Verint Systems Inc. (NASDAQ:VRNT) was the target of a significant decrease in short interest during the month of December. As of December 29th, there was short interest totalling 731,491 shares, a decrease of 46.6% from the December 15th total of 1,369,600 shares. Based on an average trading volume of 325,951 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.2% of the shares of the stock are sold short.

Verint Systems (NASDAQ:VRNT) opened at $43.05 on Monday. The company has a market capitalization of $2,745.77, a price-to-earnings ratio of -172.20, a P/E/G ratio of 2.37 and a beta of 1.26. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.67 and a quick ratio of 1.63. Verint Systems has a 12 month low of $35.90 and a 12 month high of $44.70.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Wednesday, December 6th. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.32. Verint Systems had a negative net margin of 1.41% and a positive return on equity of 9.90%. The business had revenue of $280.70 million during the quarter, compared to analyst estimates of $282.01 million. During the same period in the prior year, the business posted $0.59 earnings per share. The company’s revenue was up 8.4% on a year-over-year basis. equities analysts forecast that Verint Systems will post 1.82 EPS for the current year.

A number of research firms recently commented on VRNT. Oppenheimer reissued a “buy” rating and issued a $49.00 target price on shares of Verint Systems in a research note on Thursday, December 7th. BidaskClub cut Verint Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Finally, Zacks Investment Research cut Verint Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $47.50.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AXA boosted its position in Verint Systems by 2.9% during the third quarter. AXA now owns 200,514 shares of the technology company’s stock valued at $8,392,000 after buying an additional 5,700 shares during the period. Algert Global LLC purchased a new stake in Verint Systems during the third quarter valued at about $2,589,000. Cubist Systematic Strategies LLC boosted its position in Verint Systems by 207.6% during the third quarter. Cubist Systematic Strategies LLC now owns 15,682 shares of the technology company’s stock valued at $656,000 after buying an additional 10,583 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its position in Verint Systems by 435.3% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 45,500 shares of the technology company’s stock valued at $1,903,000 after buying an additional 37,000 shares during the period. Finally, Magnetar Financial LLC purchased a new stake in Verint Systems during the third quarter valued at about $202,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

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Verint Systems Company Profile

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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