Verint Systems (NASDAQ:VRNT) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Verint Systems (NASDAQ:VRNT) had its price objective increased by research analysts at Jefferies Financial Group from $28.00 to $34.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the technology company’s stock. Jefferies Financial Group’s target price indicates a potential upside of 11.00% from the stock’s current price.

VRNT has been the topic of a number of other research reports. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a research report on Thursday. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. TD Cowen reduced their price target on Verint Systems from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Wedbush reiterated an “outperform” rating and issued a $38.00 price objective on shares of Verint Systems in a research report on Thursday, September 26th. Finally, Evercore ISI dropped their price objective 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. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.67.

Verint Systems Stock Performance

Shares of Verint Systems stock opened at $30.63 on Friday. The company has a market cap of $1.90 billion, a PE ratio of 32.59, a price-to-earnings-growth ratio of 1.10 and a beta of 1.28. 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 $21.27 and a 52 week high of $38.17. The business has a 50 day moving average price of $23.86 and a 200-day moving average price of $28.86.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The business had revenue of $210.17 million for the quarter, compared to the consensus estimate of $212.81 million. Verint Systems had a net margin of 8.49% and a return on equity of 16.04%. The firm’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.22 earnings per share. Equities analysts anticipate that Verint Systems will post 1.97 earnings per share for the current fiscal year.

Insider Transactions at Verint Systems

In other news, CFO Grant A. Highlander sold 3,389 shares of Verint Systems stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $87,605.65. Following the sale, the chief financial officer now owns 131,267 shares of the company’s stock, valued at approximately $3,393,251.95. The trade was a 2.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Dan Bodner sold 16,932 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $437,692.20. Following the completion of the transaction, the chief executive officer now directly owns 592,832 shares of the company’s stock, valued at approximately $15,324,707.20. The trade was a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,811 shares of company stock worth $874,014. 1.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Verint Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP lifted its position in 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 buying an additional 489 shares during the period. Innealta Capital LLC bought a new position in shares of Verint Systems in the 2nd quarter worth about $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Verint Systems during the 2nd quarter valued at about $43,000. Quantbot Technologies LP bought a new stake in Verint Systems during the third quarter worth about $58,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Verint Systems in the second quarter worth about $138,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

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.