Shares of Verint Systems Inc. (NASDAQ:VRNT) have been given a consensus recommendation of “Buy” by the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $67.00.
Several analysts recently weighed in on VRNT shares. Zacks Investment Research raised shares of Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Friday. Imperial Capital upped their price target on shares of Verint Systems from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. BidaskClub cut shares of Xperi from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 19th. JPMorgan Chase & Co. assumed coverage on shares of Bunge in a research report on Thursday, March 28th. They set a “neutral” rating and a $67.00 price target on the stock. Finally, Wedbush reaffirmed a “buy” rating and set a $24.00 price target on shares of Miragen Therapeutics in a research report on Tuesday, May 21st.
Shares of Verint Systems stock traded down $0.07 during trading on Friday, hitting $55.48. The company’s stock had a trading volume of 413,507 shares, compared to its average volume of 516,958. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.45 and a current ratio of 1.50. Verint Systems has a 52 week low of $39.96 and a 52 week high of $63.94. The stock has a market capitalization of $3.65 billion, a PE ratio of 23.91, a price-to-earnings-growth ratio of 1.72 and a beta of 1.03. The firm’s 50-day moving average is $55.39.
Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Wednesday, May 29th. The technology company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.10. Verint Systems had a net margin of 5.56% and a return on equity of 13.60%. The company had revenue of $324.16 million for the quarter, compared to analysts’ expectations of $317.97 million. During the same quarter in the previous year, the firm posted $0.53 earnings per share. Verint Systems’s revenue for the quarter was up 11.0% on a year-over-year basis. Analysts predict that Verint Systems will post 2.69 EPS for the current fiscal year.
In other news, CEO Dan Bodner sold 6,240 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $55.28, for a total transaction of $344,947.20. Following the transaction, the chief executive officer now owns 747,953 shares of the company’s stock, valued at approximately $41,346,841.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Elan Moriah sold 1,885 shares of the stock in a transaction dated 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 disclosure for this sale can be found here. Insiders have sold 35,959 shares of company stock worth $2,014,527 in the last ninety days. Insiders own 1.40% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Northern Trust Corp lifted its stake in shares of Verint Systems by 0.8% in the 4th quarter. Northern Trust Corp now owns 836,933 shares of the technology company’s stock valued at $35,411,000 after purchasing an additional 6,795 shares in the last quarter. Hsbc Holdings PLC acquired a new position in shares of Verint Systems in the 4th quarter valued at about $903,000. United Services Automobile Association lifted its stake in shares of Verint Systems by 6.3% in the 4th quarter. United Services Automobile Association now owns 55,691 shares of the technology company’s stock valued at $2,356,000 after purchasing an additional 3,300 shares in the last quarter. California State Teachers Retirement System lifted its stake in shares of Verint Systems by 3.9% in the 4th quarter. California State Teachers Retirement System now owns 101,187 shares of the technology company’s stock valued at $4,281,000 after purchasing an additional 3,759 shares in the last quarter. Finally, Fort L.P. acquired a new position in shares of Verint Systems in the 4th quarter valued at about $176,000. 95.31% of the stock is currently owned by institutional investors.
About Verint Systems
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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