BidaskClub Downgrades Verint Systems (NASDAQ:VRNT) to Hold

BidaskClub lowered shares of Verint Systems (NASDAQ:VRNT) from a buy rating to a hold rating in a research note published on Wednesday morning, BidAskClub reports.

Several other equities research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Verint Systems from a hold rating to a buy rating and set a $62.00 price target on the stock in a research note on Saturday, July 27th. Wedbush reiterated an outperform rating and set a $70.00 price target (up from $63.00) on shares of Verint Systems in a research note on Tuesday, May 21st. ValuEngine lowered shares of Verint Systems from a buy rating to a hold rating in a research note on Thursday, August 1st. Imperial Capital lifted their price target on shares of Verint Systems from $65.00 to $69.00 and gave the stock an outperform rating in a research note on Friday, May 31st. Finally, Oppenheimer lifted their price target on shares of Verint Systems from $65.00 to $75.00 and gave the stock an outperform rating in a research note on Thursday, May 23rd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $67.00.

Verint Systems stock opened at $52.75 on Wednesday. The stock has a market cap of $3.59 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 1.70 and a beta of 1.03. The company has a fifty day simple moving average of $55.51 and a 200-day simple moving average of $56.24. Verint Systems has a 12-month low of $39.96 and a 12-month high of $63.94. The company has a current ratio of 1.50, a quick ratio of 1.45 and a debt-to-equity ratio of 0.68.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Wednesday, May 29th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.10. Verint Systems had a net margin of 5.56% and a return on equity of 13.60%. The business had revenue of $324.16 million during the quarter, compared to analysts’ expectations of $317.97 million. During the same period in the previous year, the company earned $0.53 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, sell-side analysts forecast that Verint Systems will post 2.68 earnings per share for the current fiscal year.

In other Verint Systems news, CEO Dan Bodner sold 6,240 shares of Verint Systems stock in a transaction on Monday, June 17th. The shares were sold at an average price of $55.28, for a total value of $344,947.20. Following the transaction, the chief executive officer now directly owns 747,953 shares in the company, valued at $41,346,841.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Douglas Robinson sold 3,096 shares of Verint Systems stock in a transaction on Monday, July 15th. The shares were sold at an average price of $55.19, for a total transaction of $170,868.24. Following the completion of the transaction, the chief financial officer now owns 179,769 shares in the company, valued at $9,921,451.11. The disclosure for this sale can be found here. Insiders have sold a total of 35,959 shares of company stock worth $2,014,527 over the last quarter. 1.40% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ladenburg Thalmann Financial Services Inc. increased its stake in Verint Systems by 14.6% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,565 shares of the technology company’s stock valued at $84,000 after purchasing an additional 199 shares during the period. Rhumbline Advisers increased its stake in shares of Verint Systems by 0.4% during the first quarter. Rhumbline Advisers now owns 96,124 shares of the technology company’s stock worth $5,754,000 after acquiring an additional 342 shares during the period. California Public Employees Retirement System increased its stake in shares of Verint Systems by 0.4% during the first quarter. California Public Employees Retirement System now owns 100,843 shares of the technology company’s stock worth $6,036,000 after acquiring an additional 413 shares during the period. Creative Planning increased its stake in shares of Verint Systems by 5.3% during the second quarter. Creative Planning now owns 8,413 shares of the technology company’s stock worth $452,000 after acquiring an additional 420 shares during the period. Finally, Investors Research Corp acquired a new position in shares of Verint Systems during the first quarter worth about $30,000. Institutional investors own 97.12% 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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