Harel Insurance Investments Financial Services Ltd. Lowers stake in Verint Systems (VRNT)

Verint Systems (VRNT) : Harel Insurance Investments Financial Services Ltd. reduced its stake in Verint Systems by 1.55% during the most recent quarter end. The investment management company now holds a total of 374,880 shares of Verint Systems which is valued at $13,296,994 after selling 5,900 shares in Verint Systems , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Verint Systems makes up approximately 1.52% of Harel Insurance Investments Financial Services Ltd.’s portfolio.

Other Hedge Funds, Including , Ngam Advisors boosted its stake in VRNT in the latest quarter, The investment management firm added 7,134 additional shares and now holds a total of 184,097 shares of Verint Systems which is valued at $6,529,921. Verint Systems makes up approx 0.09% of Ngam Advisors’s portfolio. Herndon Capital Management added VRNT to its portfolio by purchasing 174 company shares during the most recent quarter which is valued at $6,137.Strs Ohio boosted its stake in VRNT in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 5,200 shares of Verint Systems which is valued at $181,740.Next Financial Group Inc boosted its stake in VRNT in the latest quarter, The investment management firm added 13 additional shares and now holds a total of 25 shares of Verint Systems which is valued at $820.

Verint Systems opened for trading at $36.61 and hit $37.06 on the upside on Monday, eventually ending the session at $36.83, with a gain of 0.74% or 0.27 points. The heightened volatility saw the trading volume jump to 3,74,140 shares. Company has a market cap of $2,291 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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