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

Verint Systems Inc. (NASDAQ:VRNT) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $34.67.

VRNT has been the subject of a number of research analyst reports. TD Cowen dropped their price target on shares of 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. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a report on Thursday, September 5th. Finally, Jefferies Financial Group reduced their target price on Verint Systems from $32.00 to $28.00 and set a “hold” rating on the stock in a report on Thursday, September 5th.

Verint Systems Stock Performance

NASDAQ:VRNT opened at $24.39 on Wednesday. The firm has a 50-day moving average of $23.72 and a two-hundred day moving average of $29.20. 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 stock has a market cap of $1.51 billion, a P/E ratio of 36.40, a PEG ratio of 1.03 and a beta of 1.25. Verint Systems has a 1-year low of $21.27 and a 1-year high of $38.17.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Verint Systems had a net margin of 6.78% and a return on equity of 16.17%. The business had revenue of $210.17 million during the quarter, compared to analysts’ expectations of $212.81 million. During the same period in the prior year, the company posted $0.22 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. On average, research analysts expect that Verint Systems will post 1.97 earnings per share for the current fiscal year.

Insider Transactions at Verint Systems

In related news, CEO Dan Bodner sold 16,932 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $437,692.20. Following the sale, the chief executive officer now owns 592,832 shares of the company’s stock, valued at $15,324,707.20. This trade represents a 2.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Elan Moriah sold 7,160 shares of Verint Systems stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $185,086.00. Following the completion of the sale, the president now owns 139,251 shares in the company, valued at approximately $3,599,638.35. This represents a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,811 shares of company stock worth $874,014. 1.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Verint Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VRNT. Price T Rowe Associates Inc. MD boosted its position in Verint Systems by 46.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 104,984 shares of the technology company’s stock worth $3,481,000 after acquiring an additional 33,303 shares during the period. Global Alpha Capital Management Ltd. raised its stake in shares of Verint Systems by 22.6% during the third quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company’s stock valued at $31,199,000 after purchasing an additional 227,000 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Verint Systems by 4,185,900.0% in the second quarter. Acadian Asset Management LLC now owns 41,860 shares of the technology company’s stock worth $1,345,000 after purchasing an additional 41,859 shares during the period. L & S Advisors Inc bought a new position in Verint Systems in the 2nd quarter valued at about $1,603,000. Finally, Vanguard Group Inc. grew its position in 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 buying an additional 185,105 shares in the last quarter. 94.95% of the stock is owned by institutional investors.

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.