Short Interest in Verint Systems Inc. (NASDAQ:VRNT) Grows By 29.6%

Verint Systems Inc. (NASDAQ:VRNT) saw a large growth in short interest in August. As of August 31st, there was short interest totalling 4,330,000 shares, a growth of 29.6% from the August 15th total of 3,340,000 shares. Based on an average daily volume of 769,900 shares, the short-interest ratio is presently 5.6 days. Currently, 7.1% of the company’s stock are short sold.

Verint Systems Stock Up 5.2 %

Shares of NASDAQ VRNT opened at $26.38 on Friday. The business has a 50-day moving average price of $31.84 and a 200 day moving average price of $31.77. The stock has a market cap of $1.64 billion, a PE ratio of 54.96, a price-to-earnings-growth ratio of 1.06 and a beta of 1.24. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 0.49. Verint Systems has a 52-week low of $18.41 and a 52-week high of $38.17.

Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Verint Systems had a return on equity of 16.17% and a net margin of 6.78%. The business had revenue of $210.17 million for the quarter, compared to analysts’ expectations of $212.81 million. During the same quarter last year, the business posted $0.22 earnings per share. The business’s revenue was up .0% on a year-over-year basis. Equities research analysts forecast that Verint Systems will post 1.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Jefferies Financial Group cut their target price on Verint Systems from $32.00 to $28.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. Evercore ISI decreased their target price on Verint Systems from $34.00 to $30.00 and set an “in-line” rating for the company in a research note on Thursday, September 5th. TD Cowen dropped their price target on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Finally, Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a research report on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.00.

Insider Buying and Selling at Verint Systems

In other news, CEO Dan Bodner sold 375,000 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $33.76, for a total transaction of $12,660,000.00. Following the completion of the transaction, the chief executive officer now directly owns 609,764 shares of the company’s stock, valued at $20,585,632.64. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VRNT. Wellington Management Group LLP acquired a new stake in shares of Verint Systems during the fourth quarter worth about $34,172,000. Norges Bank acquired a new stake in Verint Systems during the 4th quarter worth approximately $18,601,000. Mesirow Institutional Investment Management Inc. purchased a new position in shares of Verint Systems in the 1st quarter valued at approximately $14,675,000. Victory Capital Management Inc. increased its holdings in shares of Verint Systems by 5.9% in the second quarter. Victory Capital Management Inc. now owns 4,143,227 shares of the technology company’s stock valued at $133,412,000 after purchasing an additional 232,499 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in shares of Verint Systems by 35.1% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 814,959 shares of the technology company’s stock worth $26,242,000 after purchasing an additional 211,570 shares during the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.

About Verint Systems

Verint Systems Inc provides customer engagement solutions worldwide. It offers forecasting and scheduling, channels and routing, knowledge management, fraud and security solutions, quality and compliance, analytics and insights, real-time assistance, self-services, financial compliance, and voice pf the consumer solutions.