Brokerages Set Verint Systems Inc. (NASDAQ:VRNT) Target Price at $35.67

Shares of Verint Systems Inc. (NASDAQ:VRNT) have earned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $35.67.

A number of research analysts have weighed in on VRNT shares. Evercore ISI cut their price target on shares of Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a research note on Thursday, September 5th. Wedbush reiterated an “outperform” rating and issued a $38.00 target price on shares of Verint Systems in a research note on Thursday, September 26th. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Jefferies Financial Group boosted their price objective on Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a research report on Thursday, December 5th.

Institutional Trading of Verint Systems

Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC boosted its stake in Verint Systems by 282.1% in the second quarter. SG Americas Securities LLC now owns 14,767 shares of the technology company’s stock valued at $475,000 after buying an additional 10,902 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Verint Systems by 43.1% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 40,985 shares of the technology company’s stock valued at $1,320,000 after purchasing an additional 12,347 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Verint Systems by 154.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 168,332 shares of the technology company’s stock valued at $5,420,000 after purchasing an additional 102,225 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Verint Systems during the 2nd quarter worth approximately $43,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Verint Systems by 11.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,586 shares of the technology company’s stock valued at $405,000 after purchasing an additional 1,272 shares during the last quarter. Institutional investors own 94.95% of the company’s stock.

Verint Systems Stock Up 1.2 %

NASDAQ:VRNT opened at $29.42 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. Verint Systems has a 12-month low of $21.27 and a 12-month high of $38.17. The firm has a market capitalization of $1.83 billion, a P/E ratio of 31.30, a P/E/G ratio of 1.25 and a beta of 1.28. The stock’s fifty day simple moving average is $24.65 and its 200-day simple moving average is $28.82.

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.