Deutsche Bank AG Boosts Verint Systems Inc. (VRNT) Price Target to $44.00
Verint Systems Inc. (NASDAQ:VRNT) had its target price boosted by equities researchers at Deutsche Bank AG from $42.00 to $44.00 in a research note issued to investors on Thursday. The firm currently has a “hold” rating on the technology company’s stock. Deutsche Bank AG’s target price would indicate a potential upside of 11.53% from the company’s previous close.
Several other brokerages also recently commented on VRNT. Zacks Investment Research downgraded shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 9th. Royal Bank Of Canada reiterated a “buy” rating and issued a $48.00 price objective on shares of Verint Systems in a research note on Tuesday, August 15th. Imperial Capital reiterated an “in-line” rating and issued a $47.00 price objective (up previously from $45.00) on shares of Verint Systems in a research note on Friday, June 9th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $50.00 price objective (up previously from $48.00) on shares of Verint Systems in a research note on Friday, June 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $44.88.
Verint Systems (NASDAQ:VRNT) traded up 2.6618% on Thursday, reaching $40.5001. The company’s stock had a trading volume of 711,955 shares. Verint Systems has a 12-month low of $33.40 and a 12-month high of $44.70. The firm has a 50-day moving average of $38.76 and a 200 day moving average of $39.86. The company’s market capitalization is $2.54 billion.
Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, September 6th. The technology company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.47 by $0.14. The business had revenue of $278.20 million during the quarter, compared to the consensus estimate of $270.14 million. Verint Systems had a negative net margin of 2.94% and a positive return on equity of 9.76%. Verint Systems’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 EPS. On average, equities research analysts anticipate that Verint Systems will post $2.72 EPS for the current fiscal year.
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In other Verint Systems news, Director Richard N. Nottenburg sold 3,846 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $40.95, for a total transaction of $157,493.70. Following the sale, the director now directly owns 18,178 shares of the company’s stock, valued at approximately $744,389.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Douglas Robinson sold 2,635 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $40.86, for a total transaction of $107,666.10. Following the sale, the chief financial officer now directly owns 159,818 shares in the company, valued at $6,530,163.48. The disclosure for this sale can be found here. Insiders have sold a total of 9,584 shares of company stock worth $393,624 over the last three months. Insiders own 1.30% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Verint Systems by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 5,160,308 shares of the technology company’s stock valued at $210,024,000 after purchasing an additional 50,136 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Verint Systems by 13.6% in the 1st quarter. Alliancebernstein L.P. now owns 2,824,726 shares of the technology company’s stock valued at $122,522,000 after purchasing an additional 338,476 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Verint Systems by 2.9% in the 2nd quarter. Fisher Asset Management LLC now owns 2,127,041 shares of the technology company’s stock valued at $86,571,000 after purchasing an additional 60,275 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Verint Systems by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,353,467 shares of the technology company’s stock valued at $55,085,000 after purchasing an additional 79,075 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Verint Systems by 5.5% in the 2nd quarter. State Street Corp now owns 1,258,532 shares of the technology company’s stock valued at $51,225,000 after purchasing an additional 65,509 shares during the last quarter. 94.65% of the stock is currently owned by institutional investors.
About Verint Systems
Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.
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