Verint Systems (VRNT) Rating Increased to Buy at BidaskClub

BidaskClub upgraded shares of Verint Systems (NASDAQ:VRNT) from a hold rating to a buy rating in a research note published on Saturday, March 30th, BidAskClub reports.

A number of other research firms have also recently issued reports on VRNT. Wedbush restated a buy rating on shares of Verint Systems in a report on Monday, January 14th. Oppenheimer upped their price target on shares of Verint Systems from $60.00 to $65.00 and gave the company an outperform rating in a report on Thursday, March 28th. Jefferies Financial Group initiated coverage on shares of Verint Systems in a research note on Thursday, January 10th. They issued a buy rating and a $53.00 target price for the company. TheStreet upgraded shares of Verint Systems from a c+ rating to a b+ rating in a research note on Tuesday, February 19th. Finally, ValuEngine upgraded shares of Verint Systems from a hold rating to a buy rating in a research note on Thursday, January 17th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $62.57.

NASDAQ:VRNT traded up $0.38 during trading hours on Friday, hitting $60.59. 669,570 shares of the stock traded hands, compared to its average volume of 834,422. Verint Systems has a fifty-two week low of $39.96 and a fifty-two week high of $63.94. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.62. The company has a market cap of $3.96 billion, a P/E ratio of 26.12, a price-to-earnings-growth ratio of 2.00 and a beta of 1.20.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Wednesday, March 27th. The technology company reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.08. The business had revenue of $330.20 million for the quarter, compared to the consensus estimate of $332.54 million. Verint Systems had a net margin of 5.37% and a return on equity of 12.77%. Verint Systems’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.05 earnings per share. Equities research analysts anticipate that Verint Systems will post 2.75 earnings per share for the current year.

In related news, insider Elan Moriah sold 11,559 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $62.46, for a total value of $721,975.14. Following the sale, the insider now directly owns 82,108 shares of the company’s stock, valued at approximately $5,128,465.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dan Bodner sold 30,097 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $63.20, for a total transaction of $1,902,130.40. Following the completion of the sale, the chief executive officer now directly owns 652,131 shares in the company, valued at $41,214,679.20. The disclosure for this sale can be found here. In the last three months, insiders sold 107,724 shares of company stock valued at $6,756,296. 1.40% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. Enlightenment Research LLC acquired a new position in shares of Verint Systems during the 4th quarter worth about $25,000. Quantamental Technologies LLC acquired a new position in Verint Systems in the 4th quarter valued at about $28,000. First Hawaiian Bank grew its stake in Verint Systems by 56.6% in the 4th 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 acquired a new position in Verint Systems in the 1st quarter valued at about $60,000. Finally, DekaBank Deutsche Girozentrale grew its stake in Verint Systems by 162.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,235 shares of the technology company’s stock valued at $109,000 after buying an additional 1,385 shares during the last quarter. Hedge funds and other institutional investors own 95.13% of the company’s stock.

About Verint Systems

Verint Systems Inc provides actionable intelligence solutions worldwide. The company's Customer Engagement Solutions segment offers automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, and digital feedback solutions.

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Analyst Recommendations for Verint Systems (NASDAQ:VRNT)

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