Shares of Verint Systems Inc. (NASDAQ:VRNT – Get Rating) have earned a consensus recommendation of "Moderate Buy" from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $63.80.
Several equities analysts have commented on the company. TheStreet lowered Verint Systems from a "b-" rating to a "c" rating in a research report on Tuesday, April 12th. Needham & Company LLC reissued a "buy" rating and issued a $61.00 target price on shares of Verint Systems in a research report on Wednesday, June 8th. StockNews.com raised Verint Systems from a "hold" rating to a "buy" rating in a research report on Wednesday, July 6th. Evercore ISI cut their price target on Verint Systems to $65.00 in a research note on Thursday, June 9th. Finally, The Goldman Sachs Group downgraded Verint Systems from a "buy" rating to a "neutral" rating and set a $57.00 price objective for the company. in a research note on Tuesday, April 12th.
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Insider Activity at Verint Systems
In related news, insider Peter Fante sold 957 shares of the stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $43.21, for a total transaction of $41,351.97. Following the sale, the insider now owns 52,706 shares in the company, valued at approximately $2,277,426.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Verint Systems news, CEO Dan Bodner sold 6,482 shares of the company's stock in a transaction on Monday, June 13th. The stock was sold at an average price of $44.88, for a total value of $290,912.16. Following the transaction, the chief executive officer now owns 1,042,169 shares of the company's stock, valued at approximately $46,772,544.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter Fante sold 957 shares of the company's stock in a transaction on Tuesday, June 14th. The shares were sold at an average price of $43.21, for a total value of $41,351.97. Following the completion of the transaction, the insider now directly owns 52,706 shares in the company, valued at approximately $2,277,426.26. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,701 shares of company stock worth $1,198,489. Company insiders own 2.40% of the company's stock.
Hedge Funds Weigh In On Verint Systems
Hedge funds and other institutional investors have recently made changes to their positions in the company. KRS Capital Management LLC bought a new position in shares of Verint Systems during the 4th quarter worth $36,000. Harbor Investment Advisory LLC bought a new position in shares of Verint Systems during the 2nd quarter worth $41,000. Alpha Paradigm Partners LLC bought a new position in shares of Verint Systems during the 4th quarter worth $65,000. Strs Ohio bought a new position in shares of Verint Systems during the 4th quarter worth $78,000. Finally, Pinebridge Investments L.P. bought a new position in shares of Verint Systems during the 4th quarter worth $105,000.
Verint Systems Trading Up 1.2 %
Shares of VRNT opened at $45.67 on Friday. The firm's 50 day simple moving average is $45.31 and its 200 day simple moving average is $49.50. The company has a market capitalization of $2.95 billion, a P/E ratio of -415.14, a P/E/G ratio of 1.98 and a beta of 0.84. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.22 and a quick ratio of 1.20. Verint Systems has a 1-year low of $39.83 and a 1-year high of $56.39.
Verint Systems (NASDAQ:VRNT – Get Rating) last issued its quarterly earnings results on Tuesday, June 7th. The technology company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.01. The business had revenue of $219.25 million for the quarter, compared to analysts' expectations of $215.52 million. Verint Systems had a net margin of 1.56% and a return on equity of 13.49%. The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business earned $0.23 earnings per share. Sell-side analysts forecast that Verint Systems will post 1.49 earnings per share for the current fiscal year.
About Verint Systems
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Verint Systems Inc provides customer engagement solutions worldwide. It offers various applications for use in Forecasting and Scheduling, which understands the work needed to meet and exceed customer expectations; Quality and Compliance that uses automation and analytics for customer interactions for attended and self-service channels; Interaction Insights, which extracts insights from structured and unstructured customer interactions and activities; Real-Time Work that supports in-the-moment workforce activities; Engagement Channels, an application for messaging, social, chat, email, and interactive voice response; Conversational AI, an intelligent virtual assistant application to enable human-like conversations across every channel; Engagement Orchestration, an application that improves employee efficiency, time to resolution, compliance, and customer satisfaction with workflows; Knowledge Management, which help agents to deliver stellar service with tools.
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