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

Shares of Verint Systems Inc. (NASDAQ:VRNT) have earned an average recommendation of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $35.67.

A number of research firms recently commented on VRNT. StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. Jefferies Financial Group lifted their price objective on shares of Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a research report on Friday, January 10th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a research report on Wednesday, January 15th.

Verint Systems Stock Performance

NASDAQ VRNT opened at $21.94 on Tuesday. The company’s fifty day moving average is $24.14 and its two-hundred day moving average is $24.84. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 23.34, a P/E/G ratio of 0.97 and a beta of 1.29. Verint Systems has a 52-week low of $20.67 and a 52-week high of $38.17.

Institutional Trading of Verint Systems

Several hedge funds have recently added to or reduced their stakes in the company. Plato Investment Management Ltd acquired a new stake in Verint Systems during the fourth quarter worth approximately $43,000. Headlands Technologies LLC acquired a new stake in shares of Verint Systems during the 4th quarter valued at $52,000. Parkside Financial Bank & Trust bought a new stake in shares of Verint Systems during the fourth quarter worth about $52,000. Sterling Capital Management LLC increased its position in Verint Systems by 808.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company’s stock valued at $53,000 after acquiring an additional 1,713 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in Verint Systems by 45.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company’s stock worth $54,000 after purchasing an additional 613 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.