Verint Systems Inc. (NASDAQ:VRNT - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $18.33, but opened at $21.94. Verint Systems shares last traded at $19.61, with a volume of 1,454,308 shares traded.
Wall Street Analyst Weigh In
Several analysts have recently commented on VRNT shares. Royal Bank of Canada decreased their target price on Verint Systems from $36.00 to $29.00 and set an "outperform" rating for the company in a research report on Thursday, March 27th. Needham & Company LLC reaffirmed a "buy" rating and issued a $30.00 target price on shares of Verint Systems in a research report on Thursday. Evercore ISI decreased their target price on Verint Systems from $34.00 to $23.00 and set an "in-line" rating for the company in a research report on Thursday, March 27th. Wedbush reaffirmed an "outperform" rating and issued a $30.00 target price on shares of Verint Systems in a research report on Wednesday. Finally, Cowen reaffirmed a "buy" rating on shares of Verint Systems in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Verint Systems has an average rating of "Moderate Buy" and a consensus target price of $30.33.
Read Our Latest Stock Report on Verint Systems
Verint Systems Trading Up 1.7%
The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 0.97 and a beta of 1.41. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average of $17.13 and a 200-day moving average of $22.26.
Verint Systems (NASDAQ:VRNT - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.12). The firm had revenue of $173.62 million for the quarter, compared to analyst estimates of $194.61 million. Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. Verint Systems's revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 EPS. As a group, research analysts forecast that Verint Systems Inc. will post 1.92 earnings per share for the current year.
Insiders Place Their Bets
In other Verint Systems news, Director Stephen J. Gold sold 2,744 shares of the business's stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $16.07, for a total value of $44,096.08. Following the completion of the sale, the director now owns 28,473 shares of the company's stock, valued at $457,561.11. The trade was a 8.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Peter Fante sold 9,439 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $16.50, for a total value of $155,743.50. Following the completion of the sale, the insider now directly owns 20,450 shares of the company's stock, valued at $337,425. This represents a 31.58% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.
Institutional Trading of Verint Systems
Institutional investors and hedge funds have recently made changes to their positions in the stock. KBC Group NV lifted its position in shares of Verint Systems by 75.0% during the 4th quarter. KBC Group NV now owns 3,380 shares of the technology company's stock worth $93,000 after purchasing an additional 1,449 shares during the last quarter. Choreo LLC lifted its position in shares of Verint Systems by 29.5% during the 4th quarter. Choreo LLC now owns 18,500 shares of the technology company's stock worth $508,000 after purchasing an additional 4,209 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Verint Systems by 32.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 112,192 shares of the technology company's stock worth $3,065,000 after purchasing an additional 27,259 shares during the last quarter. New York State Teachers Retirement System acquired a new position in shares of Verint Systems during the 4th quarter worth about $154,000. Finally, Ieq Capital LLC acquired a new position in shares of Verint Systems during the 4th quarter worth about $618,000. Institutional investors and hedge funds own 94.95% of the company's stock.
About Verint Systems
(
Get Free Report)
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.
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