Verint Systems (NASDAQ:VRNT) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Verint Systems (NASDAQ:VRNT) from a buy rating to a hold rating in a research report sent to investors on Monday morning.

VRNT has been the topic of a number of other reports. Royal Bank of Canada reaffirmed an outperform rating and set a $36.00 target price on shares of Verint Systems in a research report on Wednesday, June 5th. Needham & Company LLC reissued a buy rating and set a $40.00 price objective on shares of Verint Systems in a report on Wednesday, July 24th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Verint Systems presently has a consensus rating of Moderate Buy and an average target price of $35.20.

Verint Systems Stock Performance

Shares of NASDAQ:VRNT opened at $33.09 on Monday. The firm has a market cap of $2.04 billion, a PE ratio of 68.94, a price-to-earnings-growth ratio of 1.35 and a beta of 1.26. The firm’s 50 day simple moving average is $33.53 and its 200-day simple moving average is $31.89. Verint Systems has a one year low of $18.41 and a one year high of $38.17. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.30 and a current ratio of 1.34.

Verint Systems (NASDAQ:VRNT) last issued its earnings results on Tuesday, June 4th. The technology company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). The company had revenue of $221.28 million for the quarter, compared to analysts’ expectations of $214.71 million. Verint Systems had a return on equity of 16.56% and a net margin of 5.52%. As a group, equities analysts predict that Verint Systems will post 1.99 EPS for the current year.

Insider Activity at Verint Systems

In other Verint Systems news, CEO Dan Bodner sold 375,000 shares of Verint Systems stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $33.76, for a total value of $12,660,000.00. Following the transaction, the chief executive officer now directly owns 609,764 shares of the company’s stock, valued at $20,585,632.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Verint Systems news, Director William Kurtz sold 2,110 shares of Verint Systems stock in a transaction on Friday, June 7th. The shares were sold at an average price of $36.54, for a total value of $77,099.40. Following the transaction, the director now directly owns 20,193 shares of the company’s stock, valued at $737,852.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dan Bodner sold 375,000 shares of Verint Systems stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $33.76, for a total transaction of $12,660,000.00. Following the completion of the transaction, the chief executive officer now directly owns 609,764 shares in the company, valued at $20,585,632.64. The disclosure for this sale can be found here. Insiders have sold a total of 381,527 shares of company stock valued at $12,898,762 over the last ninety days. 1.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Verint Systems

Institutional investors and hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP acquired a new stake in shares of Verint Systems during the fourth quarter worth $34,172,000. Norges Bank acquired a new stake in shares of Verint Systems during the fourth quarter worth $18,601,000. Mesirow Institutional Investment Management Inc. acquired a new stake in shares of Verint Systems during the first quarter worth $14,675,000. Victory Capital Management Inc. lifted its stake in shares of Verint Systems by 5.9% during the second quarter. Victory Capital Management Inc. now owns 4,143,227 shares of the technology company’s stock worth $133,412,000 after buying an additional 232,499 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH lifted its stake in shares of Verint Systems by 35.1% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 814,959 shares of the technology company’s stock worth $26,242,000 after buying an additional 211,570 shares during the period. 94.95% of the stock is owned by hedge funds and other institutional investors.

Verint Systems Company Profile

Verint Systems Inc provides customer engagement solutions worldwide. It offers forecasting and scheduling, channels and routing, knowledge management, fraud and security solutions, quality and compliance, analytics and insights, real-time assistance, self-services, financial compliance, and voice pf the consumer solutions.