Verint Systems Inc. (NASDAQ:VRNT) Receives $34.67 Average PT from Analysts

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

Several research firms recently issued reports on VRNT. TD Cowen reduced their price target on Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Wedbush reissued an “outperform” rating and issued a $38.00 target price on shares of Verint Systems in a research report on Thursday, September 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of Verint Systems in a research report on Wednesday, September 25th. Evercore ISI decreased their target price on shares of Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a research report on Thursday, September 5th. Finally, Jefferies Financial Group dropped their price target on shares of Verint Systems from $32.00 to $28.00 and set a “hold” rating for the company in a research report on Thursday, September 5th.

Verint Systems Price Performance

Shares of VRNT opened at $23.79 on Tuesday. The company’s 50-day moving average is $29.47 and its 200-day moving average is $31.16. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.41 and a quick ratio of 1.36. The firm has a market capitalization of $1.47 billion, a PE ratio of 49.56, a PEG ratio of 1.02 and a beta of 1.24. Verint Systems has a fifty-two week low of $18.41 and a fifty-two week high of $38.17.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). Verint Systems had a net margin of 6.78% and a return on equity of 16.17%. The company had revenue of $210.17 million during the quarter, compared to the consensus estimate of $212.81 million. During the same period in the prior year, the company earned $0.22 earnings per share. The firm’s revenue was up .0% compared to the same quarter last year. Equities analysts forecast that Verint Systems will post 1.97 EPS for the current year.

Insider Buying and Selling

In other Verint Systems news, insider Peter Fante sold 6,330 shares of the business’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 transaction of $163,630.50. Following the completion of the transaction, the insider now directly owns 91,334 shares in the company, valued at $2,360,983.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Verint Systems news, insider Peter Fante sold 6,330 shares of Verint Systems stock in a transaction dated Monday, September 16th. The stock was 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 in the company, valued at $2,360,983.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Dan Bodner sold 16,932 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $437,692.20. Following the completion of the transaction, the chief executive officer now directly owns 592,832 shares of the company’s stock, valued at $15,324,707.20. This trade represents 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 worth $874,014. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of Verint Systems

A number of hedge funds have recently added to or reduced their stakes in the stock. Nomura Holdings Inc. lifted its stake in shares of Verint Systems by 565.7% in the 4th quarter. Nomura Holdings Inc. now owns 58,250 shares of the technology company’s stock valued at $1,574,000 after acquiring an additional 49,500 shares during the last quarter. Norges Bank acquired a new position in Verint Systems in the 4th quarter worth about $18,601,000. Vanguard Group Inc. raised its position in Verint Systems by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 7,182,580 shares of the technology company’s stock valued at $194,145,000 after purchasing an additional 73,592 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of Verint Systems during the fourth quarter valued at about $34,172,000. Finally, Nebula Research & Development LLC bought a new stake in shares of Verint Systems during the fourth quarter worth about $859,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

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.