Verint Systems (NASDAQ:VRNT) Raised to Buy at StockNews.com
Verint Systems (NASDAQ:VRNT – Get Free Report) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.
A number of other equities research analysts have also recently issued reports on VRNT. TD Cowen decreased their price objective on shares of Verint Systems from $50.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, September 7th. Oppenheimer downgraded Verint Systems from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 7th. Jefferies Financial Group lowered their price target on Verint Systems from $40.00 to $25.00 in a report on Friday, September 8th. Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a research note on Thursday. Finally, Royal Bank of Canada lowered their target price on shares of Verint Systems from $38.00 to $36.00 and set an “outperform” rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.78.
View Our Latest Stock Analysis on VRNT
Verint Systems Stock Down 2.2 %
NASDAQ VRNT traded down $0.62 on Friday, reaching $27.98. The stock had a trading volume of 813,294 shares, compared to its average volume of 527,669. Verint Systems has a 1 year low of $18.41 and a 1 year high of $40.71. The business has a 50 day moving average price of $21.90 and a 200 day moving average price of $29.51. The company has a current ratio of 1.31, a quick ratio of 1.27 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of -279.80, a P/E/G ratio of 2.06 and a beta of 1.19.
Verint Systems (NASDAQ:VRNT – Get Free Report) last released its quarterly earnings data on Wednesday, December 6th. The technology company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.08. The firm had revenue of $219.00 million for the quarter, compared to the consensus estimate of $215.90 million. Verint Systems had a return on equity of 15.48% and a net margin of 1.61%. The firm’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 earnings per share. On average, analysts forecast that Verint Systems will post 1.73 EPS for the current fiscal year.
Insider Transactions at Verint Systems
In other Verint Systems news, insider Peter Fante sold 1,682 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $24.94, for a total value of $41,949.08. Following the completion of the sale, the insider now directly owns 55,239 shares of the company’s stock, valued at approximately $1,377,660.66. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Peter Fante sold 1,682 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $24.94, for a total transaction of $41,949.08. Following the transaction, the insider now directly owns 55,239 shares in the company, valued at $1,377,660.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dan Bodner sold 5,829 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $24.94, for a total value of $145,375.26. Following the completion of the sale, the chief executive officer now owns 1,005,645 shares of the company’s stock, valued at approximately $25,080,786.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,511 shares of company stock worth $261,144. Insiders own 2.20% of the company’s stock.
Institutional Investors Weigh In On Verint Systems
Several institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Verint Systems in the 4th quarter valued at approximately $23,448,000. Victory Capital Management Inc. boosted its stake in Verint Systems by 15.8% in the 4th quarter. Victory Capital Management Inc. now owns 4,425,278 shares of the technology company’s stock valued at $160,549,000 after buying an additional 604,112 shares in the last quarter. BlackRock Inc. grew its position in Verint Systems by 5.4% in the first quarter. BlackRock Inc. now owns 5,286,849 shares of the technology company’s stock valued at $196,882,000 after acquiring an additional 270,971 shares during the period. Goldman Sachs Group Inc. raised its stake in Verint Systems by 34.8% during the second quarter. Goldman Sachs Group Inc. now owns 936,664 shares of the technology company’s stock worth $39,668,000 after acquiring an additional 242,014 shares in the last quarter. Finally, Bank of Montreal Can bought a new position in shares of Verint Systems during the second quarter valued at $8,843,000.
Verint Systems Company Profile (Get Free Report)
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; Knowledge Management, which enables humans and bots to deliver service with tools.
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Original: MarketBeat News Feed: Verint Systems (NASDAQ:VRNT) Raised to Buy at StockNews.com