Verint Systems Inc. (NASDAQ: VRNT – Get a rating) – Wedbush Research analysts raised their second-quarter 2023 EPS estimates for Verint Systems shares in a note to investors on Wednesday, April 27. Wedbush analyst D. Ives now expects the technology company to earn $0.43 per share for the quarter, up from its previous forecast of $0.40. Wedbush also released Verint Systems earnings estimates for the third quarter of 2023 at $0.46 EPS.
VRNT has been the subject of a number of other research reports. TheStreet upgraded Verint Systems shares from a “b-” rating to a “c” rating in a Tuesday, April 12 research report. Zacks Investment Research cut Verint Systems shares from a “hold” rating to a “sell” rating in a Wednesday, April 6 research report. Goldman Sachs Group cut Verint Systems shares from a “buy” rating to a “neutral” rating and set a price target of $57.00 for the company. in a research report on Tuesday, April 12. StockNews.com cut Verint Systems shares from a “buy” rating to a “hold” rating in a Friday, April 8 research report. Finally, Royal Bank of Canada raised its price target on Verint Systems shares from $57.00 to $61.00 and gave the stock an “outperform” rating in a Wednesday 30 research report. March. One equity research analyst assigned the stock a sell rating, two assigned a hold rating and four assigned the company’s stock a buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $65.80.
NASDAQ:VRNT opened at $55.19 on Friday. The company has a debt ratio of 0.43, a quick ratio of 1.36 and a current ratio of 1.37. The stock has a market capitalization of $3.57 billion, a P/E ratio of -788.32, a PEG ratio of 2.44 and a beta of 0.86. The company has a 50-day moving average price of $51.32 and a 200-day moving average price of $50.37. Verint Systems has a fifty-two week low of $41.46 and a fifty-two week high of $56.39. Verint Systems (NASDAQ: VRNT – Get a rating) last announced its quarterly results on Tuesday, March 29. The tech company reported earnings per share (EPS) of $0.57 for the quarter, beating the Zacks consensus estimate of $0.55 by $0.02. The company posted revenue of $234.17 million in the quarter, versus a consensus estimate of $231.77 million. Verint Systems had a net margin of 1.65% and a return on equity of 12.68%. The company’s revenues increased by 4.0% compared to the same quarter last year. In the same quarter last year, the company achieved EPS of $0.82.
Separately, director Richard N. Nottenburg sold 3,576 Verint Systems shares in a trade on Friday, April 1. The shares were sold at an average price of $52.12, for a total transaction of $186,381.12. Following the completion of the sale, the director now directly owns 4,178 shares of the company, valued at approximately $217,757.36. The transaction was disclosed in an SEC filing, which is available via the SEC website. Also, CFO Douglas Robinson sold 5,622 shares of Verint Systems in a trade on Thursday, April 7. The stock was sold at an average price of $50.49, for a total transaction of $283,854.78. Following the sale, the CFO now directly owns 224,662 shares of the company, valued at $11,343,184.38. Disclosure of this sale can be found here. Insiders sold a total of 105,116 shares of the company valued at $5,354,750 in the past three months. 1.90% of the shares are currently held by insiders.
Several institutional investors have recently increased or reduced their stake in VRNT. Mizuho Markets Americas LLC increased its stake in Verint Systems by 2.2% in Q1. Mizuho Markets Americas LLC now owns 204,682 shares of the technology company worth $10,582,000 after acquiring 4,500 additional shares in the last quarter. Comerica Bank increased its stake in Verint Systems by 5.5% in the first quarter. Comerica Bank now owns 6,193 shares of the technology company worth $345,000 after acquiring 323 more shares last quarter. Campbell Newman Asset Management Inc. increased its stake in Verint Systems by 2.0% during the first quarter. Campbell Newman Asset Management Inc. now owns 23,402 shares of the technology company worth $1,210,000 after acquiring 451 additional shares last quarter. AMI Asset Management Corp increased its stake in Verint Systems by 5.1% in the first quarter. AMI Asset Management Corp now owns 132,939 shares of the technology company worth $6,873,000 after acquiring 6,503 more shares last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its stake in Verint Systems by 3.0% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 7,454 shares of the technology company worth $385,000 after acquiring 214 additional shares last quarter.
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; Self-Service, which connects customers and employees with information, resources and support; Case management that helps employees improve efficiency, resolution time, compliance, and customer satisfaction; and knowledge management, which helps agents deliver exceptional service with tools.
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