Verint Systems Inc. (NASDAQ:VRNT) – Research analysts at Wedbush increased their FY2020 EPS estimates for Verint Systems in a research note issued to investors on Tuesday, May 21st. Wedbush analyst D. Ives now forecasts that the technology company will earn $2.77 per share for the year, up from their previous estimate of $2.74. Wedbush currently has a “Outperform” rating and a $70.00 target price on the stock. Wedbush also issued estimates for Verint Systems’ Q1 2021 earnings at $0.47 EPS and FY2021 earnings at $3.30 EPS.
A number of other research analysts have also weighed in on the company. BidaskClub lowered Verint Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th. Oppenheimer raised their price objective on Verint Systems from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. TheStreet raised Verint Systems from a “c+” rating to a “b+” rating in a research report on Tuesday, February 19th. Imperial Capital raised their price objective on Verint Systems from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, March 29th. Finally, Jefferies Financial Group raised their price objective on Verint Systems from $53.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Verint Systems has an average rating of “Buy” and a consensus target price of $63.57.
Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings data on Wednesday, March 27th. The technology company reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.08. Verint Systems had a return on equity of 12.77% and a net margin of 5.37%. The company had revenue of $330.20 million during the quarter, compared to analyst estimates of $332.54 million. During the same quarter last year, the company earned $1.05 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Adalta Capital Management LLC bought a new stake in Verint Systems during the first quarter valued at about $278,000. BlueCrest Capital Management Ltd bought a new stake in Verint Systems during the first quarter valued at about $544,000. Metropolitan Life Insurance Co NY raised its holdings in Verint Systems by 6.8% during the first quarter. Metropolitan Life Insurance Co NY now owns 21,946 shares of the technology company’s stock valued at $406,000 after acquiring an additional 1,406 shares during the period. Macquarie Group Ltd. bought a new stake in Verint Systems during the first quarter valued at about $160,000. Finally, Jefferies Group LLC bought a new stake in Verint Systems during the first quarter valued at about $609,000. Institutional investors and hedge funds own 94.42% of the company’s stock.
In other Verint Systems news, insider Elan Moriah sold 11,559 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $62.46, for a total transaction of $721,975.14. Following the sale, the insider now directly owns 82,108 shares in the company, valued at approximately $5,128,465.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Douglas Robinson sold 3,757 shares of the stock in a transaction 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 sale, the chief financial officer now owns 170,878 shares in the company, valued at $10,741,391.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 107,724 shares of company stock worth $6,756,296. Company insiders own 1.40% of the company’s stock.
Verint Systems Company Profile
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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