Verint Systems Inc. (NASDAQ:VRNT) Given Average Rating of “Moderate Buy” by Analysts

Shares of Verint Systems Inc. (NASDAQ:VRNT) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat reports. Three 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 analysts that have issued ratings on the stock in the last year is $34.67.

Several research firms have recently commented on VRNT. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 price target on shares of Verint Systems in a report on Thursday, September 5th. Wedbush reissued an “outperform” rating and issued a $38.00 target price on shares of Verint Systems in a report on Thursday, September 26th. Jefferies Financial Group lowered 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 cut their price target on Verint Systems from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Finally, Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a research report on Wednesday, September 25th.

Insider Buying and Selling

In other Verint Systems news, CEO Dan Bodner sold 16,932 shares of Verint Systems 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 sale, the chief executive officer now owns 592,832 shares of the company’s stock, valued at $15,324,707.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Verint Systems news, CFO Grant A. Highlander sold 3,389 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 value of $87,605.65. Following the completion of the sale, the chief financial officer now directly owns 131,267 shares in the company, valued at $3,393,251.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Dan Bodner sold 16,932 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $437,692.20. Following the completion of the sale, the chief executive officer now owns 592,832 shares of the company’s stock, valued at approximately $15,324,707.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,811 shares of company stock valued at $874,014 in the last three months. 1.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Verint Systems by 2.6% in 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 during the last quarter. Victory Capital Management Inc. lifted its stake in Verint Systems by 5.9% during the second quarter. Victory Capital Management Inc. now owns 4,143,227 shares of the technology company’s stock valued at $133,412,000 after purchasing an additional 232,499 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Verint Systems by 4.0% during 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 in the last quarter. Global Alpha Capital Management Ltd. grew its position in Verint Systems by 23.3% in the first quarter. Global Alpha Capital Management Ltd. now owns 968,303 shares of the technology company’s stock worth $32,099,000 after buying an additional 182,800 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Verint Systems by 35.1% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 814,959 shares of the technology company’s stock valued at $26,242,000 after buying an additional 211,570 shares in the last quarter. 94.95% of the stock is owned by institutional investors and hedge funds.

Verint Systems Trading Up 0.1 %

NASDAQ VRNT opened at $21.88 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 0.49. The company’s fifty day simple moving average is $26.39 and its 200-day simple moving average is $30.27. Verint Systems has a 52 week low of $18.41 and a 52 week high of $38.17. The stock has a market cap of $1.35 billion, a P/E ratio of 45.58, a PEG ratio of 0.93 and a beta of 1.24.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results 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 firm had revenue of $210.17 million for 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 16.17%. The business’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 earnings per share. Equities research analysts predict that Verint Systems will post 1.97 EPS for the current fiscal year.

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.