Riverbridge Partners buys $61,257,151 stake in Verint Systems (VRNT)

Verint Systems (VRNT) : Riverbridge Partners scooped up 172,248 additional shares in Verint Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 1,727,013 shares of Verint Systems which is valued at $61,257,151.Verint Systems makes up approximately 1.23% of Riverbridge Partners’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System boosted its stake in VRNT in the latest quarter, The investment management firm added 62 additional shares and now holds a total of 130,466 shares of Verint Systems which is valued at $4,627,629. Verint Systems makes up approx 0.01% of California State Teachers Retirement System’s portfolio. Livingston Group Asset Management Co (operating As Southp… added VRNT to its portfolio by purchasing 3 company shares during the most recent quarter which is valued at $105. Hartford Financial Management added VRNT to its portfolio by purchasing 115 company shares during the most recent quarter which is valued at $3,888.Bnp Paribas Arbitrage Sa boosted its stake in VRNT in the latest quarter, The investment management firm added 2,412 additional shares and now holds a total of 2,458 shares of Verint Systems which is valued at $80,598.

Verint Systems opened for trading at $35.5 and hit $35.781 on the upside on Thursday, eventually ending the session at $35.61, with a gain of 0.39% or 0.14 points. The heightened volatility saw the trading volume jump to 1,96,811 shares. Company has a market cap of $2,215 M.

On the company’s financial health, Verint Systems reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jun 7, 2016. Analyst had a consensus of $0.41. The company had revenue of $249.00 million for the quarter, compared to analysts expectations of $250.66 million. The company’s revenue was down -7.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.66 EPS.

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.

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