Stock analysts at Jefferies Financial Group started coverage on shares of Verint Systems (NASDAQ:VRNT) in a note issued to investors on Thursday, Marketbeat reports. The brokerage set a “buy” rating and a $53.00 price target on the technology company’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 16.69% from the company’s previous close.

A number of other research analysts also recently weighed in on VRNT. ValuEngine downgraded Verint Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, September 12th. BidaskClub downgraded Verint Systems from a “hold” rating to a “sell” rating in a research note on Thursday, September 13th. TheStreet raised Verint Systems from a “c” rating to a “b-” rating in a report on Thursday, September 13th. Wedbush initiated coverage on Verint Systems in a report on Thursday, October 18th. They issued an “outperform” rating and a $58.00 target price on the stock. Finally, Imperial Capital reaffirmed an “outperform” rating and issued a $58.00 target price (up previously from $49.50) on shares of Verint Systems in a report on Tuesday, December 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $56.00.

VRNT opened at $45.42 on Thursday. Verint Systems has a fifty-two week low of $37.10 and a fifty-two week high of $52.45. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.65 and a quick ratio of 1.61. The stock has a market cap of $2.87 billion, a PE ratio of 25.66, a PEG ratio of 1.94 and a beta of 1.00.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Thursday, December 6th. The technology company reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.14. Verint Systems had a return on equity of 12.47% and a net margin of 4.58%. The company had revenue of $307.99 million during the quarter, compared to the consensus estimate of $305.38 million. During the same period last year, the business earned $0.66 EPS. The business’s quarterly revenue was up 8.5% on a year-over-year basis. On average, research analysts forecast that Verint Systems will post 2.27 EPS for the current fiscal year.

In other news, Director Richard N. Nottenburg sold 5,675 shares of Verint Systems stock in a transaction that occurred on Wednesday, December 19th. The stock was sold at an average price of $46.13, for a total transaction of $261,787.75. Following the sale, the director now owns 9,849 shares of the company’s stock, valued at approximately $454,334.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in VRNT. Glenmede Trust Co. NA grew its holdings in shares of Verint Systems by 39.4% during the 2nd quarter. Glenmede Trust Co. NA now owns 1,178,162 shares of the technology company’s stock worth $52,252,000 after purchasing an additional 333,068 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Verint Systems by 56.2% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 778,568 shares of the technology company’s stock worth $39,006,000 after buying an additional 280,000 shares during the period. Global Alpha Capital Management Ltd. bought a new position in shares of Verint Systems during the 3rd quarter worth approximately $13,297,000. Mesirow Financial Investment Management Equity Management bought a new position in shares of Verint Systems during the 3rd quarter worth approximately $12,237,000. Finally, Eagle Asset Management Inc. bought a new position in shares of Verint Systems during the 3rd quarter worth approximately $11,367,000. 94.66% of the stock is currently owned by institutional investors.

About Verint Systems

Verint Systems Inc provides actionable intelligence solutions and value-added services worldwide. Its Customer Engagement Solutions segment provides automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, digital feedback, email engagement, employee desktop, enterprise feedback, financial compliance, full-time recording, gamification, identity analytics, internal communities, knowledge management, mobile workforce, performance management, robotic process automation, social analytics, speech and text analytics, virtual assistant, voice self-service, voice self-service fraud detection, Web/mobile self-service, work manager, and workforce management solutions.

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Analyst Recommendations for Verint Systems (NASDAQ:VRNT)

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