Verint Systems (VRNT) Sets New 52-Week High at $63.94

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Verint Systems Inc. (NASDAQ:VRNT) hit a new 52-week high on Monday . The stock traded as high as $63.94 and last traded at $62.19, with a volume of 18487 shares traded. The stock had previously closed at $63.81.

VRNT has been the topic of several analyst reports. TheStreet cut Verint Systems from a “b-” rating to a “c+” rating in a research note on Thursday, January 3rd. Jefferies Financial Group initiated coverage on Verint Systems in a research note on Thursday, January 10th. They set a “buy” rating and a $53.00 price objective on the stock. Wedbush reissued a “buy” rating on shares of Verint Systems in a research note on Monday, January 14th. ValuEngine raised Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, January 17th. Finally, BidaskClub raised Verint Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Verint Systems has an average rating of “Buy” and a consensus target price of $62.57.

The company has a debt-to-equity ratio of 0.62, a current ratio of 1.52 and a quick ratio of 1.48. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 2.09 and a beta of 1.20.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Wednesday, March 27th. The technology company reported $0.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.08. The company had revenue of $330.20 million for the quarter, compared to analysts’ expectations of $332.54 million. Verint Systems had a return on equity of 12.77% and a net margin of 5.37%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.05 earnings per share. On average, equities analysts anticipate that Verint Systems Inc. will post 2.75 EPS for the current fiscal year.

In other news, CFO Douglas Robinson sold 3,757 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $62.86, for a total transaction of $236,165.02. Following the transaction, the chief financial officer now owns 170,878 shares of the company’s stock, valued at $10,741,391.08. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.40% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in VRNT. Enlightenment Research LLC bought a new position in shares of Verint Systems during the fourth quarter valued at approximately $25,000. Quantamental Technologies LLC bought a new position in shares of Verint Systems during the fourth quarter valued at approximately $28,000. First Hawaiian Bank grew its stake in shares of Verint Systems by 56.6% during the fourth quarter. First Hawaiian Bank now owns 1,146 shares of the technology company’s stock valued at $48,000 after buying an additional 414 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of Verint Systems during the first quarter valued at approximately $60,000. Finally, Psagot Investment House Ltd. boosted its holdings in shares of Verint Systems by 123.7% in the fourth quarter. Psagot Investment House Ltd. now owns 5,512 shares of the technology company’s stock valued at $137,000 after purchasing an additional 3,048 shares during the period. 95.29% of the stock is currently owned by hedge funds and other institutional investors.

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About Verint Systems (NASDAQ:VRNT)

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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