Verint Systems (VRNT) : Migdal Insurance Financial Holdings Ltd. reduced its stake in Verint Systems by 9.09% during the most recent quarter end. The investment management company now holds a total of 1,000,000 shares of Verint Systems which is valued at $34,670,000 after selling 100,000 shares in Verint Systems , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Verint Systems makes up approximately 1.05% of Migdal Insurance Financial Holdings Ltd.’s portfolio.
Verint Systems closed down -0.13 points or -0.37% at $34.67 with 3,75,872 shares getting traded on Friday. Post opening the session at $34.86, the shares hit an intraday low of $34.25 and an intraday high of $35.09 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Fisher Asset Management boosted its stake in VRNT in the latest quarter, The investment management firm added 191,491 additional shares and now holds a total of 2,036,985 shares of Verint Systems which is valued at $70,622,270. Verint Systems makes up approx 0.14% of Fisher Asset Management’s portfolio. Quotient Investors added VRNT to its portfolio by purchasing 6,400 company shares during the most recent quarter which is valued at $224,256. Verint Systems makes up approx 0.08% of Quotient Investors’s portfolio. Central Trust Co sold out all of its stake in VRNT during the most recent quarter. The investment firm sold 364 shares of VRNT which is valued $12,755.Creative Planning reduced its stake in VRNT by selling 22 shares or 0.27% in the most recent quarter. The Hedge Fund company now holds 7,999 shares of VRNT which is valued at $272,286.
On the company’s financial health, Verint Systems reported $0.90 EPS for the quarter, missing the analyst consensus estimate by $ -0.26 based on the information available during the earnings call on Mar 29, 2016. Analyst had a consensus of $1.16. The company had revenue of $281.80 million for the quarter, compared to analysts expectations of $318.09 million. The company’s revenue was down -10.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.19 EPS.
Many Wall Street Analysts have commented on Verint Systems. Shares were Reiterated by Imperial Capital on Apr 5, 2016 to “Outperform” and Lowered the Price Target to $ 40 from a previous price target of $55 .Shares were Downgraded by Deutsche Bank on Mar 30, 2016 to ” Hold” and Lowered the Price Target to $ 35 from a previous price target of $50 .Verint Systems was Downgraded by Credit Suisse to ” Underperform” on Mar 30, 2016.
Verint Systems Inc. is a company engaged in Actionable Intelligence solutions. The Company’s Actionable Intelligence solutions address: Customer Engagement Optimization; Security Intelligence; and Fraud Risk and Compliance. The Company offers services such as strategic consulting implementation services training maintenance and 24 x 7 support as well as deployment models including on premises hosted managed services and software as a service (SaaS). The Company has three operating segments. The Company addresses the Customer Engagement Optimization market opportunity through solutions from its Enterprise Intelligence Solution segment. It addresses the Security Intelligence market opportunity through solutions from its Communications and Cyber Intelligence Solutions and Video and Situation Intelligence Solutions and it addresses the Fraud Risk and Compliance market opportunity through solutions from all the three operating segments.