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

Shares of Verint Systems Inc. (NASDAQ:VRNT) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat.com 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 12 month price objective among brokerages that have covered the stock in the last year is $34.67.

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 price target on shares of Verint Systems in a research report on Thursday, September 5th. StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. TD Cowen lowered their price target on Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Wedbush restated an “outperform” rating and issued a $38.00 target price on shares of Verint Systems in a report on Thursday, September 26th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a research note on Wednesday, September 25th.

Verint Systems Price Performance

NASDAQ:VRNT opened at $21.94 on Friday. The stock has a market cap of $1.35 billion, a PE ratio of 45.71, a P/E/G ratio of 0.93 and a beta of 1.24. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 0.49. The business’s 50-day simple moving average is $25.72 and its two-hundred day simple moving average is $30.06. Verint Systems has a 52 week low of $18.45 and a 52 week high of $38.17.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data 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 company had revenue of $210.17 million for the quarter, compared to the consensus estimate of $212.81 million. Verint Systems had a net margin of 6.78% and a return on equity of 16.17%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.22 EPS. As a group, analysts forecast that Verint Systems will post 1.97 EPS for the current fiscal year.

Insider Transactions at Verint Systems

In other news, 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 completion of the sale, the chief financial officer now owns 131,267 shares of the company’s stock, valued at approximately $3,393,251.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Peter Fante sold 6,330 shares of Verint Systems 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 $163,630.50. Following the transaction, the insider now owns 91,334 shares of the company’s stock, valued at $2,360,983.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Grant A. Highlander sold 3,389 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $87,605.65. Following the sale, the chief financial officer now directly owns 131,267 shares of the company’s stock, valued at $3,393,251.95. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,811 shares of company stock valued at $874,014. 1.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Verint Systems

A number of large investors have recently made changes to their positions in VRNT. Vanguard Group Inc. increased its position in shares of 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 period. Victory Capital Management Inc. boosted its holdings in shares of Verint Systems by 5.9% in the 2nd quarter. Victory Capital Management Inc. now owns 4,143,227 shares of the technology company’s stock valued at $133,412,000 after acquiring an additional 232,499 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of 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 purchasing an additional 73,441 shares during the last quarter. Global Alpha Capital Management Ltd. lifted its position in Verint Systems by 23.3% during the first quarter. Global Alpha Capital Management Ltd. now owns 968,303 shares of the technology company’s stock valued at $32,099,000 after purchasing an additional 182,800 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in 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 purchasing an additional 211,570 shares during the last quarter. 94.95% of the stock is owned by institutional investors and hedge funds.

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.