Verint Systems (VRNT) Hits New 52-Week High at $62.02
Verint Systems Inc. (NASDAQ:VRNT) shares reached a new 52-week high on Tuesday . The company traded as high as $62.02 and last traded at $61.97, with a volume of 22767 shares changing hands. The stock had previously closed at $61.32.
VRNT has been the topic of several analyst reports. BidaskClub upgraded Verint Systems from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th. Imperial Capital raised their price objective on shares of Verint Systems from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, March 29th. Oppenheimer boosted their price objective on shares of Verint Systems from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Wedbush upped their target price on shares of Verint Systems from $58.00 to $63.00 and gave the stock a “hold” rating in a report on Thursday, March 28th. Finally, JPMorgan Chase & Co. set a $63.00 target price on shares of Verint Systems and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $61.71.
The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 2.01 and a beta of 1.20. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.62.
In other Verint Systems news, CFO Douglas Robinson sold 1,432 shares of Verint Systems stock in a transaction that occurred on Tuesday, January 15th. The shares were sold at an average price of $44.82, for a total transaction of $64,182.24. Following the completion of the sale, the chief financial officer now directly owns 174,635 shares in the company, valued at $7,827,140.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.
Large investors have recently modified their holdings of the company. Enlightenment Research LLC bought a new stake in shares of Verint Systems during the 4th quarter worth $25,000. Quantamental Technologies LLC purchased a new stake in Verint Systems during the fourth quarter valued at about $28,000. First Hawaiian Bank lifted its stake in Verint Systems by 56.6% during the fourth quarter. First Hawaiian Bank now owns 1,146 shares of the technology company’s stock worth $48,000 after purchasing an additional 414 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in Verint Systems by 162.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,235 shares of the technology company’s stock worth $109,000 after buying an additional 1,385 shares during the last quarter. Finally, Psagot Investment House Ltd. lifted its holdings in shares of Verint Systems by 123.7% in the 4th quarter. Psagot Investment House Ltd. now owns 5,512 shares of the technology company’s stock worth $137,000 after acquiring an additional 3,048 shares during the last quarter. 95.29% of the stock is currently owned by hedge funds and other institutional investors.
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About Verint Systems (NASDAQ:VRNT)
Verint Systems Inc provides actionable intelligence solutions and value-added services worldwide. Its Customer Engagement Solutions segment provides automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, digital feedback, email engagement, employee desktop, enterprise feedback, financial compliance, full-time recording, gamification, identity analytics, internal communities, knowledge management, mobile workforce, performance management, robotic process automation, social analytics, speech and text analytics, virtual assistant, voice self-service, voice self-service fraud detection, Web/mobile self-service, work manager, and workforce management solutions.
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