Stock analysts at StockNews.com started coverage on shares of Verint Systems (NASDAQ:VRNT – Get Free Report) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the technology company’s stock.
VRNT has been the subject of several other research reports. TheStreet downgraded Verint Systems from a “c-” rating to a “d+” rating in a research note on Wednesday, September 13th. Jefferies Financial Group cut their target price on Verint Systems from $40.00 to $25.00 in a research note on Friday, September 8th. TD Cowen dropped their price target on Verint Systems from $50.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, September 7th. Oppenheimer cut Verint Systems from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 7th. Finally, Royal Bank of Canada decreased their target price on Verint Systems from $46.00 to $38.00 and set an “outperform” rating for the company in a report on Thursday, September 7th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $42.00.
View Our Latest Stock Report on Verint Systems
Verint Systems Trading Down 2.7 %
Verint Systems (NASDAQ:VRNT – Get Free Report) last issued its earnings results on Wednesday, September 6th. The technology company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.09). The business had revenue of $210.20 million during the quarter, compared to the consensus estimate of $225.10 million. Verint Systems had a net margin of 1.61% and a return on equity of 15.48%. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period last year, the business posted $0.25 EPS. On average, equities research analysts forecast that Verint Systems will post 1.73 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, CEO Dan Bodner sold 29,230 shares of Verint Systems stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $38.33, for a total transaction of $1,120,385.90. Following the transaction, the chief executive officer now owns 1,041,474 shares in the company, valued at approximately $39,919,698.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, President Elan Moriah sold 2,270 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $24.94, for a total transaction of $56,613.80. Following the sale, the president now owns 99,250 shares of the company’s stock, valued at $2,475,295. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Dan Bodner sold 29,230 shares of the firm’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $38.33, for a total value of $1,120,385.90. Following the sale, the chief executive officer now owns 1,041,474 shares in the company, valued at $39,919,698.42. The disclosure for this sale can be found here. Insiders have sold a total of 69,998 shares of company stock valued at $2,367,772 in the last 90 days. 2.20% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in VRNT. Dark Forest Capital Management LP acquired a new position in Verint Systems in the 1st quarter worth about $35,000. Nisa Investment Advisors LLC lifted its position in shares of Verint Systems by 60.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,479 shares of the technology company’s stock worth $55,000 after acquiring an additional 560 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Verint Systems by 60.2% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,801 shares of the technology company’s stock worth $67,000 after buying an additional 677 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Verint Systems by 96.4% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,142 shares of the technology company’s stock worth $112,000 after buying an additional 1,542 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in shares of Verint Systems by 89.0% in the 2nd quarter. Lazard Asset Management LLC now owns 4,023 shares of the technology company’s stock valued at $141,000 after buying an additional 1,894 shares during the period.
About Verint Systems
Verint Systems Inc provides customer engagement solutions worldwide. It offers various applications for use in Forecasting and Scheduling, which understands the work needed to meet and exceed customer expectations; Quality and Compliance that uses automation and analytics for customer interactions for attended and self-service channels; Interaction Insights, which extracts insights from structured and unstructured customer interactions and activities; Real-Time Work that supports in-the-moment workforce activities; Engagement Channels, an application for messaging, social, chat, email, and interactive voice response; Conversational AI, an intelligent virtual assistant application to enable human-like conversations across every channel; Knowledge Management, which enables humans and bots to deliver service with tools.
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