Verint Systems Inc. (NASDAQ:VRNT) rose 0.8% during mid-day trading on Friday after Oppenheimer raised their price target on the stock from $49.00 to $58.00. Oppenheimer currently has an outperform rating on the stock. Verint Systems traded as high as $52.45 and last traded at $50.65. Approximately 16,339 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 252,724 shares. The stock had previously closed at $51.05.

A number of other research analysts have also weighed in on the company. BidaskClub raised Verint Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, July 11th. Zacks Investment Research raised Verint Systems from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Thursday, June 14th. Royal Bank of Canada increased their price target on Verint Systems to $58.00 and gave the stock an “outperform” rating in a research note on Thursday. ValuEngine raised Verint Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, July 10th. Finally, Imperial Capital increased their price target on Verint Systems from $47.00 to $49.50 and gave the stock an “outperform” rating in a research note on Thursday, May 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Verint Systems has an average rating of “Buy” and a consensus price target of $52.58.

Several institutional investors have recently modified their holdings of VRNT. Global X Management Co LLC purchased a new position in shares of Verint Systems in the 2nd quarter worth $166,000. Strs Ohio raised its position in shares of Verint Systems by 60.0% in the 2nd quarter. Strs Ohio now owns 4,000 shares of the technology company’s stock worth $177,000 after buying an additional 1,500 shares during the period. Sun Life Financial INC purchased a new position in shares of Verint Systems in the 2nd quarter worth $205,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Verint Systems in the 1st quarter worth $206,000. Finally, Virginia Retirement Systems ET AL purchased a new position in shares of Verint Systems in the 1st quarter worth $222,000. 96.02% of the stock is currently owned by institutional investors.

The company has a quick ratio of 1.50, a current ratio of 1.53 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 28.53, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08.

Verint Systems (NASDAQ:VRNT) last issued its earnings results on Wednesday, September 5th. The technology company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.14. The business had revenue of $306.30 million for the quarter, compared to analyst estimates of $295.84 million. Verint Systems had a return on equity of 11.86% and a net margin of 3.29%. The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the company posted $0.61 EPS. analysts predict that Verint Systems Inc. will post 2.25 EPS for the current year.

About Verint Systems (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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