Stock Traders Buy Large Volume of Call Options on Verint Systems (NASDAQ:VRNT)

Key Points

• Traders significantly increased their activity in Verint Systems by purchasing 10,768 call options, a 454% increase from the average daily volume.
• Analysts maintain a "Moderate Buy" consensus rating for Verint Systems, with a price target averaging $31.71, supported by multiple upgrades from firms like Needham & Company and Cowen.
• Despite trading up 0.9% to $21.14, Verint reported a loss of $0.12 per share in its last earnings, falling short of estimates and showing a 6% decline in revenue year-over-year.

Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) saw some unusual options trading activity on Wednesday. Traders bought 10,768 call options on the company. Thisisanincreaseofapproximately454% compared to the typical volume of 1,942 call options.

Wall Street Analyst Weigh In

Several analysts recently issued reports on VRNT shares. Wedbush reiterated an "outperform" rating and issued a $30.00 price target on shares of Verint Systems in a report on Wednesday, June 4th. Rosenblatt Securities initiated coverage on Verint Systems in a research note on Friday, July 18th. They issued a "buy" rating and a $40.00 target price for the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $30.00 price objective on shares of Verint Systems in a research report on Thursday, June 5th. Finally, Cowen reaffirmed a "buy" rating on shares of Verint Systems in a research report on Wednesday, June 4th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.71.

Hedge Funds Weigh In On Verint Systems

Large investors have recently bought and sold shares of the stock. Strs Ohio acquired a new position in shares of Verint Systems in the first quarter valued at $29,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Verint Systems by 2,180.6% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,642 shares of the technology company's stock valued at $32,000 after buying an additional 1,570 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Verint Systems in the 1st quarter valued at $40,000. Parkside Financial Bank & Trust raised its stake in shares of Verint Systems by 30.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,606 shares of the technology company's stock valued at $51,000 after buying an additional 613 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Verint Systems in the 4th quarter valued at $52,000. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Verint Systems Price Performance

VRNT traded up $0.14 on Friday, hitting $21.01. The company had a trading volume of 691,461 shares, compared to its average volume of 1,000,083. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 25.62, a price-to-earnings-growth ratio of 0.84 and a beta of 1.46. Verint Systems has a 1-year low of $14.15 and a 1-year high of $34.80. The company's fifty day moving average price is $19.85 and its 200 day moving average price is $20.15.

Verint Systems (NASDAQ:VRNT - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.12). Verint Systems had a return on equity of 12.35% and a net margin of 7.66%. The business had revenue of $173.62 million for the quarter, compared to analyst estimates of $194.61 million. During the same period in the prior year, the firm posted $0.59 EPS. Verint Systems's revenue for the quarter was down 6.0% on a year-over-year basis. On average, sell-side analysts forecast that Verint Systems will post 1.92 EPS for the current year.

About Verint Systems

Verint Systems Inc provides customer engagement solutions worldwide. It offers forecasting and scheduling, channels and routing, knowledge management, fraud and security solutions, quality and compliance, analytics and insights, real-time assistance, self-services, financial compliance, and voice pf the consumer solutions.