Verint Systems (NASDAQ:VRNT)‘s stock had its “buy” rating reaffirmed by equities researchers at Wedbush in a research note issued on Thursday. They presently have a $58.00 target price on the technology company’s stock. Wedbush’s price target would indicate a potential upside of 28.83% from the company’s current price.

VRNT has been the subject of a number of other reports. JPMorgan Chase & Co. upped their price target on shares of Verint Systems from $50.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, August 30th. They noted that the move was a valuation call. BidaskClub lowered shares of Verint Systems from a “hold” rating to a “sell” rating in a report on Thursday, September 13th. Zacks Investment Research lowered shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 9th. ValuEngine lowered shares of Verint Systems from a “buy” rating to a “hold” rating in a report on Wednesday, September 12th. Finally, TheStreet upgraded shares of Verint Systems from a “c” rating to a “b-” rating in a report on Thursday, September 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $54.92.

NASDAQ:VRNT opened at $45.02 on Thursday. Verint Systems has a 52 week low of $37.10 and a 52 week high of $52.45. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.57 and a quick ratio of 1.53. The firm has a market cap of $2.81 billion, a P/E ratio of 25.44, a PEG ratio of 1.95 and a beta of 1.09.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Thursday, December 6th. The technology company reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.14. Verint Systems had a net margin of 3.29% and a return on equity of 11.69%. The company had revenue of $307.99 million during the quarter, compared to analyst estimates of $305.38 million. During the same period in the prior year, the business posted $0.66 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. Equities research analysts expect that Verint Systems will post 2.22 EPS for the current fiscal year.

In other Verint Systems news, CFO Douglas Robinson sold 1,875 shares of the business’s stock in a transaction on Tuesday, September 25th. The shares were sold at an average price of $49.13, for a total transaction of $92,118.75. Following the transaction, the chief financial officer now directly owns 176,067 shares of the company’s stock, valued at approximately $8,650,171.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Dan Bodner sold 61,298 shares of the business’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $48.66, for a total transaction of $2,982,760.68. Following the transaction, the chief executive officer now directly owns 663,615 shares in the company, valued at $32,291,505.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 107,501 shares of company stock worth $5,239,269. Insiders own 1.40% of the company’s stock.

A number of institutional investors have recently modified their holdings of VRNT. DekaBank Deutsche Girozentrale increased its position in Verint Systems by 162.9% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,235 shares of the technology company’s stock valued at $109,000 after purchasing an additional 1,385 shares during the period. Prospect Capital Advisors LLC purchased a new stake in shares of Verint Systems in the 3rd quarter worth about $150,000. Global X Management Co LLC purchased a new stake in shares of Verint Systems in the 2nd quarter worth about $166,000. Strs Ohio grew its position in shares of Verint Systems by 60.0% in the 2nd quarter. Strs Ohio now owns 4,000 shares of the technology company’s stock worth $177,000 after buying an additional 1,500 shares during the period. Finally, CAPROCK Group Inc. purchased a new stake in shares of Verint Systems in the 3rd quarter worth about $202,000. 95.21% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Verint Systems (NASDAQ:VRNT)

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