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

Shares of Verint Systems Inc. (NASDAQ:VRNT) have received an average rating of “Moderate Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $30.33.

Several brokerages recently weighed in on VRNT. Needham & Company LLC cut their target price on Verint Systems from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, March 27th. Royal Bank of Canada cut their price objective on Verint Systems from $36.00 to $29.00 and set an “outperform” rating on the stock in a report on Thursday, March 27th. StockNews.com cut Verint Systems from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Evercore ISI cut their price target on shares of Verint Systems from $34.00 to $23.00 and set an “in-line” rating on the stock in a report on Thursday, March 27th. Finally, Wedbush decreased their price objective on shares of Verint Systems from $38.00 to $30.00 and set an “outperform” rating for the company in a research note on Friday, March 28th.

Verint Systems Stock Up 0.2 %

VRNT opened at $15.99 on Friday. Verint Systems has a 12 month low of $14.15 and a 12 month high of $38.17. The business has a 50-day moving average of $20.53 and a two-hundred day moving average of $23.58. 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 stock has a market capitalization of $993.59 million, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 0.97 and a beta of 1.31.

Verint Systems (NASDAQ:VRNT) last released its earnings results on Wednesday, March 26th. The technology company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 8.49% and a return on equity of 15.79%. Verint Systems’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.07 earnings per share. On average, research analysts expect that Verint Systems will post 1.92 earnings per share for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Verint Systems

Several institutional investors and hedge funds have recently made changes to their positions in the business. Plato Investment Management Ltd bought a new position in Verint Systems during the 4th quarter valued at $43,000. Headlands Technologies LLC acquired a new position in Verint Systems in the fourth quarter worth about $52,000. Parkside Financial Bank & Trust bought a new stake in Verint Systems in the fourth quarter valued at about $52,000. Sterling Capital Management LLC raised its stake in Verint Systems by 808.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company’s stock valued at $53,000 after buying an additional 1,713 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings 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 buying an additional 613 shares during the last quarter. 94.95% of the stock is currently owned by hedge funds and other 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.