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

Verint Systems Inc. (NASDAQ:VRNT) has earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $35.67.

Several equities research analysts recently commented on VRNT shares. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a report on Thursday, December 5th. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating 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 report on Thursday, December 5th. Wedbush reaffirmed an “outperform” rating and issued a $38.00 target price on shares of Verint Systems in a research report on Thursday, September 26th. Finally, Evercore ISI decreased 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 research note on Thursday, September 5th.

Insiders Place Their Bets

In related news, CFO Grant A. Highlander sold 12,880 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $29.25, for a total transaction of $376,740.00. Following the completion of the transaction, the chief financial officer now directly owns 117,137 shares in the company, valued at approximately $3,426,257.25. The trade was a 9.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Verint Systems

Several large investors have recently added to or reduced their stakes in VRNT. Fisher Asset Management LLC lifted its position in shares of Verint Systems by 26.5% in the third quarter. Fisher Asset Management LLC now owns 1,516,409 shares of the technology company’s stock valued at $38,411,000 after acquiring an additional 317,804 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in 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 worth $133,412,000 after purchasing an additional 232,499 shares in the last quarter. Global Alpha Capital Management Ltd. boosted its stake in Verint Systems by 22.6% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company’s stock worth $31,199,000 after purchasing an additional 227,000 shares during the period. Fort Washington Investment Advisors Inc. OH grew its holdings in Verint Systems by 35.1% during the 2nd 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. Finally, Disciplined Growth Investors Inc. MN bought a new stake in shares of Verint Systems during the third quarter valued at approximately $5,083,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Verint Systems Stock Down 3.3 %

Verint Systems stock opened at $27.29 on Friday. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 1.25 and a beta of 1.28. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. Verint Systems has a 12 month low of $21.27 and a 12 month high of $38.17. The stock has a fifty day simple moving average of $24.83 and a two-hundred day simple moving average of $28.81.

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.