Verint Systems Inc. (NASDAQ:VRNT) has been given a consensus rating of “Buy” by the ten brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $67.00.
VRNT has been the topic of a number of recent research reports. Imperial Capital upped their price objective on Verint Systems from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. BidaskClub upgraded Verint Systems from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. Oppenheimer increased their price target on Verint Systems from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. ValuEngine downgraded Verint Systems from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Wedbush reiterated an “outperform” rating and issued a $70.00 price target (up from $63.00) on shares of Verint Systems in a report on Tuesday, May 21st.
NASDAQ VRNT traded down $1.06 during trading hours on Wednesday, hitting $53.25. The company had a trading volume of 179,853 shares, compared to its average volume of 541,263. Verint Systems has a 52 week low of $39.96 and a 52 week high of $63.94. The company’s 50 day moving average is $55.59. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.50 and a quick ratio of 1.45. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 1.72 and a beta of 1.03.
Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings results on Wednesday, May 29th. The technology company reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.10. Verint Systems had a return on equity of 13.60% and a net margin of 5.56%. The business had revenue of $324.16 million for the quarter, compared to analysts’ expectations of $317.97 million. During the same period in the previous year, the firm earned $0.53 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Sell-side analysts forecast that Verint Systems will post 2.69 earnings per share for the current year.
In other Verint Systems news, insider Elan Moriah sold 1,885 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $56.56, for a total transaction of $106,615.60. Following the transaction, the insider now directly owns 103,210 shares in the company, valued at approximately $5,837,557.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Douglas Robinson sold 3,096 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $55.19, for a total value of $170,868.24. Following the transaction, the chief financial officer now owns 179,769 shares in the company, valued at $9,921,451.11. The disclosure for this sale can be found here. Insiders have sold a total of 35,959 shares of company stock worth $2,014,527 over the last 90 days. 1.40% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in VRNT. Pictet Asset Management Ltd. purchased a new position in Verint Systems during the 2nd quarter worth $47,266,000. Norges Bank purchased a new position in Verint Systems during the 4th quarter worth $34,750,000. SQN Investors LP bought a new stake in Verint Systems during the 1st quarter valued at $45,784,000. Clal Insurance Enterprises Holdings Ltd boosted its position in Verint Systems by 52.1% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,901,882 shares of the technology company’s stock valued at $113,847,000 after acquiring an additional 651,314 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Verint Systems by 5.9% during the 2nd quarter. Vanguard Group Inc. now owns 6,429,472 shares of the technology company’s stock valued at $345,776,000 after acquiring an additional 358,743 shares in the last quarter. Institutional investors own 95.13% of the company’s stock.
Verint Systems Company Profile
Verint Systems Inc provides actionable intelligence solutions worldwide. The company's Customer Engagement Solutions segment offers automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, and digital feedback solutions.
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