Verint Systems Inc. (NASDAQ:VRNT) Receives $35.67 Consensus Target Price from Analysts

Verint Systems Inc. (NASDAQ:VRNT) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $35.67.

A number of research analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a research note on Wednesday, January 15th. Jefferies Financial Group raised their price target on Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a research report on Friday, January 10th. Finally, StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Tuesday, January 28th.

Insider Buying and Selling at Verint Systems

In other news, insider Peter Fante sold 16,233 shares of Verint Systems stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $27.52, for a total value of $446,732.16. Following the sale, the insider now directly owns 73,314 shares of the company’s stock, valued at approximately $2,017,601.28. The trade was a 18.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Grant A. Highlander sold 12,880 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $29.25, for a total value of $376,740.00. Following the transaction, the chief financial officer now directly owns 117,137 shares of the company’s stock, valued at approximately $3,426,257.25. The trade was a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Verint Systems

Several large investors have recently added to or reduced their stakes in VRNT. Parkside Financial Bank & Trust purchased a new position in Verint Systems during the 4th quarter valued at $52,000. Bank of New York Mellon Corp boosted its stake in shares of Verint Systems by 5.7% during the fourth quarter. Bank of New York Mellon Corp now owns 254,394 shares of the technology company’s stock valued at $6,983,000 after purchasing an additional 13,703 shares during the period. Meitav Investment House Ltd. purchased a new stake in shares of Verint Systems during the fourth quarter valued at $389,000. Ieq Capital LLC bought a new position in shares of Verint Systems in the fourth quarter worth about $618,000. Finally, New York State Teachers Retirement System purchased a new position in Verint Systems in the 4th quarter worth about $154,000. 94.95% of the stock is owned by institutional investors.

Verint Systems Trading Up 1.2 %

NASDAQ VRNT opened at $26.27 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. The stock’s 50-day simple moving average is $26.67 and its two-hundred day simple moving average is $27.03. Verint Systems has a twelve month low of $21.27 and a twelve month high of $38.17. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 1.10 and a beta of 1.24.

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.