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

Shares of Verint Systems Inc. (NASDAQ:VRNT) have been given an average recommendation of “Moderate Buy” by the six research firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $30.33.

Several brokerages have recently commented on VRNT. StockNews.com downgraded Verint Systems from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Evercore ISI lowered their price objective on Verint Systems from $34.00 to $23.00 and set an “in-line” rating for the company in a research note on Thursday, March 27th. Needham & Company LLC reissued a “buy” rating and issued a $30.00 price objective on shares of Verint Systems in a research note on Friday, April 25th. Wedbush decreased their price target on Verint Systems from $38.00 to $30.00 and set an “outperform” rating for the company in a research report on Friday, March 28th. Finally, Royal Bank of Canada decreased their price target on Verint Systems from $36.00 to $29.00 and set an “outperform” rating for the company in a research report on Thursday, March 27th.

Insider Activity at Verint Systems

In other Verint Systems news, Director Stephen J. Gold sold 2,744 shares of the stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $16.07, for a total transaction of $44,096.08. Following the completion of the transaction, the director now directly owns 28,473 shares of the company’s stock, valued at approximately $457,561.11. This represents a 8.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Peter Fante sold 9,439 shares of the firm’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $16.50, for a total value of $155,743.50. Following the completion of the transaction, the insider now directly owns 20,450 shares of the company’s stock, valued at $337,425. The trade was a 31.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Verint Systems

A number of large investors have recently made changes to their positions in VRNT. Marshall Wace LLP bought a new position in shares of Verint Systems in the fourth quarter worth $22,528,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Verint Systems by 491.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 764,498 shares of the technology company’s stock worth $20,985,000 after acquiring an additional 635,334 shares during the period. Invenomic Capital Management LP bought a new position in shares of Verint Systems in the fourth quarter worth $14,653,000. Nuveen LLC bought a new position in shares of Verint Systems in the first quarter worth $8,758,000. Finally, Global Alpha Capital Management Ltd. boosted its holdings in shares of Verint Systems by 39.5% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 1,717,703 shares of the technology company’s stock worth $47,151,000 after acquiring an additional 486,000 shares during the period. 94.95% of the stock is owned by institutional investors.

Verint Systems Stock Performance

Shares of Verint Systems stock opened at $18.69 on Wednesday. The company has a market cap of $1.16 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 0.97 and a beta of 1.45. Verint Systems has a 52 week low of $14.15 and a 52 week high of $38.17. The business has a 50 day moving average price of $18.30 and a 200-day moving average price of $22.95. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Wednesday, March 26th. The technology company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.28). The company had revenue of $253.50 million during the quarter, compared to analysts’ expectations of $276.82 million. Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period last year, the company earned $1.07 earnings per share. Equities analysts anticipate that Verint Systems will post 1.92 earnings per share for the current fiscal year.

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.