Verint Systems (NASDAQ:VRNT) Stock Rating Upgraded by Zacks Investment Research

Verint Systems (NASDAQ:VRNT) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks.com reports. The brokerage presently has a $52.00 price objective on the technology company’s stock. Zacks Investment Research‘s target price points to a potential upside of 12.60% from the company’s previous close.

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. “

Several other brokerages also recently issued reports on VRNT. Needham & Company LLC cut their price target on Verint Systems from $82.00 to $61.00 and set a “buy” rating for the company in a report on Wednesday, February 3rd. They noted that the move was a valuation call. The Goldman Sachs Group boosted their price objective on shares of Verint Systems from $66.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, January 8th. Royal Bank of Canada lowered their price objective on shares of Verint Systems from $65.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, April 1st. Wedbush dropped their price objective on shares of Verint Systems from $100.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday, February 3rd. They noted that the move was a valuation call. Finally, Oppenheimer reduced their price target on Verint Systems from $89.00 to $60.00 in a research report on Thursday, April 1st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $61.00.

Shares of NASDAQ VRNT opened at $46.18 on Thursday. The company’s 50 day simple moving average is $47.98 and its 200 day simple moving average is $55.57. The firm has a market capitalization of $3.04 billion, a P/E ratio of 192.42, a P/E/G ratio of 1.48 and a beta of 0.84. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.26 and a quick ratio of 1.24. Verint Systems has a fifty-two week low of $19.41 and a fifty-two week high of $52.70.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Tuesday, March 30th. The technology company reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.19. Verint Systems had a net margin of 1.51% and a return on equity of 13.19%. Sell-side analysts expect that Verint Systems will post 2.54 EPS for the current fiscal year.

In other Verint Systems news, CFO Douglas Robinson sold 1,000 shares of the business’s stock in a transaction on Monday, January 11th. The shares were sold at an average price of $68.20, for a total transaction of $68,200.00. Following the transaction, the chief financial officer now directly owns 196,315 shares of the company’s stock, valued at approximately $13,388,683. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of VRNT. Perigon Wealth Management LLC bought a new stake in shares of Verint Systems in the 4th quarter worth $25,000. Baillie Gifford & Co. bought a new stake in Verint Systems during the fourth quarter valued at about $25,000. Dimension Capital Management LLC bought a new stake in Verint Systems during the 3rd quarter worth approximately $39,000. HM Payson & Co. raised its holdings in Verint Systems by 171.4% during the third quarter. HM Payson & Co. now owns 1,900 shares of the technology company’s stock valued at $92,000 after acquiring an additional 1,200 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in Verint Systems by 24.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,505 shares of the technology company’s stock valued at $168,000 after acquiring an additional 500 shares during the last quarter. 95.94% of the stock is owned by hedge funds and other institutional investors.

Verint Systems Company Profile

Verint Systems Inc provides actionable intelligence solutions worldwide. It operates through Customer Engagement and Cyber Intelligence segments. The company offers Workforce Forecasting and Scheduling for management of workforce scheduling in contact centers, back office operations, and branches; Verint Mobile apps that deliver work-life balance ownership to employees and managers on-the-go; Knowledge Management solution for reduce training time, increase first call resolution, and improve customer satisfaction scores; Virtual Assistant, which provides automated and real-time support for the employee; Verint Real-Time Analytics that surfaces contextual guidance to an employee; Verint Robotic Process Automation solutions; and Verint Employee Desktop that unifies disparate applications on an employee's desktop.

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