BidaskClub Downgrades Verint Systems (NASDAQ:VRNT) to Hold

Verint Systems (NASDAQ:VRNT) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, BidAskClub reports.

VRNT has been the subject of several other reports. Zacks Investment Research raised shares of Verint Systems from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Saturday, July 27th. Oppenheimer increased their price target on shares of Verint Systems from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Imperial Capital increased their price target on shares of Verint Systems from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Wedbush reissued an “outperform” rating and issued a $70.00 price target (up from $63.00) on shares of Verint Systems in a report on Tuesday, May 21st. Finally, ValuEngine downgraded shares of Verint Systems from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $67.00.

NASDAQ VRNT opened at $54.30 on Wednesday. The company has a current ratio of 1.50, a quick ratio of 1.45 and a debt-to-equity ratio of 0.68. The company has a fifty day simple moving average of $55.55 and a 200 day simple moving average of $56.22. The company has a market cap of $3.57 billion, a P/E ratio of 23.41, a P/E/G ratio of 1.68 and a beta of 1.03. Verint Systems has a 1 year low of $39.96 and a 1 year high of $63.94.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings data on Wednesday, May 29th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.10. The business had revenue of $324.16 million during the quarter, compared to the consensus estimate of $317.97 million. Verint Systems had a net margin of 5.56% and a return on equity of 13.60%. Verint Systems’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 EPS. Equities research analysts forecast that Verint Systems will post 2.68 EPS for the current fiscal year.

In other news, insider Elan Moriah sold 1,885 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $56.56, for a total transaction of $106,615.60. Following the completion of the transaction, the insider now directly owns 103,210 shares of the company’s stock, valued at approximately $5,837,557.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dan Bodner sold 6,240 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $55.28, for a total transaction of $344,947.20. Following the transaction, the chief executive officer now directly owns 747,953 shares of the company’s stock, valued at $41,346,841.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,959 shares of company stock valued at $2,014,527. Insiders own 1.40% of the company’s stock.

Several large investors have recently added to or reduced their stakes in VRNT. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Verint Systems by 14.6% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,565 shares of the technology company’s stock worth $84,000 after purchasing an additional 199 shares in the last quarter. Rhumbline Advisers increased its position in shares of Verint Systems by 0.4% during the 1st quarter. Rhumbline Advisers now owns 96,124 shares of the technology company’s stock worth $5,754,000 after purchasing an additional 342 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Verint Systems by 0.4% during the 1st quarter. California Public Employees Retirement System now owns 100,843 shares of the technology company’s stock worth $6,036,000 after purchasing an additional 413 shares in the last quarter. Creative Planning increased its position in shares of Verint Systems by 5.3% during the 2nd quarter. Creative Planning now owns 8,413 shares of the technology company’s stock worth $452,000 after purchasing an additional 420 shares in the last quarter. Finally, Investors Research Corp acquired a new stake in shares of Verint Systems during the 1st quarter worth about $30,000. 97.12% of the stock is 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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Analyst Recommendations for Verint Systems (NASDAQ:VRNT)

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