Verint Systems Inc. (NASDAQ:VRNT) Receives $35.20 Average PT from Analysts

Verint Systems Inc. (NASDAQ:VRNT) has been assigned an average rating of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has 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 ratings on the stock in the last year is $35.20.

VRNT has been the subject of several recent research reports. Needham & Company LLC reissued a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a report on Thursday, March 28th. Oppenheimer reissued a “market perform” rating on shares of Verint Systems in a report on Thursday, March 28th. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a report on Thursday, March 28th. TheStreet raised Verint Systems from a “d+” rating to a “c-” rating in a report on Wednesday, February 14th. Finally, StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 14th.

Insider Transactions at Verint Systems

In other news, President Elan Moriah sold 14,353 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $32.62, for a total transaction of $468,194.86. Following the completion of the transaction, the president now directly owns 79,953 shares in the company, valued at approximately $2,608,066.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, President Elan Moriah sold 14,353 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $32.62, for a total transaction of $468,194.86. Following the completion of the transaction, the president now directly owns 79,953 shares in the company, valued at approximately $2,608,066.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Dan Bodner sold 33,472 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $31.29, for a total value of $1,047,338.88. Following the transaction, the chief executive officer now owns 860,630 shares of the company’s stock, valued at $26,929,112.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 158,988 shares of company stock worth $4,873,715. 2.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Verint Systems

Several institutional investors and hedge funds have recently modified their holdings of VRNT. PNC Financial Services Group Inc. grew its position in shares of Verint Systems by 764.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock valued at $28,000 after purchasing an additional 917 shares during the period. CWM LLC grew its position in shares of Verint Systems by 241.8% in the 3rd quarter. CWM LLC now owns 1,309 shares of the technology company’s stock valued at $30,000 after purchasing an additional 926 shares during the period. Fidelis Capital Partners LLC acquired a new position in shares of Verint Systems in the 1st quarter valued at approximately $30,000. FinTrust Capital Advisors LLC grew its position in shares of Verint Systems by 173.7% in the 1st quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company’s stock valued at $39,000 after purchasing an additional 754 shares during the period. Finally, NBC Securities Inc. acquired a new position in shares of Verint Systems in the 1st quarter valued at approximately $42,000. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Verint Systems Stock Performance

Verint Systems stock opened at $31.53 on Friday. The stock has a 50-day simple moving average of $30.91 and a 200 day simple moving average of $27.78. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.49. Verint Systems has a 12-month low of $18.41 and a 12-month high of $40.28. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 108.73, a P/E/G ratio of 1.32 and a beta of 1.21.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Wednesday, March 27th. The technology company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. Verint Systems had a return on equity of 16.60% and a net margin of 4.24%. The business had revenue of $265.22 million during the quarter, compared to analysts’ expectations of $261.45 million. On average, research analysts anticipate that Verint Systems will post 1.97 earnings per share for the current fiscal year.

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.