Verint Systems Inc. (NASDAQ:VRNT) Receives Average Rating of “Moderate Buy” from Brokerages

Verint Systems Inc. (NASDAQ:VRNT) has earned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $34.67.

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

Verint Systems Price Performance

VRNT opened at $24.43 on Wednesday. The business has a fifty day moving average of $23.75 and a 200 day moving average of $29.25. The stock has a market cap of $1.51 billion, a P/E ratio of 36.46, a PEG ratio of 1.03 and a beta of 1.25. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 0.49. Verint Systems has a 52-week low of $21.27 and a 52-week 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 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 company had revenue of $210.17 million during the quarter, compared to the consensus estimate of $212.81 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. As a group, sell-side analysts anticipate that Verint Systems will post 1.97 EPS for the current year.

Insider Activity

In other news, CEO Dan Bodner sold 16,932 shares of Verint Systems stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $437,692.20. Following the sale, the chief executive officer now owns 592,832 shares in the company, 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, President Elan Moriah sold 7,160 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $185,086.00. Following the transaction, the president now owns 139,251 shares of the company’s stock, valued at approximately $3,599,638.35. This trade represents a 4.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,811 shares of company stock valued at $874,014 in the last ninety days. Insiders own 1.70% of the company’s stock.

Institutional Trading of Verint Systems

A number of institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in Verint Systems during the 1st quarter worth $128,000. ProShare Advisors LLC grew its stake in Verint Systems by 12.4% during the 1st quarter. ProShare Advisors LLC now owns 15,625 shares of the technology company’s stock valued at $518,000 after acquiring an additional 1,723 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Verint Systems by 23.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 22,254 shares of the technology company’s stock valued at $738,000 after acquiring an additional 4,210 shares during the last quarter. Vanguard Group Inc. lifted its stake 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 worth $244,239,000 after purchasing an additional 185,105 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Verint Systems by 46.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 104,984 shares of the technology company’s stock worth $3,481,000 after purchasing an additional 33,303 shares in the last quarter. 94.95% of the stock is owned by institutional investors and hedge funds.

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.