Verint Systems (VRNT) Stock Rating Reaffirmed by Wedbush
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.
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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