Verint Systems (NASDAQ:VRNT) Updates FY 2025 Earnings Guidance

Verint Systems (NASDAQ:VRNT) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 2.890-2.890 for the period, compared to the consensus earnings per share estimate of 2.840. The company issued revenue guidance of $911.4 million-$948.6 million, compared to the consensus revenue estimate of $951.8 million. Verint Systems also updated its FY25 guidance to $2.89 EPS.

Verint Systems Stock Performance

Shares of VRNT stock traded up $0.15 during midday trading on Wednesday, hitting $31.09. The company had a trading volume of 965,708 shares, compared to its average volume of 493,756. The company’s 50 day simple moving average is $30.61 and its 200 day simple moving average is $26.22. Verint Systems has a 52-week low of $18.41 and a 52-week high of $40.28. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 773.69, a PEG ratio of 1.31 and a beta of 1.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.36 and a quick ratio of 1.33.

Analyst Ratings Changes

VRNT has been the topic of several analyst reports. StockNews.com upgraded Verint Systems from a hold rating to a buy rating in a research note on Thursday, March 14th. Royal Bank of Canada reiterated an outperform rating and issued a $36.00 target price on shares of Verint Systems in a research note on Thursday, December 14th. Needham & Company LLC reiterated a buy rating and issued a $40.00 target price on shares of Verint Systems in a research note on Tuesday, January 16th. Finally, TheStreet upgraded Verint Systems from a d+ rating to a c- rating in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $35.20.

Insider Activity

In related news, CEO Dan Bodner sold 33,472 shares of Verint Systems stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $31.29, for a total transaction of $1,047,338.88. Following the completion of the transaction, the chief executive officer now directly owns 860,630 shares of the company’s stock, valued at $26,929,112.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Verint Systems

Hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC acquired a new position in Verint Systems during the first quarter worth $233,000. Vident Investment Advisory LLC purchased a new position in Verint Systems during the fourth quarter worth $222,000. Public Employees Retirement Association of Colorado increased its position in Verint Systems by 38.1% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 7,892 shares of the technology company’s stock worth $213,000 after buying an additional 2,176 shares in the last quarter. Royal Bank of Canada increased its position in Verint Systems by 149.5% during the third quarter. Royal Bank of Canada now owns 6,280 shares of the technology company’s stock worth $211,000 after buying an additional 3,763 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its position in Verint Systems by 14.5% during the first quarter. Great West Life Assurance Co. Can now owns 3,456 shares of the technology company’s stock worth $190,000 after buying an additional 438 shares in the last quarter. 94.95% of the stock is owned by institutional investors and hedge funds.

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.