Verint Systems Inc. (VRNT) Short Interest Down 46.6% in December
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 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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