Q1 2023 EPS Estimates for Verint Systems Inc. (NASDAQ:VRNT) Decreased by Wedbush

Verint Systems Inc. (NASDAQ:VRNTGet Rating) – Wedbush decreased their Q1 2023 EPS estimates for shares of Verint Systems in a research note issued to investors on Wednesday, April 27th. Wedbush analyst D. Ives now forecasts that the technology company will earn $0.25 per share for the quarter, down from their previous estimate of $0.36. Wedbush also issued estimates for Verint Systems’ Q4 2023 earnings at $0.52 EPS and FY2024 earnings at $1.98 EPS.

Verint Systems (NASDAQ:VRNTGet Rating) last announced its quarterly earnings data on Tuesday, March 29th. The technology company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. The company had revenue of $234.17 million during the quarter, compared to the consensus estimate of $231.77 million. Verint Systems had a net margin of 1.65% and a return on equity of 12.68%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 EPS.

Several other analysts also recently issued reports on the stock. TheStreet downgraded shares of Verint Systems from a “b-” rating to a “c” rating in a research report on Tuesday, April 12th. StockNews.com downgraded shares of Verint Systems from a “buy” rating to a “hold” rating in a research report on Friday, April 8th. Royal Bank of Canada lifted 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. The Goldman Sachs Group downgraded shares of Verint Systems from a “buy” rating to a “neutral” rating and set a $57.00 price objective on the stock. in a report on Tuesday, April 12th. Finally, Zacks Investment Research downgraded shares of Verint Systems from a “hold” rating to a “sell” rating in a report on Wednesday, April 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $65.80.

NASDAQ VRNT opened at $53.89 on Thursday. The company has a fifty day simple moving average of $51.23 and a 200 day simple moving average of $50.30. Verint Systems has a 12-month low of $41.46 and a 12-month high of $56.39. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.43. The company has a market cap of $3.49 billion, a P/E ratio of -769.75, a PEG ratio of 2.44 and a beta of 0.86.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Mizuho Markets Americas LLC grew its holdings in shares of Verint Systems by 2.2% during the first quarter. Mizuho Markets Americas LLC now owns 204,682 shares of the technology company’s stock worth $10,582,000 after purchasing an additional 4,500 shares in the last quarter. Comerica Bank grew its holdings in shares of Verint Systems by 5.5% during the first quarter. Comerica Bank now owns 6,193 shares of the technology company’s stock worth $345,000 after purchasing an additional 323 shares in the last quarter. Campbell Newman Asset Management Inc. grew its holdings in shares of Verint Systems by 2.0% during the first quarter. Campbell Newman Asset Management Inc. now owns 23,402 shares of the technology company’s stock worth $1,210,000 after purchasing an additional 451 shares in the last quarter. AMI Asset Management Corp grew its holdings in shares of Verint Systems by 5.1% during the first quarter. AMI Asset Management Corp now owns 132,939 shares of the technology company’s stock worth $6,873,000 after purchasing an additional 6,503 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in Verint Systems by 3.0% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 7,454 shares of the technology company’s stock worth $385,000 after buying an additional 214 shares in the last quarter.

In related news, CFO Douglas Robinson sold 3,664 shares of the business’s stock in a transaction dated Thursday, April 14th. The stock was sold at an average price of $53.04, for a total value of $194,338.56. Following the sale, the chief financial officer now directly owns 213,863 shares in the company, valued at approximately $11,343,293.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director R Reid French, Jr. acquired 4,700 shares of the stock in a transaction that occurred on Wednesday, April 13th. The stock was purchased at an average price of $52.70 per share, for a total transaction of $247,690.00. Following the completion of the purchase, the director now directly owns 7,514 shares in the company, valued at approximately $395,987.80. The disclosure for this purchase can be found here. Insiders have sold a total of 105,116 shares of company stock worth $5,354,750 over the last quarter. Company insiders own 1.90% of the company’s stock.

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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