RGM Capital LLC Lowers Stake in Verint Systems Inc. (NASDAQ:VRNT)

RGM Capital LLC reduced its stake in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 1.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,132,336 shares of the technology company's stock after selling 35,000 shares during the quarter. Verint Systems makes up 4.0% of RGM Capital LLC's investment portfolio, making the stock its 12th largest holding. RGM Capital LLC owned 5.08% of Verint Systems worth $100,861,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of VRNT. Wellington Management Group LLP bought a new stake in shares of Verint Systems in the 4th quarter worth $34,172,000. Norges Bank bought a new stake in Verint Systems in the 4th quarter worth about $18,601,000. Mesirow Institutional Investment Management Inc. purchased a new stake in Verint Systems in the 1st quarter valued at about $14,675,000. Victory Capital Management Inc. lifted its position in shares of Verint Systems by 5.9% during the 2nd quarter. Victory Capital Management Inc. now owns 4,143,227 shares of the technology company's stock worth $133,412,000 after buying an additional 232,499 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Verint Systems by 35.1% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 814,959 shares of the technology company's stock worth $26,242,000 after buying an additional 211,570 shares during the last quarter. 94.95% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Grant A. Highlander sold 3,389 shares of the company's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $87,605.65. Following the sale, the chief financial officer now directly owns 131,267 shares in the company, valued at $3,393,251.95. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Peter Fante sold 6,330 shares of Verint Systems 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 completion of the sale, the insider now owns 91,334 shares of the company's stock, valued at $2,360,983.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Grant A. Highlander sold 3,389 shares of the business's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $87,605.65. Following the transaction, the chief financial officer now owns 131,267 shares of the company's stock, valued at $3,393,251.95. The disclosure for this sale can be found here. Insiders sold a total of 33,811 shares of company stock worth $874,014 in the last quarter. 1.70% of the stock is owned by company insiders.

Verint Systems Stock Performance

NASDAQ:VRNT traded down $1.01 on Friday, reaching $25.09. 1,460,707 shares of the company's stock were exchanged, compared to its average volume of 661,013. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 52.27, a P/E/G ratio of 1.12 and a beta of 1.24. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.41 and a quick ratio of 1.36. The stock has a fifty day simple moving average of $31.33 and a 200-day simple moving average of $31.59. Verint Systems Inc. has a 52 week low of $18.41 and a 52 week high of $38.17.

Verint Systems (NASDAQ:VRNT - Get Free Report) last issued 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 business had revenue of $210.17 million for the quarter, compared to the consensus estimate of $212.81 million. During the same period in the previous year, the firm earned $0.22 EPS. The company's revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts predict that Verint Systems Inc. will post 1.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

VRNT has been the topic of a number of recent analyst reports. StockNews.com upgraded Verint Systems from a "hold" rating to a "buy" rating in a report on Thursday, September 5th. Evercore ISI lowered their target price on Verint Systems from $34.00 to $30.00 and set an "in-line" rating on the stock in a research note on Thursday, September 5th. Jefferies Financial Group reduced their price target on shares of Verint Systems from $32.00 to $28.00 and set a "hold" rating for the company in a research report on Thursday, September 5th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $36.00 price objective on shares of Verint Systems in a research report on Thursday, September 5th. Finally, TD Cowen reduced their target price on shares of Verint Systems from $40.00 to $36.00 and set a "buy" rating for the company in a research report on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $34.00.

Verint Systems Company Profile

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.