Zacks Investment Research lowered shares of Verint Systems Inc. (NASDAQ:VRNT) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.

According to Zacks, “Verint Systems Inc. is a leading provider of analytic solutions for communications interception, digital video security and surveillance, and enterprise business intelligence. “

Other analysts have also issued research reports about the stock. Oppenheimer Holdings Inc. reiterated a buy rating and issued a $49.00 target price on shares of Verint Systems in a research report on Wednesday, June 8th. Deutsche Bank AG boosted their price target on shares of Verint Systems from $35.00 to $37.00 and gave the stock a hold rating in a research report on Thursday, September 8th. Imperial Capital restated an outperform rating and set a $40.00 price target on shares of Verint Systems in a research report on Wednesday, June 15th. JPMorgan Chase & Co. boosted their price target on shares of Verint Systems from $43.00 to $44.00 and gave the stock an overweight rating in a research report on Thursday, September 8th. Finally, Credit Suisse Group AG restated a sell rating and set a $29.00 price target on shares of Verint Systems in a research report on Wednesday, May 25th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $42.43.

Verint Systems (NASDAQ:VRNT) opened at 36.76 on Wednesday. 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 $35.66 and a 200-day moving average of $34.58. The company’s market capitalization is $2.32 billion.

Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, September 7th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. Verint Systems had a negative net margin of 0.38% and a positive return on equity of 10.61%. The business had revenue of $264.20 million for the quarter. During the same quarter last year, the business earned $0.76 EPS. The firm’s revenue for the quarter was down 11.1% compared to the same quarter last year. Analysts anticipate that Verint Systems will post $2.85 EPS for the current fiscal year.

In other Verint Systems news, Director Larry F. Myers sold 4,243 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $37.51, for a total transaction of $159,154.93. Following the completion of the transaction, the director now owns 8,778 shares in the company, valued at approximately $329,262.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.30% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. bought a new position in shares of Verint Systems during the second quarter valued at about $46,074,000. Sirios Capital Management L P bought a new position in shares of Verint Systems during the second quarter valued at about $32,176,000. Jennison Associates LLC bought a new position in shares of Verint Systems during the second quarter valued at about $24,233,000. Renaissance Technologies LLC bought a new position in shares of Verint Systems during the first quarter valued at about $17,487,000. Finally, Clal Insurance Enterprises Holdings Ltd bought a new position in shares of Verint Systems during the second quarter valued at about $15,530,000. Institutional investors own 95.25% of the company’s stock.

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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