Verint Systems (NASDAQ:VRNT) Given New $28.00 Price Target at Jefferies Financial Group

Verint Systems (NASDAQ:VRNT) had its target price reduced by equities research analysts at Jefferies Financial Group from $32.00 to $28.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “hold” rating on the technology company’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 6.83% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Evercore ISI cut 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a report on Wednesday, June 5th. StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a research report on Thursday. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.17.

Verint Systems Stock Down 1.2 %

Verint Systems stock opened at $26.21 on Thursday. The business has a fifty day moving average price of $32.46 and a 200-day moving average price of $31.95. Verint Systems has a 1-year low of $18.41 and a 1-year high of $38.17. 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 stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 54.61, a PEG ratio of 1.25 and a beta of 1.24.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). The company had revenue of $210.17 million during the quarter, compared to analyst estimates of $212.81 million. Verint Systems had a net margin of 6.78% and a return on equity of 16.27%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the firm earned $0.22 EPS. Equities research analysts forecast that Verint Systems will post 1.99 EPS for the current fiscal year.

Insider Activity at Verint Systems

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

Hedge Funds Weigh In On Verint Systems

Several hedge funds have recently made changes to their positions in the company. Stanley Laman Group Ltd. grew its holdings in shares of Verint Systems by 0.4% during the second quarter. Stanley Laman Group Ltd. now owns 124,470 shares of the technology company’s stock worth $4,008,000 after purchasing an additional 478 shares during the last quarter. Quarry LP grew 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 worth $26,000 after purchasing an additional 489 shares during the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Verint Systems by 4.4% during the first quarter. Verdence Capital Advisors LLC now owns 13,938 shares of the technology company’s stock worth $462,000 after purchasing an additional 584 shares during the last quarter. FinTrust Capital Advisors LLC grew its holdings in shares of Verint Systems by 173.7% during the first quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company’s stock worth $39,000 after purchasing an additional 754 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of Verint Systems by 61.2% during the fourth quarter. CWM LLC now owns 2,110 shares of the technology company’s stock worth $57,000 after purchasing an additional 801 shares during the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

About Verint Systems

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.