Verint Systems (NASDAQ:VRNT) announced its earnings results on Thursday. The technology company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.14, Briefing.com reports. The company had revenue of $307.99 million for the quarter, compared to analyst estimates of $305.38 million. Verint Systems had a return on equity of 11.69% and a net margin of 3.29%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 earnings per share.

Shares of Verint Systems stock traded up $1.06 during trading hours on Thursday, reaching $44.42. 406,617 shares of the company were exchanged, compared to its average volume of 290,147. Verint Systems has a 1 year low of $37.10 and a 1 year high of $52.45. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $2.81 billion, a P/E ratio of 25.09, a P/E/G ratio of 1.95 and a beta of 1.09.

In other news, insider Peter Fante sold 20,663 shares of the company’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $48.71, for a total transaction of $1,006,494.73. Following the sale, the insider now owns 45,001 shares of the company’s stock, valued at $2,191,998.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dan Bodner sold 61,298 shares of the company’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $48.66, for a total value of $2,982,760.68. Following the sale, the chief executive officer now directly owns 663,615 shares in the company, valued at approximately $32,291,505.90. The disclosure for this sale can be found here. Insiders have sold 107,501 shares of company stock worth $5,239,269 in the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale grew its stake in shares of Verint Systems by 162.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,235 shares of the technology company’s stock worth $109,000 after purchasing an additional 1,385 shares in the last quarter. Prospect Capital Advisors LLC acquired a new position in shares of Verint Systems during the third quarter worth $150,000. Global X Management Co LLC acquired a new position in shares of Verint Systems during the second quarter worth $166,000. Strs Ohio grew its stake in shares of Verint Systems by 60.0% during the second quarter. Strs Ohio now owns 4,000 shares of the technology company’s stock worth $177,000 after purchasing an additional 1,500 shares in the last quarter. Finally, CAPROCK Group Inc. acquired a new position in shares of Verint Systems during the third quarter worth $202,000. 95.21% of the stock is currently owned by institutional investors and hedge funds.

VRNT has been the topic of a number of research analyst reports. TheStreet raised Verint Systems from a “c” rating to a “b-” rating in a research report on Thursday, September 13th. Wedbush reissued a “buy” rating and issued a $58.00 target price on shares of Verint Systems in a research report on Friday, October 19th. JPMorgan Chase & Co. boosted their target price on Verint Systems from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. They noted that the move was a valuation call. Zacks Investment Research lowered Verint Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 9th. Finally, ValuEngine lowered Verint Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, September 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. Verint Systems currently has a consensus rating of “Buy” and an average price target of $54.92.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by Watch List News and is the property of of Watch List News. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://www.watchlistnews.com/verint-systems-vrnt-issues-earnings-results/2665204.html.

About Verint Systems

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.

Featured Article: What is a Futures Contract?

Earnings History for Verint Systems (NASDAQ:VRNT)

Receive News & Ratings for Verint Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verint Systems and related companies with MarketBeat.com's FREE daily email newsletter.