Verint Systems Inc. (NASDAQ:VRNT) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 3,240,000 shares, a growth of 8.0% from the January 15th total of 3,000,000 shares. Based on an average trading volume of 517,600 shares, the short-interest ratio is currently 6.3 days. Currently, 5.0% of the company’s stock are short sold.
Verint Systems stock opened at $59.31 on Friday. The company’s 50-day moving average price is $57.63 and its two-hundred day moving average price is $51.13. The company has a quick ratio of 1.53, a current ratio of 1.57 and a debt-to-equity ratio of 0.66. The stock has a market cap of $3.87 billion, a P/E ratio of 78.04, a P/E/G ratio of 1.39 and a beta of 1.06. Verint Systems has a twelve month low of $42.24 and a twelve month high of $63.94.
Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Wednesday, December 4th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.35. The company had revenue of $331.10 million during the quarter, compared to analysts’ expectations of $332.96 million. Verint Systems had a return on equity of 13.50% and a net margin of 3.95%. The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.85 earnings per share. Equities analysts anticipate that Verint Systems will post 2.62 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Verint Systems by 14.6% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,565 shares of the technology company’s stock worth $84,000 after acquiring an additional 199 shares in the last quarter. Bowling Portfolio Management LLC raised its position in Verint Systems by 277.9% in the 3rd quarter. Bowling Portfolio Management LLC now owns 21,233 shares of the technology company’s stock worth $908,000 after buying an additional 15,614 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its position in Verint Systems by 12.6% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 8,829 shares of the technology company’s stock worth $378,000 after buying an additional 990 shares during the last quarter. Zeke Capital Advisors LLC purchased a new position in Verint Systems in the 3rd quarter worth about $216,000. Finally, Strs Ohio raised its position in Verint Systems by 8.5% in the 3rd quarter. Strs Ohio now owns 52,100 shares of the technology company’s stock worth $2,228,000 after buying an additional 4,100 shares during the last quarter. 97.30% of the stock is currently owned by institutional investors.
Several research analysts recently commented on VRNT shares. Zacks Investment Research raised Verint Systems from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a research report on Friday, February 7th. Needham & Company LLC boosted their price target on Verint Systems from $58.00 to $67.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. BidaskClub downgraded Verint Systems from a “strong-buy” rating to a “buy” rating in a report on Friday, February 7th. TheStreet raised shares of Verint Systems from a “c+” rating to a “b-” rating in a research note on Thursday, December 19th. Finally, Goldman Sachs Group initiated coverage on shares of Verint Systems in a research report on Tuesday, November 12th. They issued a “buy” rating and a $58.00 price objective for the company. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $68.13.
About Verint Systems
Verint Systems Inc provides actionable intelligence solutions worldwide. The company's Customer Engagement Solutions segment offers automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, and digital feedback solutions.
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