BidaskClub Downgrades Verint Systems (NASDAQ:VRNT) to Sell

BidaskClub cut shares of Verint Systems (NASDAQ:VRNT) from a hold rating to a sell rating in a report issued on Wednesday, BidAskClub reports.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group reduced their target price on shares of Verint Systems from $72.00 to $67.00 and set a buy rating for the company in a report on Thursday, September 5th. They noted that the move was a valuation call. ValuEngine cut shares of Verint Systems from a buy rating to a hold rating in a report on Thursday, August 1st. Zacks Investment Research cut shares of Verint Systems from a strong-buy rating to a hold rating in a report on Thursday, August 22nd. Oppenheimer upped their target price on shares of Verint Systems from $65.00 to $75.00 and gave the company an outperform rating in a report on Thursday, May 23rd. Finally, Imperial Capital upped their target price on shares of Verint Systems from $65.00 to $69.00 and gave the company an outperform rating in a report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $67.67.

VRNT traded down $0.66 on Wednesday, reaching $45.78. The company had a trading volume of 764,000 shares, compared to its average volume of 566,070. Verint Systems has a 1 year low of $39.96 and a 1 year high of $63.94. The stock has a market capitalization of $3.10 billion, a PE ratio of 19.73, a P/E/G ratio of 1.40 and a beta of 1.04. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 0.68. The stock has a 50-day moving average price of $53.64 and a 200-day moving average price of $56.12.



Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. Verint Systems had a net margin of 4.58% and a return on equity of 13.44%. The firm had revenue of $331.00 million during the quarter, compared to analysts’ expectations of $334.56 million. During the same period in the previous year, the company earned $0.76 earnings per share. Verint Systems’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, analysts expect that Verint Systems will post 2.68 earnings per share for the current fiscal year.

In other news, Director Richard N. Nottenburg sold 5,076 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $56.01, for a total transaction of $284,306.76. Following the transaction, the director now directly owns 6,163 shares in the company, valued at $345,189.63. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Douglas Robinson sold 3,096 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $55.19, for a total transaction of $170,868.24. Following the transaction, the chief financial officer now owns 179,769 shares in the company, valued at $9,921,451.11. The disclosure for this sale can be found here. Insiders sold 17,766 shares of company stock valued at $985,531 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Point72 Asset Management L.P. acquired a new position in shares of Verint Systems during the second quarter worth about $54,000. Redhawk Wealth Advisors Inc. acquired a new position in shares of Verint Systems during the second quarter worth about $58,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Verint Systems by 17,200.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,038 shares of the technology company’s stock worth $62,000 after acquiring an additional 1,032 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Verint Systems by 14.6% during 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 during the period. Finally, Quantamental Technologies LLC acquired a new position in shares of Verint Systems during the second quarter worth about $100,000. Institutional investors and hedge funds own 98.86% of the company’s stock.

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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Analyst Recommendations for Verint Systems (NASDAQ:VRNT)

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