Verint Systems (NASDAQ:VRNT) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Wednesday, December 27th.
Several other research firms also recently commented on VRNT. Oppenheimer reissued a “buy” rating and issued a $49.00 target price on shares of Verint Systems in a report on Thursday, December 7th. Zacks Investment Research raised Verint Systems from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Saturday, December 23rd. Finally, Deutsche Bank upped their price target on Verint Systems from $42.00 to $44.00 and gave the company a “hold” rating in a report on Thursday, September 7th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $47.50.
Shares of Verint Systems (VRNT) traded up $0.85 during mid-day trading on Wednesday, reaching $42.90. The company had a trading volume of 322,608 shares, compared to its average volume of 267,138. The stock has a market capitalization of $2,740.00, a PE ratio of -171.60, a price-to-earnings-growth ratio of 2.31 and a beta of 1.26. Verint Systems has a 12 month low of $35.90 and a 12 month high of $44.70. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.63 and a current ratio of 1.67.
Verint Systems (NASDAQ:VRNT) last released its earnings results on Wednesday, December 6th. The technology company reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.32. Verint Systems had a positive return on equity of 9.90% and a negative net margin of 1.41%. The business had revenue of $280.70 million for the quarter, compared to the consensus estimate of $282.01 million. During the same period in the previous year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. equities research analysts predict that Verint Systems will post 1.82 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of VRNT. Aperio Group LLC purchased a new stake in Verint Systems during the second quarter valued at $235,000. Russell Investments Group Ltd. increased its position in Verint Systems by 9,688.6% during the second quarter. Russell Investments Group Ltd. now owns 49,139 shares of the technology company’s stock valued at $2,000,000 after acquiring an additional 48,637 shares during the last quarter. Strs Ohio increased its position in Verint Systems by 9.5% during the second quarter. Strs Ohio now owns 4,600 shares of the technology company’s stock valued at $187,000 after acquiring an additional 400 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Verint Systems by 7.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 332,903 shares of the technology company’s stock valued at $13,550,000 after acquiring an additional 24,321 shares during the last quarter. Finally, Legal & General Group Plc increased its position in Verint Systems by 3.7% during the second quarter. Legal & General Group Plc now owns 22,118 shares of the technology company’s stock valued at $898,000 after acquiring an additional 797 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.
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Verint Systems Company Profile
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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