Verint Systems Inc. (NASDAQ:VRNT)‘s stock had its “buy” rating restated by research analysts at Royal Bank Of Canada in a report issued on Tuesday. They presently have a $48.00 price objective on the technology company’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 23.39% from the stock’s previous close.
Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded Verint Systems from a “hold” rating to a “strong-buy” rating and set a $48.00 price objective on the stock in a research report on Wednesday, June 14th. Imperial Capital reiterated an “in-line” rating and set a $47.00 price objective (up previously from $45.00) on shares of Verint Systems in a research report on Friday, June 9th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $50.00 price objective (up previously from $48.00) on shares of Verint Systems in a research report on Friday, June 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $44.38.
Shares of Verint Systems (VRNT) traded down 0.39% during mid-day trading on Tuesday, hitting $38.75. The stock had a trading volume of 342,563 shares. Verint Systems has a one year low of $33.40 and a one year high of $44.70. The stock’s market cap is $2.43 billion. The firm has a 50 day moving average of $39.53 and a 200-day moving average of $39.70.
Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings data on Wednesday, June 7th. The technology company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.11. Verint Systems had a positive return on equity of 9.76% and a negative net margin of 2.94%. The firm had revenue of $265.70 million for the quarter, compared to the consensus estimate of $259.97 million. During the same quarter last year, the business posted $0.46 earnings per share. The firm’s revenue was up 6.7% compared to the same quarter last year. Equities research analysts expect that Verint Systems will post $2.72 earnings per share for the current fiscal year.
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In other Verint Systems news, Director Larry F. Myers sold 3,103 shares of Verint Systems stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $41.40, for a total value of $128,464.20. Following the sale, the director now owns 10,751 shares in the company, valued at $445,091.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Douglas Robinson sold 2,635 shares of Verint Systems stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $40.86, for a total value of $107,666.10. Following the completion of the sale, the chief financial officer now owns 159,818 shares in the company, valued at approximately $6,530,163.48. The disclosure for this sale can be found here. Insiders sold 9,584 shares of company stock worth $393,624 in the last 90 days. Company insiders own 1.20% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Atria Investments LLC increased its stake in Verint Systems by 1.3% in the second quarter. Atria Investments LLC now owns 4,908 shares of the technology company’s stock valued at $200,000 after buying an additional 63 shares in the last quarter. Creative Planning increased its stake in Verint Systems by 0.9% in the second quarter. Creative Planning now owns 7,856 shares of the technology company’s stock valued at $320,000 after buying an additional 67 shares in the last quarter. Amalgamated Bank increased its stake in Verint Systems by 2.1% in the second quarter. Amalgamated Bank now owns 7,969 shares of the technology company’s stock valued at $324,000 after buying an additional 163 shares in the last quarter. Solaris Asset Management LLC increased its stake in Verint Systems by 6.2% in the first quarter. Solaris Asset Management LLC now owns 4,300 shares of the technology company’s stock valued at $187,000 after buying an additional 250 shares in the last quarter. Finally, Carleon Capital Partners LLC increased its stake in Verint Systems by 0.8% in the second quarter. Carleon Capital Partners LLC now owns 29,903 shares of the technology company’s stock valued at $1,199,000 after buying an additional 250 shares in the last quarter. Institutional investors own 95.54% of the company’s stock.
About Verint Systems
Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.
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