TheStreet Lowers Verint Systems (NASDAQ:VRNT) to C

Verint Systems (NASDAQ:VRNTGet Rating) was downgraded by TheStreet from a “b-” rating to a “c” rating in a research report issued on Tuesday, TheStreetRatingsTable reports.

A number of other research analysts have also recently commented on the company. The Goldman Sachs Group cut Verint Systems from a “buy” rating to a “neutral” rating and set a $57.00 target price on the stock. in a research note on Tuesday. Royal Bank of Canada raised their price objective on shares of Verint Systems from $57.00 to $61.00 and gave the stock an “outperform” rating in a report on Wednesday, March 30th. Zacks Investment Research lowered shares of Verint Systems from a “hold” rating to a “sell” rating in a report on Wednesday, April 6th. Finally, StockNews.com downgraded shares of Verint Systems from a “buy” rating to a “hold” rating in a research note on Friday, April 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $65.80.

Shares of NASDAQ VRNT opened at $52.88 on Tuesday. Verint Systems has a twelve month low of $41.46 and a twelve month high of $54.74. The stock’s 50 day moving average price is $50.89 and its 200-day moving average price is $49.66. The company has a market capitalization of $3.42 billion, a PE ratio of -755.32, a PEG ratio of 2.23 and a beta of 0.86. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.43.

Verint Systems (NASDAQ:VRNTGet Rating) last posted its quarterly earnings data on Tuesday, March 29th. The technology company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. The business had revenue of $234.17 million for the quarter, compared to the consensus estimate of $231.77 million. Verint Systems had a return on equity of 12.68% and a net margin of 1.65%. Verint Systems’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.82 earnings per share. As a group, research analysts expect that Verint Systems will post 1.62 EPS for the current fiscal year.

In other Verint Systems news, CEO Dan Bodner sold 12,392 shares of the stock in a transaction on Monday, April 11th. The shares were sold at an average price of $51.26, for a total transaction of $635,213.92. Following the transaction, the chief executive officer now directly owns 964,091 shares of the company’s stock, valued at $49,419,304.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard N. Nottenburg sold 3,576 shares of the firm’s stock in a transaction dated Friday, April 1st. The stock was sold at an average price of $52.12, for a total transaction of $186,381.12. The disclosure for this sale can be found here. Insiders have sold 101,452 shares of company stock valued at $5,160,411 in the last three months. 1.90% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the stock. Lannebo Fonder AB lifted its position in shares of Verint Systems by 8.5% during the 4th quarter. Lannebo Fonder AB now owns 64,000 shares of the technology company’s stock worth $3,361,000 after buying an additional 5,000 shares during the last quarter. Phocas Financial Corp. increased its stake in shares of Verint Systems by 82.7% during the third quarter. Phocas Financial Corp. now owns 150,427 shares of the technology company’s stock worth $6,738,000 after acquiring an additional 68,093 shares during the period. Martingale Asset Management L P grew its position in Verint Systems by 267.7% during the third quarter. Martingale Asset Management L P now owns 43,832 shares of the technology company’s stock worth $1,964,000 after buying an additional 31,912 shares during the period. Janney Montgomery Scott LLC grew its position in Verint Systems by 130.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 20,098 shares of the technology company’s stock worth $1,055,000 after buying an additional 11,390 shares during the period. Finally, Invesco Ltd. grew its position in shares of Verint Systems by 0.6% in the third quarter. Invesco Ltd. now owns 440,136 shares of the technology company’s stock valued at $19,713,000 after purchasing an additional 2,655 shares during the last quarter.

Verint Systems Company Profile (Get Rating)

Verint Systems Inc provides customer engagement solutions worldwide. It offers various applications for use in Forecasting and Scheduling, which understands the work needed to meet and exceed customer expectations; Quality and Compliance that uses automation and analytics for customer interactions for attended and self-service channels; Interaction Insights, which extracts insights from structured and unstructured customer interactions and activities; Real-Time Work that supports in-the-moment workforce activities; Self-Service, which connects customers and employees with information, resources, and support; Case Management that helps employees to improve efficiency, time to resolution, compliance, and customer satisfaction; and Knowledge Management, which help agents to deliver stellar service with tools.

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Analyst Recommendations for Verint Systems (NASDAQ:VRNT)

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