Verint Systems (VRNT) Issues Quarterly Earnings Results

Verint Systems (NASDAQ:VRNT) issued its quarterly earnings data on Thursday. The technology company reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.14, MarketWatch Earnings reports. Verint Systems had a return on equity of 11.69% and a net margin of 3.29%. The company had revenue of $307.99 million for the quarter, compared to analysts’ expectations of $305.38 million. During the same period in the previous year, the firm posted $0.66 earnings per share. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis.

VRNT opened at $45.83 on Friday. The company has a market cap of $2.81 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 1.95 and a beta of 1.09. Verint Systems has a one year low of $37.10 and a one year high of $52.45. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 0.65.

In other news, insider Peter Fante sold 6,603 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $49.65, for a total transaction of $327,838.95. Following the transaction, the insider now owns 135,552 shares of the company’s stock, valued at $6,730,156.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Douglas Robinson sold 1,875 shares of the business’s stock in a transaction that occurred on Tuesday, September 25th. The shares were sold at an average price of $49.13, for a total value of $92,118.75. Following the completion of the sale, the chief financial officer now owns 176,067 shares of the company’s stock, valued at approximately $8,650,171.71. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 107,501 shares of company stock worth $5,239,269. Insiders own 1.40% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mesirow Financial Investment Management Equity Management purchased a new stake in shares of Verint Systems in the third quarter valued at approximately $12,237,000. Sun Life Financial INC purchased a new stake in shares of Verint Systems in the second quarter valued at approximately $205,000. California Public Employees Retirement System boosted its holdings in shares of Verint Systems by 11.4% in the second quarter. California Public Employees Retirement System now owns 142,944 shares of the technology company’s stock valued at $6,340,000 after purchasing an additional 14,658 shares during the period. United Services Automobile Association boosted its holdings in shares of Verint Systems by 45.8% in the second quarter. United Services Automobile Association now owns 51,391 shares of the technology company’s stock valued at $2,279,000 after purchasing an additional 16,155 shares during the period. Finally, Copper Rock Capital Partners LLC boosted its holdings in shares of Verint Systems by 0.7% in the third quarter. Copper Rock Capital Partners LLC now owns 506,577 shares of the technology company’s stock valued at $25,177,000 after purchasing an additional 3,643 shares during the period. Hedge funds and other institutional investors own 95.21% of the company’s stock.

VRNT has been the topic of several analyst reports. Wedbush reissued a “buy” rating and set a $58.00 price objective on shares of Verint Systems in a research note on Thursday. Royal Bank of Canada upped their target price on Verint Systems to $58.00 and gave the company an “outperform” rating in a research note on Thursday, September 6th. Oppenheimer upped their target price on Verint Systems from $49.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, September 6th. TheStreet raised Verint Systems from a “c” rating to a “b-” rating in a research note on Thursday, September 13th. Finally, ValuEngine cut Verint Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, September 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $54.92.

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About Verint Systems

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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Earnings History for Verint Systems (NASDAQ:VRNT)

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