Verint Systems Inc. (VRNT) Rating Reiterated by JPMorgan Chase & Co.
Verint Systems Inc. (NASDAQ:VRNT)‘s stock had its “buy” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday.
Several other equities analysts have also recently issued reports on VRNT. Credit Suisse Group AG restated a “sell” rating and issued a $29.00 price target on shares of Verint Systems in a research report on Wednesday, May 25th. Oppenheimer Holdings Inc. reiterated a “buy” rating and set a $49.00 target price on shares of Verint Systems in a research report on Wednesday, June 8th. Zacks Investment Research cut Verint Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, June 14th. Imperial Capital reiterated an “outperform” rating and set a $40.00 target price on shares of Verint Systems in a research report on Wednesday, June 15th. Finally, Deutsche Bank AG boosted their target price on Verint Systems from $35.00 to $37.00 and gave the stock a “hold” rating in a research report on Thursday, September 8th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $42.43.
Verint Systems (NASDAQ:VRNT) traded up 2.45% during midday trading on Tuesday, hitting $38.05. The company had a trading volume of 356,162 shares. The stock’s 50-day moving average price is $35.72 and its 200-day moving average price is $34.58. Verint Systems has a 52-week low of $29.76 and a 52-week high of $49.70. The stock’s market cap is $2.40 billion.
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Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, September 7th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The firm had revenue of $264.20 million for the quarter. Verint Systems had a positive return on equity of 10.61% and a negative net margin of 0.38%. The business’s revenue was down 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 EPS. On average, equities research analysts expect that Verint Systems will post $2.85 EPS for the current fiscal year.
In other news, Director Larry F. Myers sold 4,243 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $37.51, for a total transaction of $159,154.93. Following the sale, the director now owns 8,778 shares of the company’s stock, valued at approximately $329,262.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.
A number of large investors have recently bought and sold shares of VRNT. Acrospire Investment Management LLC bought a new stake in Verint Systems during the first quarter worth about $110,000. Pacer Advisors Inc. bought a new stake in Verint Systems during the second quarter worth about $128,000. Mizuho Asset Management Co. Ltd. bought a new stake in Verint Systems during the second quarter worth about $163,000. Strs Ohio raised its stake in Verint Systems by 6.1% in the second quarter. Strs Ohio now owns 5,200 shares of the company’s stock worth $172,000 after buying an additional 300 shares during the last quarter. Finally, Penserra Capital Management LLC raised its stake in Verint Systems by 10.2% in the second quarter. Penserra Capital Management LLC now owns 5,181 shares of the company’s stock worth $172,000 after buying an additional 479 shares during the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.
Verint Systems Company Profile
Verint Systems Inc offers Actionable Intelligence solutions. The Company’s Actionable Intelligence solutions address Customer Engagement Optimization, Security Intelligence, and Fraud, Risk and Compliance. It offers services, such as strategic consulting, implementation services, training, maintenance and round the clock support, as well as a range of deployment models.
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