Verint Systems Inc. (NASDAQ:VRNT) announced its quarterly earnings results on Wednesday. The technology company reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.14, Bloomberg Earnings reports. The business had revenue of $278.20 million during the quarter, compared to analyst estimates of $270.14 million. Verint Systems had a negative net margin of 2.42% and a positive return on equity of 10.01%. Verint Systems’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.57 EPS. Verint Systems updated its FY18 guidance to $2.75 EPS.

Shares of Verint Systems (NASDAQ VRNT) opened at 40.45 on Friday. The company’s market cap is $2.54 billion. Verint Systems has a 1-year low of $33.40 and a 1-year high of $44.70. The stock has a 50 day moving average of $38.81 and a 200 day moving average of $39.87.

In other news, CFO Douglas Robinson sold 2,635 shares of Verint Systems stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $40.86, for a total value of $107,666.10. Following the completion of the transaction, the chief financial officer now owns 159,818 shares of the company’s stock, valued at approximately $6,530,163.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Larry F. Myers sold 3,103 shares of Verint Systems stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $41.40, for a total value of $128,464.20. Following the completion of the transaction, the director now directly owns 10,751 shares of the company’s stock, valued at approximately $445,091.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,584 shares of company stock valued at $393,624. 1.30% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Verint Systems by 11.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,655 shares of the technology company’s stock worth $108,000 after purchasing an additional 263 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of Verint Systems by 27.5% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 2,669 shares of the technology company’s stock worth $116,000 after purchasing an additional 576 shares during the last quarter. Bank of Montreal Can raised its position in shares of Verint Systems by 43.1% in the 1st quarter. Bank of Montreal Can now owns 3,080 shares of the technology company’s stock worth $134,000 after purchasing an additional 927 shares during the last quarter. Strs Ohio raised its position in shares of Verint Systems by 61.5% in the 1st quarter. Strs Ohio now owns 4,200 shares of the technology company’s stock worth $182,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Verint Systems in the 2nd quarter worth about $179,000. 94.65% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have commented on VRNT. Imperial Capital restated an “in-line” rating and set a $47.00 price target (up previously from $45.00) on shares of Verint Systems in a research note on Friday, June 9th. Royal Bank Of Canada restated an “outperform” rating and set a $48.00 price target (up previously from $44.00) on shares of Verint Systems in a research note on Thursday, June 8th. Zacks Investment Research upgraded shares of Verint Systems from a “hold” rating to a “strong-buy” rating and set a $48.00 price target for the company in a research note on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $50.00 price target (up previously from $48.00) on shares of Verint Systems in a research note on Friday, June 9th. Finally, Deutsche Bank AG boosted their price target on shares of Verint Systems from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $46.71.

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About Verint Systems

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.

Earnings History for Verint Systems (NASDAQ:VRNT)

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