Jefferies Financial Group assumed coverage on shares of Verint Systems (NASDAQ:VRNT) in a report published on Thursday, MarketBeat.com reports. The firm issued a buy rating and a $53.00 price target on the technology company’s stock.
Several other research firms have also weighed in on VRNT. TheStreet lowered Verint Systems from a b- rating to a c+ rating in a research report on Thursday, January 3rd. Wedbush restated a buy rating and set a $58.00 price target on shares of Verint Systems in a research report on Thursday, December 6th. ValuEngine lowered Verint Systems from a buy rating to a hold rating in a research report on Wednesday, September 12th. Zacks Investment Research upgraded Verint Systems from a hold rating to a strong-buy rating and set a $52.00 price target on the stock in a research report on Wednesday, December 12th. Finally, BidaskClub lowered Verint Systems from a hold rating to a sell rating in a research report on Thursday, September 13th. One analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $56.00.
NASDAQ VRNT opened at $45.42 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.61 and a current ratio of 1.65. Verint Systems has a twelve month low of $37.10 and a twelve month high of $52.45. The company has a market cap of $2.87 billion, a P/E ratio of 25.66, a PEG ratio of 1.94 and a beta of 1.00.
Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Thursday, December 6th. The technology company reported $0.85 earnings per share for the quarter, beating 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 company had revenue of $307.99 million for the quarter, compared to analyst estimates of $305.38 million. During the same period in the previous year, the company posted $0.66 earnings per share. The firm’s revenue was up 8.5% on a year-over-year basis. Research analysts predict that Verint Systems will post 2.27 EPS for the current fiscal year.
In other Verint Systems news, Director Richard N. Nottenburg sold 5,675 shares of the business’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 of the company’s stock, valued at $454,334.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.
Large investors have recently made changes to their positions in the company. Strs Ohio increased its position in shares of Verint Systems by 60.0% during the 2nd quarter. Strs Ohio now owns 4,000 shares of the technology company’s stock worth $177,000 after purchasing an additional 1,500 shares in the last quarter. Legal & General Group Plc increased its position in shares of Verint Systems by 27.0% during the 2nd quarter. Legal & General Group Plc now owns 208,348 shares of the technology company’s stock worth $9,240,000 after purchasing an additional 44,319 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Verint Systems by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,610,264 shares of the technology company’s stock worth $71,414,000 after purchasing an additional 27,678 shares in the last quarter. Raymond James & Associates increased its position in shares of Verint Systems by 33.8% during the 2nd quarter. Raymond James & Associates now owns 54,193 shares of the technology company’s stock worth $2,403,000 after purchasing an additional 13,695 shares in the last quarter. Finally, Zacks Investment Management increased its position in shares of Verint Systems by 1.2% during the 2nd quarter. Zacks Investment Management now owns 99,017 shares of the technology company’s stock worth $4,391,000 after purchasing an additional 1,179 shares in the last quarter. 94.66% of the stock is currently owned by hedge funds and other institutional investors.
Verint Systems Company Profile
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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