What Will Happen to Verint Systems Inc. (VRNT) Next? The Stock Just Reaches 52-Week High

June 17, 2018 - By Migdalia James

Verint Systems Inc. (NASDAQ:VRNT) Logo

Investors sentiment decreased to 1.11 in Q1 2018. Its down 0.11, from 1.22 in 2017Q4. It fall, as 23 investors sold Verint Systems Inc. shares while 73 reduced holdings. 39 funds opened positions while 68 raised stakes. 57.72 million shares or 2.41% less from 59.15 million shares in 2017Q4 were reported.
Hbk Invs Ltd Partnership reported 34,500 shares. stated it has 0.01% of its portfolio in Verint Systems Inc. (NASDAQ:VRNT). Massachusetts Svcs Ma accumulated 1.17 million shares. Cubist Systematic Strategies Limited Liability holds 0.09% of its portfolio in Verint Systems Inc. (NASDAQ:VRNT) for 36,054 shares. Golden Gate Private Equity reported 106,000 shares stake. Cornercap Inv Counsel holds 0.12% or 19,455 shares in its portfolio. Catawba Cap Mngmt Va stated it has 8,115 shares or 0.08% of all its holdings. Comerica Bank & Trust holds 0% or 12,581 shares. 113,766 are held by Qs Limited Company. Schwab Charles holds 0.02% of its portfolio in Verint Systems Inc. (NASDAQ:VRNT) for 482,506 shares. Ameriprise Financial Inc accumulated 0.03% or 1.36 million shares. Credit Suisse Ag holds 0.09% of its portfolio in Verint Systems Inc. (NASDAQ:VRNT) for 2.37 million shares. Moreover, Mackay Shields Limited Company has 0.01% invested in Verint Systems Inc. (NASDAQ:VRNT). Arrowmark Colorado Holdings Ltd Liability Company holds 0.18% or 417,000 shares. Engineers Gate Manager Lp has 0.09% invested in Verint Systems Inc. (NASDAQ:VRNT).

The stock of Verint Systems Inc. (NASDAQ:VRNT) hit a new 52-week high and has $47.53 target or 3.00 % above today’s $46.15 share price. The 6 months bullish chart indicates low risk for the $2.95B company. The 1-year high was reported on Jun, 17 by Barchart.com. If the $47.53 price target is reached, the company will be worth $88.62 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.76% or $0.35 during the last trading session, reaching $46.15. About 568,290 shares traded or 67.29% up from the average. Verint Systems Inc. (NASDAQ:VRNT) has risen 6.27% since June 17, 2017 and is uptrending. It has underperformed by 6.30% the S&P500.

Verint Systems Inc. (NASDAQ:VRNT) Ratings Coverage

Among 3 analysts covering Verint Systems Inc (NASDAQ:VRNT), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Verint Systems Inc had 5 analyst reports since March 29, 2018 according to SRatingsIntel. Oppenheimer maintained Verint Systems Inc. (NASDAQ:VRNT) rating on Tuesday, May 29. Oppenheimer has “Buy” rating and $4900 target. As per Thursday, May 17, the company rating was maintained by Oppenheimer. The firm earned “Outperform” rating on Thursday, May 31 by Imperial Capital. As per Thursday, March 29, the company rating was maintained by RBC Capital Markets. The rating was maintained by Oppenheimer on Friday, June 8 with “Buy”.

More important recent Verint Systems Inc. (NASDAQ:VRNT) news were published by: Seekingalpha.com which released: “Verint Systems Inc. (VRNT) CEO Dan Bodner on Q1 2018 Results – Earnings Call Transcript” on June 08, 2018, also Businesswire.com published article titled: “Verint Reports First Quarter Results”, Benzinga.com published: “Imperial Capital Incrementally Bullish On Verint After M&A Talk” on May 31, 2018. More interesting news about Verint Systems Inc. (NASDAQ:VRNT) was released by: Globes.Co.Il and their article: “Verint CEO: We’re looking to improve margins” with publication date: June 11, 2018.

Verint Systems Inc. provides actionable intelligence solutions and value-added services worldwide. The company has market cap of $2.95 billion. The Company’s Customer Engagement Solutions segment provides voice of the customer solutions, including interaction analytics, enterprise feedback, and digital feedback; workforce optimization solutions, such as intelligent recording, analytics-driven quality, coaching/learning, workforce management, work allocation, desktop and process analytics, robotic process automation, and performance management; employee engagement solutions comprising workforce optimization, knowledge management, employee desktop, case management, internal communities, gamification, mobile workforce apps, and voice of the employee; engagement channel solutions consisting of Web/mobile self-service, voice self-service, customer communities, email/secure messaging, Web chat, co-browse, mobile messaging, and social engagement; and security, fraud, and compliance solutions, including compliance recording, fraud and identity analytics, trading compliance, branch surveillance and investigation, and public safety compliance. It currently has negative earnings. The companyÂ’s Cyber Intelligence Solutions segment offers security and intelligence data mining software solutions, which are used for a range of applications, such as predictive intelligence, advanced and complex investigations, security threat analysis, and electronic data and physical assets protection, as well as for generating legal evidence and preventing criminal activity and terrorism.

Verint Systems Inc. (NASDAQ:VRNT) Institutional Positions Chart

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