Verint Systems Inc. (NASDAQ:VRNT) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Verint Systems Inc. (NASDAQ:VRNT) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $34.17.

VRNT has been the topic of several research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a report on Thursday. StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday. TD Cowen cut their price objective on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday. Jefferies Financial Group dropped their price objective on shares of Verint Systems from $32.00 to $28.00 and set a “hold” rating for the company in a research note on Thursday. Finally, Evercore ISI decreased their target price on shares of Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a report on Thursday.

Verint Systems Stock Down 11.1 %

Verint Systems stock opened at $26.54 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.34 and a quick ratio of 1.30. The company’s 50-day moving average is $32.58 and its 200-day moving average is $31.99. The firm has a market capitalization of $1.64 billion, a PE ratio of 55.29, a P/E/G ratio of 1.32 and a beta of 1.26. Verint Systems has a fifty-two week low of $18.41 and a fifty-two week high of $38.17.

Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Verint Systems had a return on equity of 16.56% and a net margin of 5.52%. The business had revenue of $210.17 million for the quarter, compared to analyst estimates of $212.81 million. During the same period last year, the firm earned $0.22 EPS. Verint Systems’s quarterly revenue was up .0% compared to the same quarter last year. Sell-side analysts anticipate that Verint Systems will post 1.99 earnings per share for the current year.

Insiders Place Their Bets

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 value of $12,660,000.00. Following the transaction, the chief executive officer now directly owns 609,764 shares of the company’s stock, valued at approximately $20,585,632.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Dan Bodner sold 375,000 shares of Verint Systems stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $33.76, for a total value of $12,660,000.00. Following the completion of the sale, the chief executive officer now owns 609,764 shares in the company, valued at approximately $20,585,632.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter Fante sold 4,417 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $36.60, for a total transaction of $161,662.20. Following the transaction, the insider now directly owns 98,975 shares in the company, valued at $3,622,485. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Quarry LP increased its holdings in shares of Verint Systems by 160.9% during the second quarter. Quarry LP now owns 793 shares of the technology company’s stock valued at $26,000 after acquiring an additional 489 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Verint Systems by 764.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock valued at $28,000 after purchasing an additional 917 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in Verint Systems during the first quarter worth $30,000. Innealta Capital LLC acquired a new position in Verint Systems during the second quarter worth $36,000. Finally, FinTrust Capital Advisors LLC lifted its stake in shares of Verint Systems by 173.7% in the first quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company’s stock valued at $39,000 after buying an additional 754 shares in the last quarter. 94.95% of the stock is owned by institutional investors and hedge funds.

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.