Verint Systems (NASDAQ:VRNT) had its price objective boosted by Oppenheimer from $65.00 to $75.00 in a research note released on Thursday, The Fly reports. Oppenheimer currently has an outperform rating on the technology company’s stock.

Several other research firms have also issued reports on VRNT. Jefferies Financial Group increased their price target on shares of Verint Systems from $66.00 to $72.00 and gave the stock a positive rating in a research report on Thursday, April 11th. BidaskClub upgraded shares of Verint Systems from a hold rating to a buy rating in a research report on Thursday, May 9th. Wedbush reiterated an outperform rating and set a $70.00 price target (up previously from $63.00) on shares of Verint Systems in a research report on Tuesday. Imperial Capital increased their price target on shares of Verint Systems from $58.00 to $65.00 and gave the stock an outperform rating in a research report on Friday, March 29th. Finally, Zacks Investment Research lowered shares of Verint Systems from a strong-buy rating to a hold rating in a research report on Saturday, February 16th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of Buy and an average price target of $65.00.

NASDAQ VRNT opened at $55.49 on Thursday. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.62. The company has a market cap of $3.65 billion, a P/E ratio of 23.92, a PEG ratio of 2.02 and a beta of 1.18. Verint Systems has a 1 year low of $39.96 and a 1 year high of $63.94.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Wednesday, March 27th. The technology company reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.08. The business had revenue of $330.20 million for the quarter, compared to analyst estimates of $332.54 million. Verint Systems had a net margin of 5.37% and a return on equity of 12.77%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $1.05 EPS. Equities analysts expect that Verint Systems will post 2.76 EPS for the current year.

In related news, CEO Dan Bodner sold 30,097 shares of the stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $63.20, for a total value of $1,902,130.40. Following the completion of the transaction, the chief executive officer now owns 652,131 shares of the company’s stock, valued at approximately $41,214,679.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Douglas Robinson sold 8,252 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $62.46, for a total transaction of $515,419.92. Following the completion of the transaction, the chief financial officer now directly owns 169,078 shares of the company’s stock, valued at approximately $10,560,611.88. The disclosure for this sale can be found here. In the last three months, insiders sold 107,724 shares of company stock valued at $6,756,296. 1.40% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of the stock. Enlightenment Research LLC bought a new position in shares of Verint Systems during the fourth quarter valued at $25,000. Quantamental Technologies LLC bought a new position in shares of Verint Systems during the fourth quarter valued at $28,000. Investors Research Corp bought a new position in shares of Verint Systems during the first quarter valued at $30,000. First Hawaiian Bank raised its stake in shares of Verint Systems by 56.6% during the fourth quarter. First Hawaiian Bank now owns 1,146 shares of the technology company’s stock valued at $48,000 after acquiring an additional 414 shares during the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of Verint Systems during the first quarter valued at $60,000.

Verint Systems Company Profile

Verint Systems Inc provides actionable intelligence solutions worldwide. The company's Customer Engagement Solutions segment offers automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, and digital feedback solutions.

Further Reading: What are catch-up contributions?

The Fly

Analyst Recommendations 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.