Shares of Verint Systems Inc. (NASDAQ:VRNT) have been assigned an average recommendation of “Hold” from the eight analysts that are presently covering the firm. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $40.00.
A number of analysts have recently issued reports on the stock. Imperial Capital raised their target price on shares of Verint Systems from $40.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, September 9th. Zacks Investment Research cut shares of Verint Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, September 14th. JPMorgan Chase & Co. restated a “buy” rating on shares of Verint Systems in a research note on Tuesday, September 20th. Oppenheimer Holdings Inc. restated a “buy” rating and set a $49.00 target price on shares of Verint Systems in a research note on Wednesday, June 8th. Finally, Deutsche Bank AG raised their target price on shares of Verint Systems from $35.00 to $37.00 and gave the stock a “hold” rating in a research note on Thursday, September 8th.
In other Verint Systems news, Director Larry F. Myers sold 4,243 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $37.51, for a total value of $159,154.93. Following the transaction, the director now directly owns 8,778 shares of the company’s stock, valued at approximately $329,262.78. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.30% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC purchased a new position in Verint Systems during the first quarter valued at approximately $110,000. Pacer Advisors Inc. purchased a new position in Verint Systems during the second quarter valued at approximately $128,000. Mizuho Asset Management Co. Ltd. purchased a new position in Verint Systems during the second quarter valued at approximately $163,000. Strs Ohio raised its position in Verint Systems by 6.1% in the second quarter. Strs Ohio now owns 5,200 shares of the company’s stock valued at $172,000 after buying an additional 300 shares in the last quarter. Finally, Penserra Capital Management LLC raised its position in Verint Systems by 10.2% in the second quarter. Penserra Capital Management LLC now owns 5,181 shares of the company’s stock valued at $172,000 after buying an additional 479 shares in the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.
Verint Systems (NASDAQ:VRNT) opened at 37.55 on Tuesday. The firm’s market capitalization is $2.37 billion. Verint Systems has a 52-week low of $29.76 and a 52-week high of $49.70. The firm has a 50-day moving average of $36.08 and a 200-day moving average of $34.67.
Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings results on Wednesday, September 7th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The firm earned $264.20 million during the quarter. Verint Systems had a negative net margin of 0.38% and a positive return on equity of 10.61%. The business’s revenue was down 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 EPS. On average, equities research analysts forecast that Verint Systems will post $2.85 EPS for the current fiscal year.
Verint Systems Company Profile
Verint Systems Inc offers Actionable Intelligence solutions. The Company’s Actionable Intelligence solutions address Customer Engagement Optimization, Security Intelligence, and Fraud, Risk and Compliance. It offers services, such as strategic consulting, implementation services, training, maintenance and round the clock support, as well as a range of deployment models.
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