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

Shares of Verint Systems Inc. (NASDAQ:VRNT) have been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $35.67.

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group boosted their target price on shares of Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research note on Friday, December 6th. StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a research note on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a research note on Thursday, December 5th. Wedbush restated an “outperform” rating and issued a $38.00 price objective on shares of Verint Systems in a research note on Thursday, September 26th. Finally, Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a research note on Friday.

Verint Systems Price Performance

Shares of VRNT opened at $25.23 on Thursday. The firm has a market cap of $1.57 billion, a PE ratio of 26.84, a P/E/G ratio of 1.25 and a beta of 1.24. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The firm has a fifty day simple moving average of $26.21 and a two-hundred day simple moving average of $27.89. Verint Systems has a 1-year low of $21.27 and a 1-year high of $38.17.

Insider Buying and Selling at Verint Systems

In related news, CFO Grant A. Highlander sold 12,880 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $29.25, for a total value of $376,740.00. Following the completion of the transaction, the chief financial officer now owns 117,137 shares of the company’s stock, valued at approximately $3,426,257.25. This trade represents a 9.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter Fante sold 16,233 shares of the stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $27.52, for a total transaction of $446,732.16. Following the completion of the transaction, the insider now directly owns 73,314 shares of the company’s stock, valued at approximately $2,017,601.28. The trade was a 18.13 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Institutional Trading of Verint Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP raised its position in Verint Systems by 160.9% in the 2nd quarter. Quarry LP now owns 793 shares of the technology company’s stock worth $26,000 after purchasing an additional 489 shares during the period. Quantbot Technologies LP purchased a new stake in Verint Systems in the 3rd quarter worth about $58,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Verint Systems during the second quarter worth approximately $138,000. CWM LLC increased its position in shares of Verint Systems by 135.0% during the third quarter. CWM LLC now owns 5,660 shares of the technology company’s stock worth $143,000 after acquiring an additional 3,251 shares during the period. Finally, Central Pacific Bank Trust Division increased its position in shares of Verint Systems by 29.9% during the fourth quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company’s stock worth $194,000 after acquiring an additional 1,630 shares during the period. 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.