Verint Systems (NASDAQ:VRNT) Upgraded to “Hold” at Zacks Investment Research

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Verint Systems (NASDAQ:VRNT) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Thursday, reports. The brokerage presently has a $52.00 target price on the technology company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 12.60% from the stock’s previous close.

According to Zacks, “Verint Systems Inc. is a leading provider of analytic solutions for communications interception, digital video security and surveillance, and enterprise business intelligence. “

VRNT has been the subject of a number of other reports. Royal Bank of Canada lowered their target price on shares of Verint Systems from $65.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday, April 1st. TheStreet downgraded Verint Systems from a “b” rating to a “c” rating in a report on Wednesday, March 31st. Oppenheimer cut their price objective on shares of Verint Systems from $89.00 to $60.00 in a research report on Thursday, April 1st. Needham & Company LLC decreased their price target on Verint Systems from $82.00 to $61.00 and set a “buy” rating for the company in a research note on Wednesday, February 3rd. They noted that the move was a valuation call. Finally, The Goldman Sachs Group lifted their price objective on shares of Verint Systems from $66.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, January 8th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $61.00.

Shares of Verint Systems stock opened at $46.18 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.24 and a current ratio of 1.26. Verint Systems has a fifty-two week low of $19.41 and a fifty-two week high of $52.70. The company has a fifty day moving average of $47.98 and a 200 day moving average of $55.57. The company has a market capitalization of $3.04 billion, a P/E ratio of 192.42, a P/E/G ratio of 1.48 and a beta of 0.84.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Tuesday, March 30th. The technology company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.19. Verint Systems had a return on equity of 13.19% and a net margin of 1.51%. Analysts forecast that Verint Systems will post 2.54 EPS for the current year.

In other Verint Systems news, CFO Douglas Robinson sold 1,000 shares of the business’s stock in a transaction on Monday, January 11th. The shares were sold at an average price of $68.20, for a total value of $68,200.00. Following the completion of the transaction, the chief financial officer now owns 196,315 shares in the company, valued at $13,388,683. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.40% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Verint Systems in the 4th quarter valued at about $61,630,000. Virtu Financial LLC purchased a new position in Verint Systems in the 4th quarter valued at $277,000. Principal Financial Group Inc. boosted its holdings in shares of Verint Systems by 38.2% in the fourth quarter. Principal Financial Group Inc. now owns 9,686 shares of the technology company’s stock valued at $651,000 after acquiring an additional 2,675 shares in the last quarter. Cim Investment Mangement Inc. acquired a new position in Verint Systems during the 4th quarter worth approximately $222,000. Finally, Cetera Advisors LLC purchased a new position in Verint Systems in the fourth quarter worth $250,000. 95.94% of the stock is owned by hedge funds and other institutional investors.

Verint Systems Company Profile

Verint Systems Inc provides actionable intelligence solutions worldwide. It operates through Customer Engagement and Cyber Intelligence segments. The company offers Workforce Forecasting and Scheduling for management of workforce scheduling in contact centers, back office operations, and branches; Verint Mobile apps that deliver work-life balance ownership to employees and managers on-the-go; Knowledge Management solution for reduce training time, increase first call resolution, and improve customer satisfaction scores; Virtual Assistant, which provides automated and real-time support for the employee; Verint Real-Time Analytics that surfaces contextual guidance to an employee; Verint Robotic Process Automation solutions; and Verint Employee Desktop that unifies disparate applications on an employee's desktop.

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