Verint Systems Inc. (NASDAQ:VRNT) – Analysts at Oppenheimer Holdings issued their FY2020 earnings estimates for Verint Systems in a report released on Thursday. Oppenheimer Holdings analyst S. Eyal anticipates that the technology company will post earnings of $2.62 per share for the year. Oppenheimer Holdings currently has a “Buy” rating and a $49.00 price target on the stock.
Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings data on Wednesday, September 6th. The technology company reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.14. Verint Systems had a positive return on equity of 9.90% and a negative net margin of 2.42%. The company had revenue of $278.20 million during the quarter, compared to the consensus estimate of $270.14 million. During the same quarter last year, the company earned $0.57 EPS. The company’s quarterly revenue was up 5.3% on a year-over-year basis.
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VRNT has been the topic of a number of other research reports. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $50.00 price target (up previously from $48.00) on shares of Verint Systems in a research report on Friday, June 9th. Royal Bank Of Canada reissued a “buy” rating and set a $48.00 price target on shares of Verint Systems in a research report on Tuesday, August 15th. Deutsche Bank AG increased their price target on Verint Systems from $42.00 to $44.00 and gave the stock a “hold” rating in a research report on Thursday, September 7th. Zacks Investment Research raised Verint Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, May 30th. Finally, Imperial Capital reissued an “in-line” rating and set a $47.00 price target (up previously from $45.00) on shares of Verint Systems in a research report on Friday, June 9th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $46.71.
Verint Systems (VRNT) traded up 0.25% during trading on Monday, hitting $40.75. The company had a trading volume of 341,281 shares. Verint Systems has a one year low of $33.40 and a one year high of $44.70. The stock has a 50-day moving average of $38.83 and a 200 day moving average of $39.91. The company’s market capitalization is $2.55 billion.
In related news, CFO Douglas Robinson sold 2,635 shares of the stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $40.86, for a total transaction of $107,666.10. Following the sale, the chief financial officer now owns 159,818 shares of the company’s stock, valued at $6,530,163.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard N. Nottenburg sold 3,846 shares of the stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $40.95, for a total value of $157,493.70. Following the sale, the director now directly owns 18,178 shares in the company, valued at approximately $744,389.10. The disclosure for this sale can be found here. Insiders have sold 9,584 shares of company stock worth $393,624 in the last three months. 1.20% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Swiss National Bank lifted its stake in Verint Systems by 3.4% during the first quarter. Swiss National Bank now owns 104,100 shares of the technology company’s stock worth $4,515,000 after purchasing an additional 3,400 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Verint Systems during the first quarter worth $331,000. Fisher Asset Management LLC lifted its stake in Verint Systems by 2.9% during the second quarter. Fisher Asset Management LLC now owns 2,127,041 shares of the technology company’s stock worth $86,571,000 after purchasing an additional 60,275 shares during the last quarter. Vista Equity Partners Management LLC bought a new stake in Verint Systems during the first quarter worth $15,743,000. Finally, Russell Investments Group Ltd. lifted its stake 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 worth $2,000,000 after purchasing an additional 48,637 shares during the last quarter. Hedge funds and other institutional investors own 94.65% of the company’s stock.
About Verint Systems
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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