Verint Systems Inc. (VRNT) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Verint Systems Inc. (NASDAQ:VRNT) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

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. “

A number of other brokerages also recently commented on VRNT. Oppenheimer Holdings Inc. restated an outperform rating and issued a $49.00 price objective on shares of Verint Systems in a research report on Thursday, March 30th. Deutsche Bank AG raised their price objective on shares of Verint Systems from $34.00 to $40.00 and gave the company a hold rating in a research report on Wednesday, March 29th. Goldman Sachs Group Inc raised their price objective on shares of Verint Systems from $44.00 to $48.00 and gave the company a buy rating in a research report on Wednesday, March 29th. Royal Bank of Canada lifted their price target on shares of Verint Systems from $37.00 to $44.00 and gave the company an outperform rating in a research report on Wednesday, March 29th. Finally, Imperial Capital lifted their price target on shares of Verint Systems from $40.00 to $43.00 and gave the company an outperform rating in a research report on Wednesday, February 15th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $42.43.

Shares of Verint Systems (NASDAQ:VRNT) traded down 0.459% during mid-day trading on Tuesday, reaching $39.219. The company’s stock had a trading volume of 242,601 shares. The company’s 50-day moving average is $40.11 and its 200-day moving average is $37.66. The stock’s market capitalization is $2.45 billion. Verint Systems has a 52 week low of $31.43 and a 52 week high of $44.70.

Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings data on Tuesday, March 28th. The technology company reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.04. The firm earned $295.90 million during the quarter, compared to the consensus estimate of $294.41 million. Verint Systems had a negative net margin of 1.90% and a positive return on equity of 10.01%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.90 earnings per share. Equities analysts predict that Verint Systems will post $2.71 EPS for the current year.

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In other news, insider Peter Fante sold 2,190 shares of the business’s stock in a transaction on Thursday, April 13th. The shares were sold at an average price of $39.19, for a total transaction of $85,826.10. Following the completion of the sale, the insider now directly owns 20,987 shares of the company’s stock, valued at approximately $822,480.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dan Bodner sold 137,773 shares of the business’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $42.74, for a total transaction of $5,888,418.02. Following the sale, the chief executive officer now directly owns 528,226 shares of the company’s stock, valued at $22,576,379.24. The disclosure for this sale can be found here. Insiders have sold a total of 223,145 shares of company stock valued at $9,351,606 over the last three months. Corporate insiders own 1.30% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Citadel Advisors LLC raised its stake in shares of Verint Systems by 39.7% in the third quarter. Citadel Advisors LLC now owns 181,945 shares of the technology company’s stock valued at $6,847,000 after buying an additional 51,674 shares during the period. State Street Corp raised its stake in shares of Verint Systems by 2.5% in the fourth quarter. State Street Corp now owns 1,158,763 shares of the technology company’s stock valued at $40,847,000 after buying an additional 28,671 shares during the period. Schroder Investment Management Group raised its stake in shares of Verint Systems by 0.5% in the third quarter. Schroder Investment Management Group now owns 293,475 shares of the technology company’s stock valued at $11,043,000 after buying an additional 1,400 shares during the period. Ancora Advisors LLC purchased a new stake in shares of Verint Systems during the fourth quarter valued at $3,296,000. Finally, Cadian Capital Management LP raised its stake in shares of Verint Systems by 140.6% in the third quarter. Cadian Capital Management LP now owns 75,074 shares of the technology company’s stock valued at $2,825,000 after buying an additional 43,870 shares during the period. Institutional investors and hedge funds own 94.84% of the company’s stock.

Verint Systems Company Profile

Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.

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