Verint Systems (NASDAQ:VRNT) Upgraded to “Buy” at Zacks Investment Research

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Zacks Investment Research upgraded shares of Verint Systems (NASDAQ:VRNT) from a hold rating to a buy rating in a research report report published on Saturday, Zacks.com reports. The firm currently has $61.00 price objective on the technology company’s stock.

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. “

VRNT has been the subject of a number of other research reports. BidaskClub cut shares of Xperi from a sell rating to a strong sell rating in a research note on Wednesday, June 19th. Wedbush reiterated a buy rating and issued a $24.00 price target on shares of Miragen Therapeutics in a research note on Tuesday, May 21st. JPMorgan Chase & Co. assumed coverage on shares of Bunge in a research note on Thursday, March 28th. They issued a neutral rating and a $67.00 price target for the company. Jefferies Financial Group cut shares of from a buy rating to a hold rating in a research note on Thursday, April 11th. Finally, Imperial Capital increased their price target on shares of Verint Systems from $65.00 to $69.00 and gave the company an outperform rating in a research note on Friday, May 31st. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $66.86.

Shares of VRNT opened at $55.09 on Friday. Verint Systems has a 12 month low of $39.96 and a 12 month high of $63.94. The stock’s fifty day simple moving average is $55.55. The firm has a market capitalization of $3.62 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 1.71 and a beta of 1.03. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.50 and a quick ratio of 1.45.

Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, May 29th. The technology company reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.10. The business had revenue of $324.16 million during the quarter, compared to analysts’ expectations of $317.97 million. Verint Systems had a net margin of 5.56% and a return on equity of 13.60%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 earnings per share. On average, equities research analysts predict that Verint Systems will post 2.69 EPS for the current year.

In related news, CFO Douglas Robinson sold 1,529 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $55.28, for a total transaction of $84,523.12. Following the transaction, the chief financial officer now directly owns 183,891 shares of the company’s stock, valued at $10,165,494.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Dan Bodner sold 48,545 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 652,131 shares in the company, valued at $40,732,102.26. The disclosure for this sale can be found here. Insiders sold 101,219 shares of company stock worth $6,113,175 over the last three months. Insiders own 1.40% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Investors Research Corp bought a new position in Verint Systems during the first quarter worth about $30,000. Truvestments Capital LLC bought a new position in Verint Systems during the first quarter worth about $60,000. Northwestern Mutual Wealth Management Co. increased its position in Verint Systems by 17,200.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,038 shares of the technology company’s stock worth $62,000 after acquiring an additional 1,032 shares during the period. Quadrant Capital Group LLC increased its position in Verint Systems by 179.5% during the first quarter. Quadrant Capital Group LLC now owns 1,311 shares of the technology company’s stock worth $78,000 after acquiring an additional 842 shares during the period. Finally, Psagot Investment House Ltd. increased its position in Verint Systems by 123.7% during the fourth quarter. Psagot Investment House Ltd. now owns 5,512 shares of the technology company’s stock worth $137,000 after acquiring an additional 3,048 shares during the period. 95.61% of the stock is currently owned by institutional investors and hedge funds.

Verint Systems Company Profile

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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