Verint Systems Inc. (NASDAQ:VRNT) gapped down before the market opened on Friday . The stock had previously closed at $53.48, but opened at $55.49. Verint Systems shares last traded at $55.62, with a volume of 332318 shares trading hands.

Several equities research analysts have issued reports on VRNT shares. TheStreet raised Verint Systems from a “c+” rating to a “b+” rating in a research note on Tuesday, February 19th. Imperial Capital upped their price target on Verint Systems from $58.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, March 29th. BidaskClub downgraded Verint Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Zacks Investment Research downgraded Verint Systems from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 16th. Finally, Wedbush upped their price target on Verint Systems from $58.00 to $63.00 and gave the stock a “hold” rating in a research note on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $65.00.

The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 24.13, a P/E/G ratio of 2.02 and a beta of 1.18.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Wednesday, March 27th. The technology company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.08. The business had revenue of $330.20 million for the quarter, compared to analysts’ expectations of $332.54 million. Verint Systems had a return on equity of 12.77% and a net margin of 5.37%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 EPS. On average, analysts forecast that Verint Systems Inc. will post 2.76 earnings per share for the current year.

In related news, insider Elan Moriah sold 5,514 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $63.20, for a total value of $348,484.80. Following the transaction, the insider now directly owns 82,108 shares of the company’s stock, valued at approximately $5,189,225.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Douglas Robinson sold 3,757 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $62.86, for a total value of $236,165.02. Following the completion of the transaction, the chief financial officer now directly owns 170,878 shares in the company, valued at $10,741,391.08. The disclosure for this sale can be found here. Insiders sold a total of 107,724 shares of company stock worth $6,756,296 over the last ninety days. 1.40% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Verint Systems during the fourth quarter valued at approximately $34,750,000. SQN Investors LP acquired a new stake in shares of Verint Systems in the first quarter valued at about $45,784,000. Victory Capital Management Inc. lifted its stake in shares of Verint Systems by 58.9% in the fourth quarter. Victory Capital Management Inc. now owns 2,010,944 shares of the technology company’s stock valued at $85,083,000 after purchasing an additional 745,179 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Verint Systems by 52.1% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,901,882 shares of the technology company’s stock valued at $113,847,000 after purchasing an additional 651,314 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its position in Verint Systems by 56.6% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 690,694 shares of the technology company’s stock worth $29,223,000 after acquiring an additional 249,617 shares during the last quarter.

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About Verint Systems (NASDAQ:VRNT)

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.

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