Published On: Thu, Sep 8th, 2016

Verint Systems Inc. (VRNT) PT Raised to $37.00

Verint Systems Inc. (NASDAQ:VRNT) had its price target boosted by investment analysts at Deutsche Bank AG from $35.00 to $37.00 in a research report issued on Thursday. The firm presently has a “hold” rating on the stock. Deutsche Bank AG’s target price suggests a potential upside of 5.23% from the company’s previous close.
Several other brokerages also recently issued reports on VRNT. Oppenheimer Holdings Inc. reiterated a “buy” rating and set a $49.00 price target on shares of Verint Systems in a research report on Wednesday, June 8th. Credit Suisse Group AG reiterated a “sell” rating and set a $32.00 price target on shares of Verint Systems in a research report on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Verint Systems from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday. Imperial Capital reiterated an “outperform” rating and set a $40.00 price target on shares of Verint Systems in a research report on Wednesday, June 15th. Finally, Zacks Investment Research upgraded shares of Verint Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $42.00.
Verint Systems (NASDAQ:VRNT) traded up 8.48% during mid-day trading on Thursday, hitting $38.14. 2,695,735 shares of the company traded hands. Verint Systems has a one year low of $29.76 and a one year high of $49.70. The company’s 50-day moving average price is $35.03 and its 200 day moving average price is $34.50. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 3814.00 and a beta of 1.25.

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Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results 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. The company had revenue of $264.20 million for the quarter. The firm’s quarterly revenue was down 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 EPS. On average, analysts anticipate that Verint Systems will post $3.00 earnings per share for the current fiscal year.
In other news, insider Peter Fante sold 1,323 shares of the company’s stock in a transaction dated Monday, June 20th. The stock was sold at an average price of $35.34, for a total value of $46,754.82. Following the completion of the sale, the insider now directly owns 38,191 shares of the company’s stock, valued at approximately $1,349,669.94. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Dan Bodner sold 8,293 shares of the company’s stock in a transaction dated Monday, June 20th. The shares were sold at an average price of $35.34, for a total value of $293,074.62. Following the completion of the sale, the chief executive officer now directly owns 674,292 shares of the company’s stock, valued at $23,829,479.28. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
Other hedge funds recently made changes to their positions in the company. Apex Capital Management boosted its stake in shares of Verint Systems by 9.3% in the first quarter. Apex Capital Management now owns 906,856 shares of the company’s stock worth $30,271,000 after buying an additional 77,321 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Verint Systems during the first quarter worth approximately $17,487,000. Bayesian Capital Management LP bought a new stake in shares of Verint Systems during the first quarter worth approximately $203,000. Menora Mivtachim Holdings LTD. boosted its stake in shares of Verint Systems by 58.6% in the fourth quarter. Menora Mivtachim Holdings LTD. now owns 384,227 shares of the company’s stock worth $15,584,000 after buying an additional 142,000 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Verint Systems during the fourth quarter worth approximately $12,414,000. 97.12% of the stock is owned by institutional investors.
About Verint Systems
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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