000. SG Americas Securities LLC bought a new position in shares of Verint Systems in the 1st quarter worth approximately $354,000. Finally, American International Group Inc. lifted its stake in shares of Verint Systems by 5.4% in the 1st quarter. American International Group Inc. now owns 37,659 shares of the technology company’s stock worth $1,633,000 after purchasing an additional 1,936 shares during the period. 93.08% of the stock is currently owned by hedge funds and other institutional investors.
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Verint Systems Inc. (VRNT) traded up 0.18% during midday trading on Thursday, reaching $42.70. 64,294 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $40.79 and its 200 day moving average is $40.32. The firm’s market capitalization is $2.72 billion. Verint Systems Inc. has a 52 week low of $33.40 and a 52 week high of $44.70.
Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, September 6th. The technology company reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.14. The business had revenue of $278.20 million during the quarter, compared to the consensus estimate of $270.14 million. Verint Systems had a positive return on equity of 9.90% and a negative net margin of 2.42%. The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 EPS. On average, equities analysts anticipate that Verint Systems Inc. will post $2.76 earnings per share for the current year.
Several equities analysts have recently weighed in on VRNT shares. Deutsche Bank AG increased their price objective on shares of Verint Systems from $42.00 to $44.00 and gave the stock a “hold” rating in a research note on Thursday, September 7th. Royal Bank Of Canada reiterated a “buy” rating and issued a $48.00 price objective on shares of Verint Systems in a research note on Tuesday, August 15th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $49.00 price objective on shares of Verint Systems in a research note on Thursday, September 7th. Finally, Zacks Investment Research upgraded shares of Verint Systems from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Wednesday, September 13th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $46.43.
Verint Systems Profile
Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.
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