Verint Systems Inc. (NASDAQ:VRNT) Receives $34.67 Average PT from Analysts

Shares of Verint Systems Inc. (NASDAQ:VRNT) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $34.67.

Several equities analysts have commented on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price target on shares of Verint Systems in a research note on Thursday, September 5th. TD Cowen dropped their price target on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a research note on Wednesday, September 25th. Evercore ISI dropped 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. Finally, StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th.

Verint Systems Stock Up 2.5 %

VRNT stock opened at $24.43 on Wednesday. The company’s 50 day moving average price is $23.75 and its 200 day moving average price is $29.28. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.36 and a current ratio of 1.41. Verint Systems has a fifty-two week low of $21.27 and a fifty-two week high of $38.17. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 36.46, a PEG ratio of 0.98 and a beta of 1.25.

Verint Systems (NASDAQ:VRNT) last released its 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 16.17% and a net margin of 6.78%. The firm had revenue of $210.17 million for the quarter, compared to analysts’ expectations of $212.81 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The firm’s quarterly revenue was up .0% on a year-over-year basis. On average, equities research analysts anticipate that Verint Systems will post 1.97 EPS for the current fiscal year.

Insider Activity

In related news, CEO Dan Bodner sold 16,932 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 592,832 shares of the company’s stock, valued at $15,324,707.20. This trade represents a 2.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Grant A. Highlander sold 3,389 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $87,605.65. Following the sale, the chief financial officer now directly owns 131,267 shares of the company’s stock, valued at approximately $3,393,251.95. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,811 shares of company stock valued at $874,014. 1.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Verint Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of VRNT. Quarry LP increased its position in shares of Verint Systems by 160.9% in 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 in the last quarter. Innealta Capital LLC acquired a new position in Verint Systems in the 2nd quarter valued at about $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Verint Systems in the 2nd quarter valued at about $43,000. Quantbot Technologies LP acquired a new position in Verint Systems in the 3rd quarter valued at about $58,000. Finally, SG Americas Securities LLC acquired a new position in Verint Systems in the 1st quarter valued at about $128,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

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.