Verint Systems (NASDAQ:VRNT) Reaches New 12-Month High at $55.11

Verint Systems Inc. (NASDAQ:VRNTGet Rating)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $55.11 and last traded at $55.11, with a volume of 3828 shares. The stock had previously closed at $54.07.

Several equities analysts have weighed in on VRNT shares. Royal Bank of Canada raised their price target on Verint Systems from $57.00 to $61.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 30th. TheStreet downgraded Verint Systems from a “b-” rating to a “c” rating in a research report on Tuesday, April 12th. Zacks Investment Research downgraded Verint Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, April 6th. StockNews.com downgraded Verint Systems from a “buy” rating to a “hold” rating in a research report on Friday, April 8th. Finally, The Goldman Sachs Group cut shares of Verint Systems from a “buy” rating to a “neutral” rating and set a $57.00 price target for the company. in a report on Tuesday, April 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $65.80.

The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.43. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of -794.03, a price-to-earnings-growth ratio of 2.34 and a beta of 0.86. The company’s 50-day moving average is $50.94 and its 200-day moving average is $49.90.

Verint Systems (NASDAQ:VRNTGet Rating) last posted its quarterly earnings results on Tuesday, March 29th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.02. The business had revenue of $234.17 million for the quarter, compared to analyst estimates of $231.77 million. Verint Systems had a net margin of 1.65% and a return on equity of 12.68%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the business posted $0.82 EPS. Equities research analysts forecast that Verint Systems Inc. will post 1.62 EPS for the current year.

In other news, CEO Dan Bodner sold 40,120 shares of Verint Systems stock in a transaction dated Thursday, April 7th. The shares were sold at an average price of $50.49, for a total transaction of $2,025,658.80. Following the completion of the transaction, the chief executive officer now directly owns 976,483 shares in the company, valued at $49,302,626.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard N. Nottenburg sold 3,576 shares of the business’s stock in a transaction that occurred on Friday, April 1st. The stock was sold at an average price of $52.12, for a total transaction of $186,381.12. Following the completion of the transaction, the director now directly owns 4,178 shares of the company’s stock, valued at approximately $217,757.36. The disclosure for this sale can be found here. Insiders have sold a total of 105,116 shares of company stock worth $5,354,750 in the last quarter. 1.90% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Verint Systems by 4.7% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 5,215,751 shares of the technology company’s stock valued at $273,879,000 after acquiring an additional 233,000 shares in the last quarter. Senvest Management LLC increased its stake in shares of Verint Systems by 278.2% in the 3rd quarter. Senvest Management LLC now owns 3,958,134 shares of the technology company’s stock worth $177,285,000 after acquiring an additional 2,911,539 shares during the last quarter. Baupost Group LLC MA increased its position in shares of Verint Systems by 6.4% during the 4th quarter. Baupost Group LLC MA now owns 3,754,965 shares of the technology company’s stock worth $197,173,000 after purchasing an additional 226,481 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Verint Systems by 4.8% during the 4th quarter. Victory Capital Management Inc. now owns 3,631,535 shares of the technology company’s stock worth $190,692,000 after purchasing an additional 166,411 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Verint Systems by 7.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,563,734 shares of the technology company’s stock worth $114,830,000 after purchasing an additional 187,001 shares during the last quarter.

Verint Systems Company Profile (NASDAQ:VRNT)

Verint Systems Inc provides customer engagement solutions worldwide. It offers various applications for use in Forecasting and Scheduling, which understands the work needed to meet and exceed customer expectations; Quality and Compliance that uses automation and analytics for customer interactions for attended and self-service channels; Interaction Insights, which extracts insights from structured and unstructured customer interactions and activities; Real-Time Work that supports in-the-moment workforce activities; Self-Service, which connects customers and employees with information, resources, and support; Case Management that helps employees to improve efficiency, time to resolution, compliance, and customer satisfaction; and Knowledge Management, which help agents to deliver stellar service with tools.

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