Verint Systems Inc. (NASDAQ:VRNT) was the target of a significant decrease in short interest in the month of December. As of December 29th, there was short interest totalling 731,491 shares, a decrease of 46.6% from the December 15th total of 1,369,600 shares. Based on an average daily trading volume, of 325,951 shares, the short-interest ratio is currently 2.2 days. Approximately 1.2% of the company’s shares are short sold.

Shares of Verint Systems (NASDAQ:VRNT) opened at $43.05 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.63 and a current ratio of 1.67. The firm has a market cap of $2,745.77, a PE ratio of -172.20, a PEG ratio of 2.37 and a beta of 1.26. Verint Systems has a 1-year low of $35.90 and a 1-year high of $44.70.

Verint Systems (NASDAQ:VRNT) last posted its earnings results on Wednesday, December 6th. The technology company reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.32. The company had revenue of $280.70 million during the quarter, compared to analyst estimates of $282.01 million. Verint Systems had a negative net margin of 1.41% and a positive return on equity of 9.90%. Verint Systems’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 earnings per share. research analysts predict that Verint Systems will post 1.82 EPS for the current year.

Several analysts have issued reports on the stock. Oppenheimer restated a “buy” rating and set a $49.00 price target on shares of Verint Systems in a research report on Thursday, September 28th. BidaskClub upgraded shares of Verint Systems from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Finally, Zacks Investment Research upgraded shares of Verint Systems from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Saturday, December 23rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Verint Systems has a consensus rating of “Buy” and a consensus target price of $47.50.

Several institutional investors have recently bought and sold shares of VRNT. Schwab Charles Investment Management Inc. boosted its holdings in shares of Verint Systems by 7.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 332,903 shares of the technology company’s stock worth $13,550,000 after purchasing an additional 24,321 shares during the period. Legal & General Group Plc lifted its holdings in Verint Systems by 3.7% in the second quarter. Legal & General Group Plc now owns 22,118 shares of the technology company’s stock worth $898,000 after buying an additional 797 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in Verint Systems by 659.1% in the second quarter. BNP Paribas Arbitrage SA now owns 9,466 shares of the technology company’s stock worth $385,000 after buying an additional 8,219 shares during the period. Prudential Financial Inc. lifted its holdings in Verint Systems by 716.2% in the second quarter. Prudential Financial Inc. now owns 50,064 shares of the technology company’s stock worth $2,038,000 after buying an additional 43,930 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Verint Systems by 11.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,655 shares of the technology company’s stock worth $108,000 after buying an additional 263 shares during the period. Institutional investors own 93.31% of the company’s stock.

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Verint Systems Company Profile

Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.

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