Verint Systems (NASDAQ:VRNT) Price Target Raised to $34.00

Verint Systems (NASDAQ:VRNT) had its price objective raised by Jefferies Financial Group from $28.00 to $34.00 in a report released on Friday,Benzinga reports. Jefferies Financial Group currently has a hold rating on the technology company’s stock.

VRNT has been the subject of several other reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a research report on Thursday. Wedbush reaffirmed an “outperform” rating and set a $38.00 price target on shares of Verint Systems in a research note on Thursday, September 26th. TD Cowen lowered their price objective 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. Evercore ISI reduced their target price on shares of Verint Systems from $34.00 to $30.00 and set an “in-line” rating for the company in a report on Thursday, September 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a research note on Thursday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.67.

Verint Systems Price Performance

Shares of NASDAQ VRNT opened at $30.63 on Friday. The company has a fifty day moving average price of $23.86 and a 200 day moving average price of $28.85. The firm has a market cap of $1.91 billion, a PE ratio of 32.59, a PEG ratio of 1.30 and a beta of 1.28. The company has a current ratio of 1.32, a quick ratio of 1.36 and a debt-to-equity ratio of 0.47. Verint Systems has a 1-year low of $21.27 and a 1-year high of $38.17.

Insider Buying and Selling

In other Verint Systems news, CFO Grant A. Highlander sold 3,389 shares of the business’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 $87,605.65. Following the transaction, the chief financial officer now owns 131,267 shares of the company’s stock, valued at $3,393,251.95. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Elan Moriah sold 7,160 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 $185,086.00. Following the completion of the sale, the president now owns 139,251 shares in the company, valued at $3,599,638.35. This represents a 4.89 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,811 shares of company stock worth $874,014. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Verint Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP raised 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 purchasing an additional 489 shares during the period. Innealta Capital LLC bought a new position in Verint Systems in the 2nd quarter valued at about $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Verint Systems during the second quarter worth approximately $43,000. Quantbot Technologies LP bought a new stake in shares of Verint Systems during the third quarter worth approximately $58,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Verint Systems in the second quarter valued at approximately $138,000. 94.95% of the stock is owned by institutional investors.

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.