Bernzott Capital Advisors Lowers stake in Verint Systems (VRNT)

Verint Systems (VRNT) : Bernzott Capital Advisors reduced its stake in Verint Systems by 9.18% during the most recent quarter end. The investment management company now holds a total of 466,374 shares of Verint Systems which is valued at $17,176,554 after selling 47,150 shares in Verint Systems , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Verint Systems makes up approximately 3.22% of Bernzott Capital Advisors’s portfolio.

Other Hedge Funds, Including , Eaton Vance Management reduced its stake in VRNT by selling 47,697 shares or 7.68% in the most recent quarter. The Hedge Fund company now holds 573,585 shares of VRNT which is valued at $20,935,853. Verint Systems makes up approx 0.06% of Eaton Vance Management’s portfolio. Glenmede Trust Co Na added VRNT to its portfolio by purchasing 65 company shares during the most recent quarter which is valued at $2,376. Mutual Of America Capital Management sold out all of its stake in VRNT during the most recent quarter. The investment firm sold 46,511 shares of VRNT which is valued $1,649,745. Capital Fund Management S.a. sold out all of its stake in VRNT during the most recent quarter. The investment firm sold 27,085 shares of VRNT which is valued $946,621. Quotient Investors sold out all of its stake in VRNT during the most recent quarter. The investment firm sold 6,400 shares of VRNT which is valued $215,488.

Verint Systems closed down -0.83 points or -2.35% at $34.5 with 4,65,842 shares getting traded on Wednesday. Post opening the session at $35.38, the shares hit an intraday low of $34.33 and an intraday high of $35.38 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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