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

Verint Systems Inc. (NASDAQ:VRNT) has been given an average rating of “Moderate Buy” by the seven analysts that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $34.67.

A number of analysts have recently issued reports on the company. Wedbush reiterated an “outperform” rating and set a $38.00 target price on shares of Verint Systems in a report on Thursday, September 26th. StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Jefferies Financial Group decreased their target price on Verint Systems from $32.00 to $28.00 and set a “hold” rating for the company in a report on Thursday, September 5th. TD Cowen decreased their target price on Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Finally, Evercore ISI decreased their price target on Verint Systems from $34.00 to $30.00 and set an “in-line” rating for the company in a report on Thursday, September 5th.

Insider Buying and Selling at Verint Systems

In related news, insider Peter Fante sold 6,330 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $163,630.50. Following the sale, the insider now directly owns 91,334 shares of the company’s stock, valued at approximately $2,360,983.90. This represents a 6.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Grant A. Highlander sold 3,389 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were 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 in the company, 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. Insiders have sold a total of 33,811 shares of company stock valued at $874,014 in the last three months. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Verint Systems

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Verint Systems by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 7,367,685 shares of the technology company’s stock valued at $244,239,000 after acquiring an additional 185,105 shares in the last quarter. Victory Capital Management Inc. increased its position in Verint Systems by 5.9% in the second quarter. Victory Capital Management Inc. now owns 4,143,227 shares of the technology company’s stock worth $133,412,000 after buying an additional 232,499 shares during the period. Dimensional Fund Advisors LP increased its position in Verint Systems by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,918,925 shares of the technology company’s stock worth $61,792,000 after buying an additional 73,441 shares during the period. State Street Corp increased its position in Verint Systems by 1.5% in the third quarter. State Street Corp now owns 1,573,801 shares of the technology company’s stock worth $39,864,000 after buying an additional 23,400 shares during the period. Finally, Fisher Asset Management LLC increased its position in Verint Systems by 26.5% in the third quarter. Fisher Asset Management LLC now owns 1,516,409 shares of the technology company’s stock worth $38,411,000 after buying an additional 317,804 shares during the period. 94.95% of the stock is owned by institutional investors and hedge funds.

Verint Systems Stock Up 2.5 %

VRNT opened at $24.43 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.41 and a quick ratio of 1.36. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 36.46, a price-to-earnings-growth ratio of 0.98 and a beta of 1.25. The business has a 50-day moving average of $23.75 and a two-hundred day moving average of $29.28. Verint Systems has a 12 month low of $21.27 and a 12 month high of $38.17.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). Verint Systems had a net margin of 6.78% and a return on equity of 16.17%. The business had revenue of $210.17 million during the quarter, compared to analysts’ expectations of $212.81 million. During the same quarter last year, the firm earned $0.22 EPS. The firm’s quarterly revenue was up .0% compared to the same quarter last year. On average, research analysts expect that Verint Systems will post 1.97 earnings per share for the current year.

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.