Jefferies Financial Group Trims Verint Systems (NASDAQ:VRNT) Target Price to $67.00

Verint Systems (NASDAQ:VRNT) had its price objective lowered by Jefferies Financial Group from $72.00 to $67.00 in a research report report published on Thursday, September 5th, The Fly reports. Jefferies Financial Group currently has a buy rating on the technology company’s stock. The analysts noted that the move was a valuation call.

A number of other research analysts have also weighed in on VRNT. BidaskClub lowered Verint Systems from a buy rating to a hold rating in a research report on Wednesday, August 21st. Zacks Investment Research lowered Verint Systems from a strong-buy rating to a hold rating in a research report on Thursday, August 22nd. ValuEngine lowered Verint Systems from a buy rating to a hold rating in a research report on Thursday, August 1st. Imperial Capital raised their price objective on Verint Systems from $65.00 to $69.00 and gave the company an outperform rating in a research report on Friday, May 31st. Finally, Oppenheimer raised their price objective on Verint Systems from $65.00 to $75.00 and gave the company an outperform rating in a research report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $67.67.

NASDAQ VRNT opened at $45.73 on Thursday. The business’s fifty day moving average price is $53.64 and its 200-day moving average price is $56.12. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 1.45 and a beta of 1.04. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.50 and a quick ratio of 1.46. Verint Systems has a 1-year low of $39.96 and a 1-year high of $63.94.

Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, September 4th. The technology company reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.02. The company had revenue of $331.00 million for the quarter, compared to analysts’ expectations of $334.56 million. Verint Systems had a return on equity of 13.44% and a net margin of 4.58%. Verint Systems’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned $0.76 EPS. Equities research analysts anticipate that Verint Systems will post 2.62 EPS for the current year.

In other Verint Systems news, CFO Douglas Robinson sold 3,096 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $55.19, for a total value of $170,868.24. Following the completion of the sale, the chief financial officer now owns 179,769 shares of the company’s stock, valued at $9,921,451.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Dan Bodner sold 6,240 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $55.28, for a total transaction of $344,947.20. Following the completion of the sale, the chief executive officer now directly owns 747,953 shares of the company’s stock, valued at approximately $41,346,841.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,690 shares of company stock valued at $701,225. 1.40% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Atria Investments LLC bought a new position in Verint Systems in the second quarter worth approximately $1,068,000. Neumeier Poma Investment Counsel LLC grew its holdings in Verint Systems by 4.3% in the second quarter. Neumeier Poma Investment Counsel LLC now owns 899,793 shares of the technology company’s stock worth $48,391,000 after purchasing an additional 36,765 shares during the last quarter. Prospect Capital Advisors LLC purchased a new position in Verint Systems in the second quarter worth $161,000. Verition Fund Management LLC purchased a new position in Verint Systems in the second quarter worth $580,000. Finally, Ladenburg Thalmann Financial Services Inc. grew 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 purchasing an additional 199 shares during the last quarter. 98.86% of the stock is owned by institutional investors.

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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