Verint Systems Inc. (NASDAQ:VRNT – Get Free Report)’s stock price dropped 3.6% on Friday after Royal Bank of Canada lowered their price target on the stock from $38.00 to $36.00. Royal Bank of Canada currently has an outperform rating on the stock. Verint Systems traded as low as $27.35 and last traded at $27.58. Approximately 235,142 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 525,157 shares. The stock had previously closed at $28.60.
Several other equities analysts have also commented on the stock. Jefferies Financial Group dropped their price target on shares of Verint Systems from $40.00 to $25.00 in a research report on Friday, September 8th. StockNews.com initiated coverage on shares of Verint Systems in a research report on Thursday, October 5th. They set a “hold” rating for the company. TheStreet lowered shares of Verint Systems from a “c-” rating to a “d+” rating in a research report on Wednesday, September 13th. TD Cowen dropped their price objective on shares of Verint Systems from $50.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, September 7th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Verint Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.78.
Insider Buying and Selling at Verint Systems
In other Verint Systems news, President Elan Moriah sold 2,270 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $24.94, for a total transaction of $56,613.80. Following the transaction, the president now directly owns 99,250 shares in the company, valued at approximately $2,475,295. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Verint Systems news, CEO Dan Bodner sold 5,829 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $24.94, for a total transaction of $145,375.26. Following the sale, the chief executive officer now directly owns 1,005,645 shares of the company’s stock, valued at $25,080,786.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Elan Moriah sold 2,270 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $24.94, for a total transaction of $56,613.80. Following the sale, the president now directly owns 99,250 shares in the company, valued at $2,475,295. The disclosure for this sale can be found here. Insiders have sold 10,511 shares of company stock worth $261,144 in the last ninety days. 2.20% of the stock is owned by insiders.
Institutional Trading of Verint Systems
Large investors have recently modified their holdings of the company. Dark Forest Capital Management LP acquired a new stake in shares of Verint Systems in the 1st quarter worth about $35,000. CWM LLC increased its holdings in shares of Verint Systems by 241.8% in the 3rd quarter. CWM LLC now owns 1,309 shares of the technology company’s stock worth $30,000 after acquiring an additional 926 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Verint Systems by 60.2% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,801 shares of the technology company’s stock worth $67,000 after acquiring an additional 677 shares during the period. Great West Life Assurance Co. Can increased its holdings in shares of Verint Systems by 14.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 3,456 shares of the technology company’s stock worth $190,000 after acquiring an additional 438 shares during the period. Finally, Lazard Asset Management LLC increased its stake in Verint Systems by 89.0% during the 2nd quarter. Lazard Asset Management LLC now owns 4,023 shares of the technology company’s stock valued at $141,000 after buying an additional 1,894 shares during the period.
Verint Systems Stock Performance
The stock has a market cap of $1.79 billion, a price-to-earnings ratio of -286.00, a PEG ratio of 2.06 and a beta of 1.19. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.27 and a current ratio of 1.31. The company’s 50 day simple moving average is $21.90 and its 200 day simple moving average is $29.51.
Verint Systems (NASDAQ:VRNT – Get Free Report) last released its earnings results on Wednesday, December 6th. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.57 by $0.08. The firm had revenue of $219.00 million for the quarter, compared to analysts’ expectations of $215.90 million. Verint Systems had a net margin of 1.61% and a return on equity of 15.48%. Verint Systems’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the company earned $0.41 EPS. On average, equities research analysts anticipate that Verint Systems Inc. will post 1.73 earnings per share for the current year.
Verint Systems Company Profile
Verint Systems Inc provides customer engagement solutions worldwide. It offers various applications for use in Forecasting and Scheduling, which understands the work needed to meet and exceed customer expectations; Quality and Compliance that uses automation and analytics for customer interactions for attended and self-service channels; Interaction Insights, which extracts insights from structured and unstructured customer interactions and activities; Real-Time Work that supports in-the-moment workforce activities; Engagement Channels, an application for messaging, social, chat, email, and interactive voice response; Conversational AI, an intelligent virtual assistant application to enable human-like conversations across every channel; Knowledge Management, which enables humans and bots to deliver service with tools.