Verint Systems (VRNT) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Verint Systems (NASDAQ:VRNT) from a hold rating to a buy rating in a research report released on Saturday morning.

Several other equities research analysts have also recently weighed in on VRNT. Zacks Investment Research upgraded Verint Systems from a hold rating to a strong-buy rating and set a $52.00 price objective for the company in a report on Wednesday, December 12th. Wedbush reiterated a buy rating and issued a $58.00 price objective on shares of Verint Systems in a report on Thursday, December 6th. TheStreet cut Verint Systems from a b- rating to a c+ rating in a report on Thursday, January 3rd. Imperial Capital reiterated an outperform rating and issued a $58.00 price objective (up previously from $49.50) on shares of Verint Systems in a report on Tuesday, December 11th. Finally, ValuEngine upgraded Verint Systems from a hold rating to a buy rating in a report on Thursday, January 17th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $56.00.

NASDAQ VRNT opened at $51.52 on Friday. Verint Systems has a fifty-two week low of $37.10 and a fifty-two week high of $52.45. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.65 and a quick ratio of 1.61. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 1.97 and a beta of 1.14.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Thursday, December 6th. The technology company reported $0.85 earnings per share for the quarter, topping the 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 business had revenue of $307.99 million during the quarter, compared to analysts’ expectations of $305.38 million. During the same quarter last year, the business posted $0.66 EPS. The business’s revenue was up 8.5% on a year-over-year basis. As a group, research analysts expect that Verint Systems will post 2.26 earnings per share for the current year.

In related news, CFO Douglas Robinson sold 1,432 shares of the firm’s stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $44.82, for a total transaction of $64,182.24. Following the completion of the transaction, the chief financial officer now owns 174,635 shares of the company’s stock, valued at approximately $7,827,140.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard N. Nottenburg sold 5,675 shares of the firm’s stock in a transaction that occurred on Wednesday, December 19th. The shares were sold at an average price of $46.13, for a total value of $261,787.75. Following the transaction, the director now directly owns 9,849 shares of the company’s stock, valued at approximately $454,334.37. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. United Services Automobile Association increased its position in Verint Systems by 45.8% during the 2nd quarter. United Services Automobile Association now owns 51,391 shares of the technology company’s stock valued at $2,279,000 after buying an additional 16,155 shares in the last quarter. Mesirow Financial Investment Management Equity Management bought a new stake in shares of Verint Systems in the 3rd quarter worth $12,237,000. California Public Employees Retirement System increased its holdings in shares of Verint Systems by 11.4% in the 2nd quarter. California Public Employees Retirement System now owns 142,944 shares of the technology company’s stock worth $6,340,000 after purchasing an additional 14,658 shares in the last quarter. First Hawaiian Bank increased its holdings in shares of Verint Systems by 56.6% in the 4th quarter. First Hawaiian Bank now owns 1,146 shares of the technology company’s stock worth $48,000 after purchasing an additional 414 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of Verint Systems by 9.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 70,823 shares of the technology company’s stock worth $3,548,000 after purchasing an additional 6,183 shares in the last quarter. 95.78% of the stock is owned by institutional investors.

About Verint Systems

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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Analyst Recommendations for Verint Systems (NASDAQ:VRNT)

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