Recent Analysts’ Ratings Updates for Verint Systems (VRNT)

A number of firms have modified their ratings and price targets on shares of Verint Systems (NASDAQ: VRNT) recently:

  • 4/11/2019 – Verint Systems had its price target raised by analysts at Jefferies Financial Group Inc from $66.00 to $72.00. They now have a “positive” rating on the stock.
  • 3/30/2019 – Verint Systems was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 3/29/2019 – Verint Systems had its price target raised by analysts at Imperial Capital from $58.00 to $65.00. They now have an “outperform” rating on the stock.
  • 3/28/2019 – Verint Systems was given a new $63.00 price target on by analysts at JPMorgan Chase & Co.. They now have an “overweight” rating on the stock.
  • 3/28/2019 – Verint Systems had its price target raised by analysts at Oppenheimer Holdings Inc. from $60.00 to $65.00. They now have an “outperform” rating on the stock.
  • 3/28/2019 – Verint Systems had its price target raised by analysts at Wedbush from $58.00 to $63.00. They now have a “hold” rating on the stock.
  • 3/28/2019 – Verint Systems had its price target raised by analysts at Jefferies Financial Group Inc from $53.00 to $66.00. They now have a “buy” rating on the stock.
  • 3/20/2019 – Verint Systems was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 2/19/2019 – Verint Systems was upgraded by analysts at TheStreet from a “c+” rating to a “b+” rating.
  • 2/16/2019 – Verint Systems was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Verint Systems Inc. is a leading provider of analytic solutions for communications interception, digital video security and surveillance, and enterprise business intelligence. “

NASDAQ:VRNT opened at $61.70 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.62. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 26.59, a P/E/G ratio of 2.05 and a beta of 1.20. Verint Systems Inc. has a fifty-two week low of $39.96 and a fifty-two week high of $63.94.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Wednesday, March 27th. The technology company reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.08. The business had revenue of $330.20 million during the quarter, compared to analyst estimates of $332.54 million. Verint Systems had a net margin of 5.37% and a return on equity of 12.77%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the business earned $1.05 EPS. On average, equities analysts predict that Verint Systems Inc. will post 2.75 earnings per share for the current fiscal year.

In other Verint Systems news, CFO Douglas Robinson sold 8,252 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $62.46, for a total transaction of $515,419.92. Following the sale, the chief financial officer now directly owns 169,078 shares in the company, valued at approximately $10,560,611.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Elan Moriah sold 11,559 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $62.46, for a total transaction of $721,975.14. Following the sale, the insider now owns 82,108 shares in the company, valued at $5,128,465.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 107,724 shares of company stock worth $6,756,296. Insiders own 1.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the business. Enlightenment Research LLC acquired a new position in shares of Verint Systems in the 4th quarter worth approximately $25,000. Quantamental Technologies LLC acquired a new position in shares of Verint Systems in the 4th quarter worth approximately $28,000. First Hawaiian Bank grew its stake 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 during the last quarter. Truvestments Capital LLC acquired a new position in shares of Verint Systems in the 1st quarter worth approximately $60,000. Finally, Psagot Investment House Ltd. grew its stake in shares of Verint Systems by 123.7% in the 4th quarter. Psagot Investment House Ltd. now owns 5,512 shares of the technology company’s stock worth $137,000 after purchasing an additional 3,048 shares during the last quarter. Institutional investors own 95.13% of the company’s stock.

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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