Verint Systems (VRNT) – Investment Analysts’ Recent Ratings Changes

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A number of research firms have changed their ratings and price targets for Verint Systems (NASDAQ: VRNT):

  • 9/13/2018 – Verint Systems was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/13/2018 – Verint Systems was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating.
  • 9/12/2018 – Verint Systems was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/6/2018 – Verint Systems had its price target raised by analysts at Oppenheimer Holdings Inc. from $49.00 to $58.00. They now have an “outperform” rating on the stock.
  • 9/6/2018 – Verint Systems had its price target raised by analysts at Royal Bank of Canada to $58.00. They now have an “outperform” rating on the stock.
  • 8/30/2018 – Verint Systems had its price target raised by analysts at JPMorgan Chase & Co. from $50.00 to $55.00. They now have a “buy” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 8/9/2018 – 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. “
  • 8/2/2018 – Verint Systems was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/26/2018 – Verint Systems was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

VRNT traded up $0.45 during mid-day trading on Monday, reaching $48.85. 4,508 shares of the stock were exchanged, compared to its average volume of 510,248. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.57 and a quick ratio of 1.53. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 27.60, a P/E/G ratio of 2.17 and a beta of 1.08. Verint Systems Inc. has a 1 year low of $37.10 and a 1 year high of $52.45.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings data on Wednesday, September 5th. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.14. The firm had revenue of $306.30 million for the quarter, compared to the consensus estimate of $295.84 million. Verint Systems had a net margin of 3.29% and a return on equity of 11.69%. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 EPS. equities analysts anticipate that Verint Systems Inc. will post 2.23 EPS for the current year.

In other news, Director Richard N. Nottenburg sold 2,427 shares of Verint Systems stock in a transaction on Friday, September 14th. The stock was sold at an average price of $48.40, for a total transaction of $117,466.80. Following the sale, the director now directly owns 15,524 shares in the company, valued at approximately $751,361.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Peter Fante sold 6,603 shares of Verint Systems stock in a transaction on Monday, September 10th. The stock was sold at an average price of $49.65, for a total value of $327,838.95. Following the sale, the insider now owns 135,552 shares in the company, valued at $6,730,156.80. The disclosure for this sale can be found here. Insiders have sold a total of 105,626 shares of company stock worth $5,147,150 over the last ninety days. Insiders own 1.40% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sun Life Financial INC bought a new stake in Verint Systems in the 2nd quarter valued at about $205,000. US Bancorp DE raised its stake in Verint Systems by 9.1% in the 2nd quarter. US Bancorp DE now owns 47,068 shares of the technology company’s stock valued at $2,088,000 after acquiring an additional 3,907 shares during the period. Prescott Group Capital Management L.L.C. raised its stake in Verint Systems by 170.9% in the 2nd quarter. Prescott Group Capital Management L.L.C. now owns 38,042 shares of the technology company’s stock valued at $1,687,000 after acquiring an additional 24,000 shares during the period. Principal Financial Group Inc. raised its stake in Verint Systems by 31.7% in the 1st quarter. Principal Financial Group Inc. now owns 8,878 shares of the technology company’s stock valued at $378,000 after acquiring an additional 2,135 shares during the period. Finally, Swiss National Bank raised its stake in Verint Systems by 4.3% in the 1st quarter. Swiss National Bank now owns 111,400 shares of the technology company’s stock valued at $4,746,000 after acquiring an additional 4,600 shares during the period. Institutional investors own 94.68% 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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