Zacks Investment Research lowered shares of Verint Systems (NASDAQ:VRNT) from a strong-buy rating to a hold rating in a research note published on Saturday.
According to Zacks, “Verint Systems Inc. is a leading provider of analytic solutions for communications interception, digital video security and surveillance, and enterprise business intelligence. “
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VRNT has been the topic of a number of other reports. Wedbush reiterated a buy rating and issued a $58.00 target price on shares of Verint Systems in a research note on Friday, October 19th. Imperial Capital reiterated an outperform rating and issued a $58.00 target price (up from $49.50) on shares of Verint Systems in a research note on Tuesday, December 11th. TheStreet cut Verint Systems from a b- rating to a c+ rating in a research note on Thursday, January 3rd. Jefferies Financial Group began coverage on Verint Systems in a research note on Thursday, January 10th. They issued a buy rating and a $53.00 target price on the stock. Finally, ValuEngine upgraded Verint Systems from a hold rating to a buy rating in a research note on Thursday, January 17th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Verint Systems has a consensus rating of Buy and a consensus price target of $56.00.
Shares of VRNT opened at $52.39 on Friday. Verint Systems has a 12-month low of $37.10 and a 12-month high of $52.50. The firm has a market cap of $3.42 billion, a P/E ratio of 29.60, a PEG ratio of 1.96 and a beta of 1.14. The company has a current ratio of 1.65, a quick ratio of 1.61 and a debt-to-equity ratio of 0.64.
Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings data on Thursday, December 6th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.14. Verint Systems had a return on equity of 12.47% and a net margin of 4.58%. The firm had revenue of $307.99 million for the quarter, compared to analysts’ expectations of $305.38 million. During the same period last year, the business posted $0.66 earnings per share. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. As a group, analysts predict that Verint Systems will post 2.26 EPS for the current fiscal year.
In other Verint Systems news, Director Richard N. Nottenburg sold 5,675 shares of the firm’s stock in a transaction on Wednesday, December 19th. The stock was sold at an average price of $46.13, for a total value of $261,787.75. Following the sale, the director now directly owns 9,849 shares in the company, valued at $454,334.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Douglas Robinson sold 1,432 shares of the firm’s stock in a transaction on Tuesday, January 15th. The shares were sold at an average price of $44.82, for a total value of $64,182.24. Following the completion of the sale, the chief financial officer now owns 174,635 shares in the company, valued at $7,827,140.70. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. raised its stake in shares of Verint Systems by 58.9% during the fourth quarter. Victory Capital Management Inc. now owns 2,010,944 shares of the technology company’s stock valued at $85,083,000 after purchasing an additional 745,179 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Verint Systems by 60.6% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,250,568 shares of the technology company’s stock valued at $52,912,000 after purchasing an additional 472,000 shares in the last quarter. Global Alpha Capital Management Ltd. bought a new stake in shares of Verint Systems during the third quarter valued at about $13,297,000. Fort Washington Investment Advisors Inc. OH raised its stake in shares of Verint Systems by 56.6% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 690,694 shares of the technology company’s stock valued at $29,223,000 after purchasing an additional 249,617 shares in the last quarter. Finally, Mesirow Financial Investment Management Equity Management bought a new stake in shares of Verint Systems during the third quarter valued at about $12,237,000. Institutional investors own 95.78% of the company’s stock.
About Verint Systems
Verint Systems Inc provides actionable intelligence solutions and value-added services worldwide. Its Customer Engagement Solutions segment provides automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, digital feedback, email engagement, employee desktop, enterprise feedback, financial compliance, full-time recording, gamification, identity analytics, internal communities, knowledge management, mobile workforce, performance management, robotic process automation, social analytics, speech and text analytics, virtual assistant, voice self-service, voice self-service fraud detection, Web/mobile self-service, work manager, and workforce management solutions.
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