Verint Systems (VRNT) Hits New 1-Year High at $52.50

Verint Systems Inc. (NASDAQ:VRNT)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $52.50 and last traded at $51.66, with a volume of 5758 shares. The stock had previously closed at $52.17.

VRNT has been the subject of a number of research reports. Zacks Investment Research upgraded Verint Systems from a “hold” rating to a “strong-buy” rating and set a $52.00 target price for the company in a report on Wednesday, December 12th. Jefferies Financial Group assumed coverage on Verint Systems in a report on Thursday, January 10th. They set a “buy” rating and a $53.00 target price for the company. Imperial Capital restated an “outperform” rating and issued a $58.00 price objective (up previously from $49.50) on shares of Verint Systems in a report on Tuesday, December 11th. BidaskClub upgraded Verint Systems from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Finally, ValuEngine upgraded Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, January 17th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $56.00.

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The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 29.60, a PEG ratio of 1.96 and a beta of 1.14. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.65 and a quick ratio of 1.61.

Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings data on Thursday, December 6th. The technology company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.14. The company had revenue of $307.99 million during the quarter, compared to analysts’ expectations of $305.38 million. Verint Systems had a return on equity of 12.47% and a net margin of 4.58%. Verint Systems’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 EPS. On average, equities analysts forecast that Verint Systems Inc. will post 2.26 earnings per share for the current year.

In related news, Director Richard N. Nottenburg sold 5,675 shares of Verint Systems stock in a transaction dated Wednesday, December 19th. The stock was sold at an average price of $46.13, for a total transaction of $261,787.75. Following the completion of the transaction, the director now owns 9,849 shares in the company, valued at $454,334.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Douglas Robinson sold 1,432 shares of Verint Systems stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $44.82, for a total value of $64,182.24. Following the transaction, the chief financial officer now owns 174,635 shares of the company’s stock, valued at approximately $7,827,140.70. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Enlightenment Research LLC bought a new position in Verint Systems during the fourth quarter worth about $25,000. Quantamental Technologies LLC bought a new position in Verint Systems during the fourth quarter worth about $28,000. First Hawaiian Bank grew its holdings in Verint Systems by 56.6% during the fourth quarter. First Hawaiian Bank now owns 1,146 shares of the technology company’s stock worth $48,000 after purchasing an additional 414 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in Verint Systems by 162.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,235 shares of the technology company’s stock worth $109,000 after purchasing an additional 1,385 shares during the period. Finally, First Quadrant L P CA bought a new position in Verint Systems during the fourth quarter worth about $138,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

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Verint Systems Company Profile (NASDAQ:VRNT)

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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