Verint Systems (NASDAQ:VRNT) Rating Lowered to Hold at ValuEngine

Verint Systems (NASDAQ:VRNT) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, ValuEngine reports.

Several other brokerages have also recently issued reports on VRNT. Wedbush restated an “outperform” rating and set a $70.00 target price (up from $63.00) on shares of Verint Systems in a research report on Tuesday, May 21st. Imperial Capital increased their price objective on shares of Verint Systems from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Zacks Investment Research raised shares of Verint Systems from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research report on Saturday, July 27th. BidaskClub raised shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. Finally, Jefferies Financial Group increased their price objective on shares of Verint Systems from $66.00 to $72.00 and gave the stock a “positive” rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $67.00.

Shares of NASDAQ VRNT traded down $0.56 during mid-day trading on Thursday, hitting $56.21. 300,363 shares of the company’s stock traded hands, compared to its average volume of 387,019. The business has a 50-day moving average of $55.57. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.50 and a quick ratio of 1.45. The company has a market capitalization of $3.81 billion, a P/E ratio of 24.23, a P/E/G ratio of 1.79 and a beta of 1.03. Verint Systems has a 1 year low of $39.96 and a 1 year high of $63.94.

Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, May 29th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.10. The firm had revenue of $324.16 million for the quarter, compared to analysts’ expectations of $317.97 million. Verint Systems had a net margin of 5.56% and a return on equity of 13.60%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 EPS. On average, equities analysts expect that Verint Systems will post 2.69 EPS for the current fiscal year.

In related news, insider Elan Moriah sold 16,308 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $56.56, for a total value of $922,380.48. Following the sale, the insider now directly owns 103,210 shares of the company’s stock, valued at approximately $5,837,557.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard N. Nottenburg sold 5,076 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $56.01, for a total transaction of $284,306.76. Following the completion of the sale, the director now directly owns 6,163 shares in the company, valued at $345,189.63. The disclosure for this sale can be found here. Insiders sold a total of 35,959 shares of company stock worth $2,014,527 over the last three months. 1.40% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Verint Systems by 52.1% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,901,882 shares of the technology company’s stock worth $113,847,000 after acquiring an additional 651,314 shares during the period. American Capital Management Inc. increased its position in shares of Verint Systems by 0.3% during the first quarter. American Capital Management Inc. now owns 1,517,959 shares of the technology company’s stock worth $90,865,000 after acquiring an additional 5,220 shares during the period. Norges Bank purchased a new position in shares of Verint Systems during the fourth quarter worth approximately $34,750,000. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Verint Systems by 72.5% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 800,864 shares of the technology company’s stock worth $43,070,000 after acquiring an additional 336,520 shares during the period. Finally, SQN Investors LP purchased a new position in shares of Verint Systems during the first quarter worth approximately $45,784,000. 95.94% of the stock is currently owned by institutional investors and hedge funds.

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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