Verint Systems (VRNT) Earns “Buy” Rating from Wedbush

Wedbush restated their buy rating on shares of Verint Systems (NASDAQ:VRNT) in a research note released on Thursday morning. Wedbush currently has a $58.00 price objective on the technology company’s stock.

Other research analysts have also recently issued research reports about the stock. TheStreet raised shares of Verint Systems from a c rating to a b- rating in a report on Thursday, September 13th. JPMorgan Chase & Co. raised their price target on shares of Verint Systems from $50.00 to $55.00 and gave the stock a buy rating in a report on Thursday, August 30th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Verint Systems from a strong-buy rating to a hold rating in a report on Thursday, August 9th. ValuEngine cut shares of Verint Systems from a buy rating to a hold rating in a report on Wednesday, September 12th. Finally, Oppenheimer raised their price target on shares of Verint Systems from $49.00 to $58.00 and gave the stock an outperform rating in a report on Thursday, September 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $54.92.

NASDAQ VRNT opened at $46.15 on Thursday. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 26.07, a P/E/G ratio of 1.95 and a beta of 1.09. Verint Systems has a 12-month low of $37.10 and a 12-month high of $52.45. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.57 and a quick ratio of 1.53.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Thursday, December 6th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.14. The business had revenue of $307.99 million during the quarter, compared to analysts’ expectations of $305.38 million. Verint Systems had a net margin of 3.29% and a return on equity of 11.69%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company posted $0.66 earnings per share. As a group, equities analysts anticipate that Verint Systems will post 2.22 earnings per share for the current year.

In related news, Director Richard N. Nottenburg sold 2,427 shares of the firm’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $48.40, for a total transaction of $117,466.80. Following the completion of the transaction, the director now owns 15,524 shares of the company’s stock, valued at $751,361.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dan Bodner sold 61,298 shares of the firm’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $48.66, for a total transaction of $2,982,760.68. Following the transaction, the chief executive officer now directly owns 663,615 shares of the company’s stock, valued at approximately $32,291,505.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 107,501 shares of company stock valued at $5,239,269. 1.40% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of VRNT. Principal Financial Group Inc. raised its holdings in shares of Verint Systems by 31.7% during the first quarter. Principal Financial Group Inc. now owns 8,878 shares of the technology company’s stock worth $378,000 after purchasing an additional 2,135 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Verint Systems by 13.3% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 25,700 shares of the technology company’s stock worth $1,140,000 after purchasing an additional 3,025 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Verint Systems by 29.6% during the second quarter. First Trust Advisors LP now owns 384,184 shares of the technology company’s stock worth $17,039,000 after purchasing an additional 87,663 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Verint Systems by 14.4% during the second quarter. Victory Capital Management Inc. now owns 1,194,545 shares of the technology company’s stock worth $52,978,000 after purchasing an additional 150,409 shares during the last quarter. Finally, Engineers Gate Manager LP raised its holdings in shares of Verint Systems by 40.0% during the second quarter. Engineers Gate Manager LP now owns 42,630 shares of the technology company’s stock worth $1,891,000 after purchasing an additional 12,176 shares during the last quarter. 95.21% of the stock is owned by hedge funds and other institutional investors.

About Verint Systems

Verint Systems Inc provides actionable intelligence solutions and value-added services worldwide. Its Customer Engagement Solutions segment provides automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, digital feedback, email engagement, employee desktop, enterprise feedback, financial compliance, full-time recording, gamification, identity analytics, internal communities, knowledge management, mobile workforce, performance management, robotic process automation, social analytics, speech and text analytics, virtual assistant, voice self-service, voice self-service fraud detection, Web/mobile self-service, work manager, and workforce management solutions.

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Analyst Recommendations for Verint Systems (NASDAQ:VRNT)

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