Verint Systems Inc. (NASDAQ:VRNT) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Verint Systems Inc. (NASDAQ:VRNT) have received an average recommendation of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $35.20.

Several research firms have recently issued reports on VRNT. Oppenheimer reaffirmed a “market perform” rating on shares of Verint Systems in a research note on Thursday, March 28th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a research note on Wednesday, June 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a research note on Wednesday, June 5th. Finally, StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th.

Insider Buying and Selling at Verint Systems

In other Verint Systems news, Director William Kurtz sold 2,110 shares of Verint Systems stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $36.54, for a total value of $77,099.40. Following the completion of the sale, the director now owns 20,193 shares in the company, valued at approximately $737,852.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Verint Systems news, Director William Kurtz sold 2,110 shares of Verint Systems stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $36.54, for a total value of $77,099.40. Following the completion of the sale, the director now owns 20,193 shares in the company, valued at approximately $737,852.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dan Bodner sold 35,039 shares of Verint Systems stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $30.00, for a total value of $1,051,170.00. Following the completion of the sale, the chief executive officer now owns 991,748 shares of the company’s stock, valued at approximately $29,752,440. The disclosure for this sale can be found here. Insiders sold 132,043 shares of company stock worth $4,065,138 in the last 90 days. 1.70% of the stock is owned by company insiders.

Institutional Trading of Verint Systems

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Verint Systems by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 7,367,685 shares of the technology company’s stock worth $244,239,000 after purchasing an additional 185,105 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Verint Systems during the 4th quarter worth about $34,172,000. Global Alpha Capital Management Ltd. grew its holdings in shares of Verint Systems by 23.3% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 968,303 shares of the technology company’s stock worth $32,099,000 after purchasing an additional 182,800 shares during the period. Norges Bank purchased a new stake in shares of Verint Systems during the 4th quarter worth about $18,601,000. Finally, Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Verint Systems by 56.0% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 657,489 shares of the technology company’s stock worth $17,772,000 after purchasing an additional 235,900 shares during the period. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Verint Systems Trading Down 0.8 %

NASDAQ:VRNT opened at $34.19 on Friday. The company has a market capitalization of $2.11 billion, a PE ratio of 71.23, a price-to-earnings-growth ratio of 1.44 and a beta of 1.21. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 0.50. Verint Systems has a 52-week low of $18.41 and a 52-week high of $40.28. The stock has a fifty day simple moving average of $31.92 and a 200-day simple moving average of $30.41.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Wednesday, March 27th. The technology company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.04. The business had revenue of $265.22 million during the quarter, compared to the consensus estimate of $261.45 million. Verint Systems had a return on equity of 16.56% and a net margin of 5.52%. On average, equities research analysts expect that Verint Systems will post 1.99 earnings per share for the current fiscal year.

Verint Systems Company Profile

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.