Verint Systems (NASDAQ:VRNT) Downgraded by Zacks Investment Research to “Hold”

Verint Systems (NASDAQ:VRNT) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday, Zacks.com reports.

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. “

Other equities research analysts have also issued research reports about the stock. Oppenheimer boosted their price target on shares of Verint Systems from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. ValuEngine lowered shares of Verint Systems from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Wedbush reissued an “outperform” rating and issued a $70.00 price target (up previously from $63.00) on shares of Verint Systems in a report on Tuesday, May 21st. Imperial Capital boosted their price target on shares of Verint Systems from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Finally, BidaskClub lowered shares of Verint Systems from a “buy” rating to a “hold” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Verint Systems has an average rating of “Buy” and a consensus target price of $67.00.

Verint Systems stock traded down $0.38 on Thursday, hitting $54.14. The company’s stock had a trading volume of 3,943 shares, compared to its average volume of 429,487. The firm has a market cap of $3.57 billion, a P/E ratio of 23.34, a price-to-earnings-growth ratio of 1.68 and a beta of 1.03. The company has a quick ratio of 1.45, a current ratio of 1.50 and a debt-to-equity ratio of 0.68. The company has a fifty day moving average price of $55.57 and a 200-day moving average price of $56.19. Verint Systems has a one year low of $39.96 and a one year high of $63.94.

Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings results on Wednesday, May 29th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.10. The firm had revenue of $324.16 million for the quarter, compared to analyst estimates of $317.97 million. Verint Systems had a net margin of 5.56% and a return on equity of 13.60%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 EPS. Analysts anticipate that Verint Systems will post 2.68 EPS for the current year.

In other news, insider Elan Moriah sold 1,825 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $55.28, for a total value of $100,886.00. Following the sale, the insider now owns 92,905 shares of the company’s stock, valued at approximately $5,135,788.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Douglas Robinson sold 3,096 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $55.19, for a total transaction of $170,868.24. Following the completion of the sale, the chief financial officer now directly owns 179,769 shares in the company, valued at approximately $9,921,451.11. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,959 shares of company stock worth $2,014,527. 1.40% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. grew its holdings in Verint Systems by 14.6% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,565 shares of the technology company’s stock worth $84,000 after acquiring an additional 199 shares during the last quarter. Rhumbline Advisers grew its holdings in Verint Systems by 0.4% during the 1st quarter. Rhumbline Advisers now owns 96,124 shares of the technology company’s stock worth $5,754,000 after acquiring an additional 342 shares during the last quarter. California Public Employees Retirement System grew its holdings in Verint Systems by 0.4% during the 1st quarter. California Public Employees Retirement System now owns 100,843 shares of the technology company’s stock worth $6,036,000 after acquiring an additional 413 shares during the last quarter. Creative Planning grew its holdings in Verint Systems by 5.3% during the 2nd quarter. Creative Planning now owns 8,413 shares of the technology company’s stock worth $452,000 after acquiring an additional 420 shares during the last quarter. Finally, Investors Research Corp bought a new stake in Verint Systems during the 1st quarter worth about $30,000. 97.12% of the stock is currently owned by institutional investors and hedge funds.

About Verint Systems

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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Analyst Recommendations for Verint Systems (NASDAQ:VRNT)

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