Verint Systems (NASDAQ:VRNT) updated on StockNews.com
VRNT has been the subject of several other reports. Evercore ISI lowered its target price on Verint Systems stock to $65.00 in a Thursday, June 9 research report. Royal Bank of Canada raised its price target on Verint Systems from $57.00 to $61.00 and gave the company an “outperform” rating in a Wednesday, March 30 research report. Needham & Company LLC reissued a “buy” rating and released a target price of $61.00 on Verint Systems stock in a research note on Wednesday, June 8. Goldman Sachs Group downgraded Verint Systems from a “buy” rating to a “neutral” rating and set a target price of $57.00 for the stock. in a report on Tuesday, April 12. Finally, TheStreet reduced shares of Verint Systems from a “b-” rating to a “c” rating in a Tuesday, April 12 research report. One equity research analyst gave the stock a hold rating and four gave the stock a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.80.
Shares of NASDAQ VRNT traded at $0.07 during Wednesday’s midday session, hitting $42.71. 291,861 shares of the company were traded, compared to its average volume of 526,210. The stock has a market capitalization of $2.76 billion, a P/E ratio of -388.24, a PEG ratio of 1.90 and a beta of 0.84. Verint Systems has a 1-year low of $39.83 and a 1-year high of $56.39. The company has a 50-day simple moving average of $48.15 and a 200-day simple moving average of $50.49. The company has a debt ratio of 0.49, a current ratio of 1.22 and a quick ratio of 1.20.
Verint Systems (NASDAQ: VRNT – Get a rating) last reported results on Tuesday, June 7. The technology company reported EPS of $0.52 for the quarter, beating analyst consensus estimates of $0.47 by $0.05. Verint Systems had a return on equity of 13.49% and a net margin of 1.56%. The company posted revenue of $219.25 million for the quarter, compared to $215.52 million expected by analysts. During the same period a year earlier, the company posted EPS of $0.23. The company’s revenue for the quarter increased by 8.6% compared to the same quarter last year. Equity research analysts expect Verint Systems to post earnings per share of 1.49 for the current fiscal year.
Separately, director John R. Egan sold 10,000 shares of the company in a trade on Friday, June 17. The stock was sold at an average price of $41.51, for a total transaction of $415,100.00. As a result of the transaction, the administrator now directly owns 36,407 shares of the company, valued at approximately $1,511,254.57. The sale was disclosed in a document filed with the SEC, accessible via this link. Also, CFO Douglas Robinson sold 3,664 shares of the company in a trade on Thursday, April 14. The stock was sold at an average price of $53.04, for a total transaction of $194,338.56. Following completion of the transaction, the CFO now directly owns 213,863 shares of the company, valued at approximately $11,343,293.52. Disclosure of this sale can be found here. Insiders sold a total of 114,032 shares of the company worth $5,633,947 in the past 90 days. Insiders hold 2.40% of the shares of the company.
Several hedge funds have recently increased or reduced their holdings in VRNT. Vanguard Group Inc. increased its position in Verint Systems shares by 1.1% in the first quarter. Vanguard Group Inc. now owns 5,896,345 shares of the technology company valued at $304,841,000 after buying an additional 65,157 shares last quarter. Clal Insurance Enterprises Holdings Ltd increased its stake in Verint Systems shares by 0.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 5,253,751 shares of the technology company worth $271,619,000 after acquiring 38,000 additional shares in the last quarter. Baupost Group LLC MA increased its position in Verint Systems shares by 6.4% during the fourth quarter. Baupost Group LLC MA now owns 3,754,965 shares of the technology company worth $197,173,000 after purchasing an additional 226,481 shares during the period. Victory Capital Management Inc. increased its position in Verint Systems by 4.8% in the fourth quarter. Victory Capital Management Inc. now owns 3,631,535 shares of the technology company valued at $190,692,000 after acquiring 166,411 additional shares last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings of Verint Systems shares by 1.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,554,823 shares of the technology company valued at $132,085,000 after buying 48,597 additional shares last quarter.
About Verint Systems (Get a rating)
Verint Systems Inc provides customer engagement solutions worldwide. It offers various applications for use in forecasting and planning, which includes the work required to meet and exceed customer expectations; Quality and Compliance that uses automation and analytics of customer interactions for assisted and self-service channels; Interaction Insights, which extracts insights from structured and unstructured customer interactions and activities; Real-time labor that supports real-time workforce activities; Engagement Channels, an application for messaging, social media, chat, email, and interactive voice response; Conversational AI, an intelligent virtual assistant app to enable human-like conversations across all channels; Engagement Orchestration, an application that improves employee efficiency, time to resolution, compliance and customer satisfaction with workflows; Knowledge management, which helps agents provide exceptional service with tools.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to firstname.lastname@example.org.
Should you invest $1,000 in Verint Systems right now?
Before you consider Verint Systems, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Verint Systems was not on the list.
While Verint Systems currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here