Verint Systems’ (VRNT) “Buy” Rating Reaffirmed at JPMorgan Chase & Co.
Other analysts have also issued reports about the company. Oppenheimer Holdings Inc. reiterated a buy rating and set a $49.00 price objective on shares of Verint Systems in a report on Wednesday, June 8th. Zacks Investment Research raised shares of Verint Systems from a sell rating to a hold rating in a research report on Wednesday, August 10th. Deutsche Bank AG increased their target price 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 reissued an outperform rating and set a $40.00 target price on shares of Verint Systems in a research report on Wednesday, June 15th. Finally, Credit Suisse Group AG reissued a sell rating and set a $32.00 target price on shares of Verint Systems in a research report on Wednesday, September 7th. 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. Verint Systems currently has an average rating of Hold and an average target price of $42.43.
Verint Systems (NASDAQ:VRNT) traded up 2.67% on Tuesday, hitting $38.13. The company had a trading volume of 360,188 shares. The firm’s 50 day moving average price is $35.72 and its 200 day moving average price is $34.58. Verint Systems has a 12-month low of $29.76 and a 12-month high of $49.70. The stock’s market cap is $2.41 billion.
Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings data 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 positive return on equity of 10.61% and a negative net margin of 0.38%. The business earned $264.20 million during the quarter. During the same quarter 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. Equities analysts predict that Verint Systems will post $2.85 earnings per share for the current fiscal year.
In other news, Director Larry F. Myers sold 4,243 shares of the firm’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $37.51, for a total value of $159,154.93. Following the sale, the director now directly owns 8,778 shares of the company’s stock, valued at $329,262.78. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.30% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the stock. Acrospire Investment Management LLC purchased a new stake in Verint Systems during the first quarter worth $110,000. Pacer Advisors Inc. purchased a new stake in Verint Systems during the second quarter worth $128,000. Mizuho Asset Management Co. Ltd. purchased 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 period. 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 period. 93.83% of the stock is currently owned by institutional investors.
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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