Verint Systems Inc. (NASDAQ:VRNT)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $63.94 and last traded at $62.19, with a volume of 18487 shares trading hands. The stock had previously closed at $63.81.
Several equities analysts have issued reports on the stock. Jefferies Financial Group upped their target price on shares of Verint Systems from $66.00 to $72.00 and gave the company a “positive” rating in a research note on Thursday, April 11th. BidaskClub upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research note on Saturday, March 30th. Imperial Capital upped their target price on shares of Verint Systems from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, March 29th. Oppenheimer upped their target price on shares of Verint Systems from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Finally, Wedbush upped their target price on shares of Verint Systems from $58.00 to $63.00 and gave the company a “hold” rating in a research note on Thursday, March 28th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $62.57.
The stock has a market cap of $4.04 billion, a P/E ratio of 26.59, a PEG ratio of 2.05 and a beta of 1.20. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.62.
Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Wednesday, March 27th. The technology company reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.08. Verint Systems had a net margin of 5.37% and a return on equity of 12.77%. The firm had revenue of $330.20 million during the quarter, compared to analyst estimates of $332.54 million. During the same quarter in the prior year, the firm earned $1.05 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, analysts predict that Verint Systems Inc. will post 2.75 earnings per share for the current year.
In related news, CFO Douglas Robinson sold 3,757 shares of the stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $62.86, for a total value of $236,165.02. Following the completion of the sale, the chief financial officer now directly owns 170,878 shares of the company’s stock, valued at approximately $10,741,391.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Elan Moriah sold 5,514 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $63.20, for a total transaction of $348,484.80. Following the completion of the sale, the insider now directly owns 82,108 shares of the company’s stock, valued at $5,189,225.60. The disclosure for this sale can be found here. Insiders have sold a total of 107,724 shares of company stock valued at $6,756,296 in the last ninety days. Insiders own 1.40% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. First Hawaiian Bank increased its holdings in Verint Systems by 56.6% in the 4th quarter. First Hawaiian Bank now owns 1,146 shares of the technology company’s stock worth $48,000 after acquiring an additional 414 shares in the last quarter. Bray Capital Advisors increased its holdings in Verint Systems by 26.2% in the 4th quarter. Bray Capital Advisors now owns 7,235 shares of the technology company’s stock worth $306,000 after acquiring an additional 1,500 shares in the last quarter. Gotham Asset Management LLC increased its holdings in Verint Systems by 382.7% in the 4th quarter. Gotham Asset Management LLC now owns 76,579 shares of the technology company’s stock worth $3,240,000 after acquiring an additional 60,713 shares in the last quarter. Campbell Newman Asset Management Inc. increased its holdings in Verint Systems by 11.6% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 7,883 shares of the technology company’s stock worth $334,000 after acquiring an additional 819 shares in the last quarter. Finally, Convergence Investment Partners LLC purchased a new stake in Verint Systems during the 4th quarter valued at approximately $2,114,000. 95.13% of the stock is owned by institutional investors.
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Verint Systems Company Profile (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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