Verint Systems Inc. (NASDAQ:VRNT) is Mesirow Institutional Investment Management Inc.’s 7th Largest Position

Mesirow Institutional Investment Management Inc. raised its position in Verint Systems Inc. (NASDAQ:VRNT) by 20.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 534,447 shares of the technology company’s stock after purchasing an additional 91,762 shares during the period. Verint Systems comprises approximately 1.5% of Mesirow Institutional Investment Management Inc.’s holdings, making the stock its 7th largest position. Mesirow Institutional Investment Management Inc.’s holdings in Verint Systems were worth $17,209,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Stanley Laman Group Ltd. raised its position in Verint Systems by 0.4% in the 2nd quarter. Stanley Laman Group Ltd. now owns 124,470 shares of the technology company’s stock valued at $4,008,000 after purchasing an additional 478 shares during the last quarter. Verdence Capital Advisors LLC lifted its position in Verint Systems by 4.4% during the 1st quarter. Verdence Capital Advisors LLC now owns 13,938 shares of the technology company’s stock worth $462,000 after acquiring an additional 584 shares during the period. FinTrust Capital Advisors LLC grew its stake in shares of Verint Systems by 173.7% in the 1st quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company’s stock valued at $39,000 after purchasing an additional 754 shares during the last quarter. CWM LLC increased its holdings in shares of Verint Systems by 61.2% in the fourth quarter. CWM LLC now owns 2,110 shares of the technology company’s stock valued at $57,000 after purchasing an additional 801 shares during the period. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of Verint Systems during the first quarter worth approximately $30,000. 94.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on VRNT. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a research report on Wednesday, June 5th. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a report on Tuesday, August 27th. Finally, Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of Verint Systems in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Verint Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.20.

Insider Buying and Selling

In other Verint Systems news, CEO Dan Bodner sold 375,000 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $33.76, for a total transaction of $12,660,000.00. Following the sale, the chief executive officer now directly owns 609,764 shares of the company’s stock, valued at approximately $20,585,632.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Peter Fante sold 4,417 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $36.60, for a total transaction of $161,662.20. Following the transaction, the insider now directly owns 98,975 shares in the company, valued at approximately $3,622,485. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Dan Bodner sold 375,000 shares of Verint Systems stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $33.76, for a total value of $12,660,000.00. Following the completion of the transaction, the chief executive officer now owns 609,764 shares in the company, valued at approximately $20,585,632.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 381,527 shares of company stock worth $12,898,762. 1.70% of the stock is owned by corporate insiders.

Verint Systems Stock Down 4.3 %

VRNT opened at $30.18 on Wednesday. Verint Systems Inc. has a one year low of $18.41 and a one year high of $38.17. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 62.88, a PEG ratio of 1.32 and a beta of 1.26. The business’s fifty day moving average is $32.72 and its two-hundred day moving average is $32.04. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.30 and a current ratio of 1.34.

Verint Systems (NASDAQ:VRNT) last posted its earnings results on Tuesday, June 4th. The technology company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). The company had revenue of $221.28 million during the quarter, compared to analysts’ expectations of $214.71 million. Verint Systems had a net margin of 5.52% and a return on equity of 16.56%. Analysts anticipate that Verint Systems Inc. will post 1.99 EPS for the current fiscal year.

Verint Systems 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.