Zacks Investment Research lowered shares of Verint Systems Inc. (NASDAQ:VRNT) from a hold rating to a sell rating in a research report report published 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. “

Several other research analysts have also commented on VRNT. Imperial Capital raised their price target on shares of Verint Systems from $40.00 to $43.00 and gave the company an outperform rating in a report on Friday, September 9th. Oppenheimer Holdings Inc. restated an outperform rating and issued a $49.00 price target on shares of Verint Systems in a report on Thursday, September 8th. Deutsche Bank AG raised their price target on shares of Verint Systems from $35.00 to $37.00 and gave the company a hold rating in a report on Thursday, September 8th. JPMorgan Chase & Co. raised their price target on shares of Verint Systems from $43.00 to $44.00 and gave the company an overweight rating in a report on Thursday, September 8th. Finally, Credit Suisse Group AG restated a sell rating and issued a $32.00 price target on shares of Verint Systems in a report on Wednesday, September 7th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $42.43.

Verint Systems (NASDAQ:VRNT) opened at 36.76 on Wednesday. The firm’s market cap is $2.32 billion. The stock has a 50 day moving average of $35.66 and a 200 day moving average of $34.58. Verint Systems has a one year low of $29.76 and a one year high of $49.70.

Verint Systems (NASDAQ:VRNT) last released its earnings results on Wednesday, September 7th. The company reported $0.57 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the business posted $0.76 earnings per share. Verint Systems’s revenue was down 11.1% on a year-over-year basis. On average, equities analysts forecast that Verint Systems will post $2.85 earnings per share for the current year.

In other news, Director Larry F. Myers sold 4,243 shares of the firm’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 sale, the director now owns 8,778 shares of the company’s stock, valued at $329,262.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.30% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC bought a new stake in Verint Systems during the first quarter worth $110,000. Pacer Advisors Inc. bought a new stake in Verint Systems during the second quarter worth $128,000. Mizuho Asset Management Co. Ltd. bought a new stake in Verint Systems during the second quarter worth $163,000. Penserra Capital Management LLC increased its stake in Verint Systems by 10.2% in the second quarter. Penserra Capital Management LLC now owns 5,181 shares of the company’s stock worth $172,000 after buying an additional 479 shares during the last quarter. Finally, Strs Ohio increased its stake in Verint Systems by 6.1% in the second quarter. Strs Ohio now owns 5,200 shares of the company’s stock worth $172,000 after buying an additional 300 shares during the last quarter. 95.25% of the stock is owned by institutional investors and hedge funds.

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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