Jefferies Financial Group assumed coverage on shares of Verint Systems (NASDAQ:VRNT) in a research report sent to investors on Thursday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $53.00 price target on the technology company’s stock.

Several other research firms have also commented on VRNT. TheStreet lowered Verint Systems from a b- rating to a c+ rating in a report on Thursday, January 3rd. Wedbush reaffirmed a buy rating and set a $58.00 target price on shares of Verint Systems in a report on Thursday, December 6th. ValuEngine lowered Verint Systems from a buy rating to a hold rating in a report on Wednesday, September 12th. Zacks Investment Research raised Verint Systems from a hold rating to a strong-buy rating and set a $52.00 price objective for the company in a report on Wednesday, December 12th. Finally, BidaskClub lowered Verint Systems from a hold rating to a sell rating in a report on Thursday, September 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $56.00.

Shares of NASDAQ:VRNT traded up $1.11 during trading on Thursday, hitting $45.42. 388,500 shares of the company traded hands, compared to its average volume of 470,350. The firm has a market capitalization of $2.87 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 1.94 and a beta of 1.00. Verint Systems has a one year low of $37.10 and a one year high of $52.45. The company has a current ratio of 1.65, a quick ratio of 1.61 and a debt-to-equity ratio of 0.64.

Verint Systems (NASDAQ:VRNT) last posted its earnings results on Thursday, December 6th. The technology company reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.14. The company had revenue of $307.99 million during the quarter, compared to analyst estimates of $305.38 million. Verint Systems had a return on equity of 12.47% and a net margin of 4.58%. The business’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.66 earnings per share. As a group, analysts predict that Verint Systems will post 2.27 EPS for the current fiscal year.

In related news, Director Richard N. Nottenburg sold 5,675 shares of the stock in a transaction that occurred on Wednesday, December 19th. The stock was sold at an average price of $46.13, for a total value of $261,787.75. Following the completion of the transaction, the director now directly owns 9,849 shares of the company’s stock, valued at approximately $454,334.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.40% of the company’s stock.

A number of hedge funds have recently modified their holdings of VRNT. Glenmede Trust Co. NA lifted its position in Verint Systems by 39.4% in the second quarter. Glenmede Trust Co. NA now owns 1,178,162 shares of the technology company’s stock worth $52,252,000 after purchasing an additional 333,068 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its position in Verint Systems by 56.2% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 778,568 shares of the technology company’s stock worth $39,006,000 after purchasing an additional 280,000 shares during the period. Global Alpha Capital Management Ltd. acquired a new stake in Verint Systems in the third quarter worth approximately $13,297,000. Mesirow Financial Investment Management Equity Management acquired a new stake in Verint Systems in the third quarter worth approximately $12,237,000. Finally, Eagle Asset Management Inc. acquired a new stake in Verint Systems in the third quarter worth approximately $11,367,000. 94.66% of the stock is owned by institutional investors and hedge funds.

Verint Systems Company Profile

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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Analyst Recommendations for Verint Systems (NASDAQ:VRNT)

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