Verint Systems Target of Unusually High Options Trading (NASDAQ:VRNT)

Verint Systems Inc. (NASDAQ:VRNT) saw some unusual options trading on Tuesday. Traders acquired 1,946 put options on the stock. This represents an increase of 1,549% compared to the typical daily volume of 118 put options.

VRNT has been the subject of a number of analyst reports. Jefferies Financial Group reduced their price target on Verint Systems from $72.00 to $67.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. They noted that the move was a valuation call. Needham & Company LLC began coverage on Verint Systems in a report on Tuesday, October 22nd. They set a “buy” rating and a $53.00 price objective on the stock. Zacks Investment Research downgraded Verint Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, November 26th. ValuEngine downgraded Verint Systems from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Finally, Wedbush restated a “buy” rating and issued a $70.00 target price on shares of Verint Systems in a report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $64.63.

Several large investors have recently modified their holdings of VRNT. Point72 Asset Management L.P. acquired a new position in shares of Verint Systems during the 2nd quarter worth about $54,000. Redhawk Wealth Advisors Inc. bought a new position in Verint Systems in the 2nd quarter worth approximately $58,000. Ladenburg Thalmann Financial Services Inc. increased its position in Verint Systems by 14.6% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,565 shares of the technology company’s stock worth $84,000 after buying an additional 199 shares during the period. Quantamental Technologies LLC bought a new position in Verint Systems in the 2nd quarter worth approximately $100,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in shares of Verint Systems during the second quarter worth approximately $125,000. 97.01% of the stock is currently owned by institutional investors.

NASDAQ:VRNT opened at $47.56 on Wednesday. The firm has a market capitalization of $3.18 billion, a PE ratio of 20.50, a PEG ratio of 1.33 and a beta of 1.06. Verint Systems has a 1 year low of $39.96 and a 1 year high of $63.94. The company has a current ratio of 1.50, a quick ratio of 1.46 and a debt-to-equity ratio of 0.68. The firm’s fifty day simple moving average is $46.27 and its 200 day simple moving average is $51.20.

Verint Systems (NASDAQ:VRNT) last released its earnings results on Wednesday, September 4th. The technology company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 analyst estimates of $334.56 million. During the same quarter in the previous year, the business earned $0.76 EPS. The business’s revenue was up 7.3% on a year-over-year basis. As a group, analysts anticipate that Verint Systems will post 2.62 EPS for the current fiscal year.

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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