Phocas Financial Corp. Has $8.01 Million Holdings in Verint Systems Inc. (VRNT)
Phocas Financial Corp. boosted its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 4.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 196,898 shares of the technology company’s stock after buying an additional 8,782 shares during the period. Phocas Financial Corp. owned 0.31% of Verint Systems worth $8,014,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of VRNT. Comerica Bank purchased a new stake in Verint Systems during the first quarter worth $452,000. Parametric Portfolio Associates LLC lifted its holdings in Verint Systems by 40.4% during the first quarter. Parametric Portfolio Associates LLC now owns 75,767 shares of the technology company’s stock worth $3,286,000 after buying an additional 21,802 shares during the period. SG Americas Securities LLC purchased a new stake in Verint Systems during the first quarter worth $354,000. American International Group Inc. lifted its holdings in Verint Systems by 5.4% during the first quarter. American International Group Inc. now owns 37,659 shares of the technology company’s stock worth $1,633,000 after buying an additional 1,936 shares during the period. Finally, OppenheimerFunds Inc. lifted its holdings in Verint Systems by 0.9% during the first quarter. OppenheimerFunds Inc. now owns 295,748 shares of the technology company’s stock worth $12,828,000 after buying an additional 2,701 shares during the period. Institutional investors own 93.08% of the company’s stock.
Shares of Verint Systems Inc. (VRNT) traded down 1.1664% during mid-day trading on Monday, hitting $42.3502. The stock had a trading volume of 33,138 shares. Verint Systems Inc. has a 12 month low of $33.40 and a 12 month high of $44.70. The firm’s market cap is $2.70 billion. The stock’s 50-day moving average is $41.13 and its 200 day moving average is $40.34.
Verint Systems (NASDAQ:VRNT) last issued its earnings results on Wednesday, September 6th. The technology company reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.14. Verint Systems had a negative net margin of 2.42% and a positive return on equity of 9.90%. The business had revenue of $278.20 million for the quarter, compared to the consensus estimate of $270.14 million. During the same quarter last year, the firm posted $0.57 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities research analysts predict that Verint Systems Inc. will post $2.76 earnings per share for the current fiscal year.
A number of analysts have weighed in on the company. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $49.00 target price on shares of Verint Systems in a report on Thursday, September 7th. Royal Bank Of Canada restated a “buy” rating and set a $48.00 target price on shares of Verint Systems in a report on Tuesday, August 15th. Deutsche Bank AG upped their target price on Verint Systems from $42.00 to $44.00 and gave the stock a “hold” rating in a report on Thursday, September 7th. Finally, Zacks Investment Research upgraded Verint Systems from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Wednesday, September 13th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $46.43.
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About Verint Systems
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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