Verint Systems Inc. (NASDAQ: VRNT – Get a rating) Director John R. Egan sold 10,000 shares of the company in a trade that took place on Friday, June 17. The stock was sold at an average price of $41.51, for a total value of $415,100.00. As a result of the transaction, the administrator now directly owns 36,407 shares of the company, valued at $1,511,254.57. The transaction was disclosed in a legal filing with the SEC, available at this hyperlink.
The NASDAQ VRNT rose $0.94 on Tuesday, hitting $42.69. The stock recorded a trading volume of 1,154,570 shares, compared to an average volume of 518,066. The company has a debt ratio of 0.49, a quick ratio of 1.20 and a current ratio of 1, 22. The company has a fifty-day moving average of $50.93 and a two-hundred-day moving average of $51.08. Verint Systems Inc. has a 1-year low of $39.83 and a 1-year high of $56.39.
Verint Systems (NASDAQ: VRNT – Get a rating) last released its quarterly earnings data on Tuesday, June 7. The tech company reported EPS of $0.52 for the quarter, beating consensus analyst estimates of $0.47 by $0.05. The company posted revenue of $219.25 million for the quarter, versus analyst estimates of $215.52 million. Verint Systems had a return on equity of 13.49% and a net margin of 1.56%. The company’s revenue for the quarter increased 8.6% on an annual basis. During the same period a year earlier, the company posted EPS of $0.23. On average, stock analysts expect Verint Systems Inc. to post EPS of 1.49 for the current year.
Major investors have recently increased or reduced their stake in the company. Lannebo Fonder AB increased its position in Verint Systems shares by 8.5% during the fourth quarter. Lannebo Fonder AB now owns 64,000 shares of the technology company valued at $3,361,000 after acquiring an additional 5,000 shares during the period. Phocas Financial Corp. increased its position in Verint Systems shares by 82.7% during the third quarter. Phocas Financial Corp. now owns 150,427 shares of the technology company valued at $6,738,000 after acquiring an additional 68,093 shares during the period. KRS Capital Management LLC purchased a new stake in Verint Systems stock during Q4 for $36,000. GSA Capital Partners LLP purchased a new stake in Verint Systems stock during Q4 for $301,000. Finally, Cornerstone Investment Partners LLC purchased a new equity stake in Verint Systems during the 4th quarter at a value of $211,000.
A number of research analysts have weighed in on VRNT shares recently. Goldman Sachs Group downgraded Verint Systems from a “buy” rating to a “neutral” rating and set a target price of $57.00 for the stock. in a report on Tuesday, April 12. Needham & Company LLC reissued a “buy” rating and set a target price of $61.00 on Verint Systems stock in a Wednesday, June 8 report. StockNews.com downgraded Verint Systems from a “buy” rating to a “hold” rating in a Friday, April 8 report. Royal Bank of Canada raised its target price on Verint Systems from $57.00 to $61.00 and gave the stock an “outperform” rating in a Wednesday, March 30 report. Finally, Evercore ISI cut its price target on Verint Systems to $65.00 in a Thursday, June 9 report. Two research analysts have rated the stock with a hold rating and three have assigned the stock a buy rating. According to MarketBeat, Verint Systems has an average rating of “Moderate Buy” and a consensus price target of $63.80.
About Verint Systems (Get a rating)
Verint Systems Inc provides customer engagement solutions worldwide. It offers various applications for use in forecasting and planning, which includes the work required to meet and exceed customer expectations; Quality and Compliance that uses automation and analytics of customer interactions for assisted and self-service channels; Interaction Insights, which extracts insights from structured and unstructured customer interactions and activities; Real-time labor that supports real-time workforce activities; Engagement Channels, an application for messaging, social media, chat, email, and interactive voice response; Conversational AI, an intelligent virtual assistant app to enable human-like conversations across all channels; Engagement Orchestration, an application that improves employee efficiency, time to resolution, compliance and customer satisfaction with workflows; Knowledge management, which helps agents provide exceptional service with tools.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Verint Systems right now?
Before you consider Verint Systems, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Verint Systems wasn’t on the list.
Although Verint Systems currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here