Verint Systems Inc. (NASDAQ:VRNT) had its price target raised by JPMorgan Chase & Co. from $43.00 to $44.00 in a research report issued to clients and investors on Thursday. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 25.14% from the stock’s current price.
Several other equities research analysts also recently commented on VRNT. Oppenheimer Holdings Inc. restated 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 downgraded Verint Systems from a “hold” rating to a “sell” rating in a report on Tuesday, June 14th. Imperial Capital restated an “outperform” rating and set a $40.00 price objective on shares of Verint Systems in a report on Wednesday, June 15th. Finally, Credit Suisse Group AG restated a “sell” rating and set a $29.00 price objective on shares of Verint Systems in a report on Wednesday, May 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Verint Systems presently has a consensus rating of “Buy” and an average price target of $42.00.
Verint Systems (NASDAQ:VRNT) traded up 8.33% on Thursday, reaching $38.09. The company’s stock had a trading volume of 2,697,696 shares. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 3809.00 and a beta of 1.25. The firm has a 50 day moving average of $35.03 and a 200 day moving average of $34.50. Verint Systems has a 12 month low of $29.76 and a 12 month high of $49.70.
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Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Wednesday, September 7th. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The firm had revenue of $264.20 million for the quarter. The firm’s quarterly revenue was down 11.1% on a year-over-year basis. During the same period last year, the company posted $0.76 EPS. Analysts anticipate that Verint Systems will post $3.00 earnings per share for the current year.
In other news, CEO Dan Bodner sold 8,293 shares of the company’s stock in a transaction on Monday, June 20th. The stock was sold at an average price of $35.34, for a total transaction of $293,074.62. Following the transaction, the chief executive officer now owns 674,292 shares of the company’s stock, valued at approximately $23,829,479.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Peter Fante sold 1,323 shares of the company’s stock in a transaction on Monday, June 20th. The shares were sold at an average price of $35.34, for a total value of $46,754.82. Following the transaction, the insider now directly owns 38,191 shares in the company, valued at approximately $1,349,669.94. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.
Several hedge funds and institutional investors have recently modified their holdings of the stock. Acrospire Investment Management LLC purchased a new position in shares of Verint Systems during the first quarter worth approximately $110,000. Strs Ohio boosted its position in shares of 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 in the last quarter. Bayesian Capital Management LP purchased a new position in shares of Verint Systems during the first quarter worth approximately $203,000. UBS Group AG boosted its position in shares of Verint Systems by 9.7% in the first quarter. UBS Group AG now owns 13,169 shares of the company’s stock worth $439,000 after buying an additional 1,169 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Verint Systems by 13.4% in the first quarter. Legal & General Group Plc now owns 13,979 shares of the company’s stock worth $463,000 after buying an additional 1,647 shares in the last quarter. 97.12% of the stock is currently owned by hedge funds and other 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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