Short Interest in Verint Systems Inc. (NASDAQ:VRNT) Increases By 5.6%

Verint Systems Inc. (NASDAQ:VRNT) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 3,000,000 shares, an increase of 5.6% from the September 30th total of 2,840,000 shares. Based on an average daily trading volume, of 531,000 shares, the days-to-cover ratio is currently 5.6 days. Approximately 4.6% of the shares of the stock are short sold.

A number of institutional investors have recently made changes to their positions in VRNT. Point72 Asset Management L.P. acquired a new stake in Verint Systems in the second quarter valued at approximately $54,000. Redhawk Wealth Advisors Inc. acquired a new stake in Verint Systems in the second quarter valued at approximately $58,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Verint Systems by 14.6% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,565 shares of the technology company’s stock valued at $84,000 after buying an additional 199 shares during the last quarter. Quantamental Technologies LLC purchased a new position in shares of Verint Systems during the second quarter valued at approximately $100,000. Finally, C M Bidwell & Associates Ltd. purchased a new position in shares of Verint Systems during the second quarter valued at approximately $125,000. 98.82% of the stock is owned by hedge funds and other institutional investors.

Verint Systems stock opened at $48.53 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.46 and a debt-to-equity ratio of 0.68. Verint Systems has a 12 month low of $39.96 and a 12 month high of $63.94. The stock has a 50-day moving average price of $44.64 and a two-hundred day moving average price of $52.38. The company has a market capitalization of $3.21 billion, a PE ratio of 20.92, a P/E/G ratio of 1.31 and a beta of 1.06.

Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.02. Verint Systems had a return on equity of 13.44% and a net margin of 4.58%. The firm had revenue of $331.00 million during the quarter, compared to analysts’ expectations of $334.56 million. During the same quarter last year, the firm posted $0.76 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, analysts predict that Verint Systems will post 2.62 earnings per share for the current fiscal year.

Several brokerages recently weighed in on VRNT. Jefferies Financial Group dropped their price objective on Verint Systems from $72.00 to $67.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. They noted that the move was a valuation call. TheStreet downgraded Verint Systems from a “b-” rating to a “c+” rating in a research report on Thursday, September 19th. BidaskClub upgraded Verint Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. ValuEngine downgraded Verint Systems from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Finally, Needham & Company LLC began coverage on Verint Systems in a research report on Tuesday, October 22nd. They set a “buy” rating and a $53.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. Verint Systems currently has a consensus rating of “Buy” and a consensus target price of $64.63.

About Verint Systems

Verint Systems Inc provides actionable intelligence solutions worldwide. The company's Customer Engagement Solutions segment offers automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, and digital feedback solutions.

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