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.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, March 27th. The technology company reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.08. Verint Systems had a return on equity of 12.77% and a net margin of 5.37%. The firm had revenue of $330.20 million during the quarter, compared to the consensus estimate of $332.54 million. During the same quarter last year, the company posted $1.05 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities analysts forecast that Verint Systems Inc. will post 2.75 EPS for the current year.

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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