Verint Systems Inc. (NASDAQ:VRNT) shares traded down 9.3% on Thursday . The company traded as low as $54.56 and last traded at $55.49. 4,294,823 shares changed hands during trading, an increase of 707% from the average session volume of 532,465 shares. The stock had previously closed at $61.17.

A number of research analysts have recently weighed in on the company. Oppenheimer lifted their price target on Verint Systems from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday. BidaskClub upgraded Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Wedbush reiterated an “outperform” rating and set a $70.00 price target (up previously from $63.00) on shares of Verint Systems in a report on Tuesday. Jefferies Financial Group lifted their price target on Verint Systems from $66.00 to $72.00 and gave the company a “positive” rating in a report on Thursday, April 11th. Finally, JPMorgan Chase & Co. set a $63.00 price target on Verint Systems and gave the company an “overweight” rating in a report on Thursday, March 28th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $65.00.

The stock has a market cap of $3.65 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 2.02 and a beta of 1.18. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.62.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Wednesday, March 27th. The technology company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.08. The firm had revenue of $330.20 million during the quarter, compared to analysts’ expectations of $332.54 million. Verint Systems had a return on equity of 12.77% and a net margin of 5.37%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 earnings per share. As a group, equities research analysts anticipate that Verint Systems Inc. will post 2.76 earnings per share for the current fiscal year.

In related news, CEO Dan Bodner sold 48,545 shares of Verint Systems stock in a transaction on Monday, April 15th. The stock was sold at an average price of $62.46, for a total transaction of $3,032,120.70. Following the completion of the sale, the chief executive officer now owns 652,131 shares of the company’s stock, valued at $40,732,102.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Douglas Robinson sold 8,252 shares of Verint Systems stock in a transaction on Monday, April 15th. The shares were sold at an average price of $62.46, for a total value of $515,419.92. Following the sale, the chief financial officer now directly owns 169,078 shares of the company’s stock, valued at approximately $10,560,611.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 107,724 shares of company stock valued at $6,756,296. Insiders own 1.40% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Fisher Asset Management LLC lifted its position in shares of Verint Systems by 0.4% in the fourth quarter. Fisher Asset Management LLC now owns 2,081,912 shares of the technology company’s stock worth $88,086,000 after buying an additional 7,347 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Verint Systems by 58.9% in the fourth quarter. Victory Capital Management Inc. now owns 2,010,944 shares of the technology company’s stock worth $85,083,000 after buying an additional 745,179 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Verint Systems by 52.1% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,901,882 shares of the technology company’s stock worth $113,847,000 after buying an additional 651,314 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Verint Systems by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,550,919 shares of the technology company’s stock worth $92,836,000 after buying an additional 7,415 shares during the last quarter. Finally, American Capital Management Inc. lifted its position in shares of Verint Systems by 0.3% in the first quarter. American Capital Management Inc. now owns 1,517,959 shares of the technology company’s stock worth $90,865,000 after buying an additional 5,220 shares during the last quarter.

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Verint Systems Company Profile (NASDAQ:VRNT)

Verint Systems Inc provides actionable intelligence solutions worldwide. The company's Customer Engagement Solutions segment offers automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, and digital feedback solutions.

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