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

Shares of Verint Systems Inc. (NASDAQ:VRNT) have earned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $34.67.

A number of equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a research report on Thursday, September 5th. Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of Verint Systems in a research report on Wednesday, September 25th. Evercore ISI decreased their price objective on Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a report on Thursday, September 5th. Finally, Jefferies Financial Group lowered their target price on Verint Systems from $32.00 to $28.00 and set a “hold” rating for the company in a research note on Thursday, September 5th.

Verint Systems Stock Performance

Verint Systems stock opened at $23.18 on Wednesday. Verint Systems has a fifty-two week low of $21.27 and a fifty-two week high of $38.17. The firm’s fifty day moving average price is $23.87 and its 200-day moving average price is $29.41. The stock has a market cap of $1.44 billion, a P/E ratio of 34.60, a price-to-earnings-growth ratio of 0.99 and a beta of 1.25. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.36 and a current ratio of 1.41.

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

Insider Activity at Verint Systems

In other Verint Systems news, insider Peter Fante sold 6,330 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $163,630.50. Following the completion of the transaction, the insider now directly owns 91,334 shares in the company, valued at approximately $2,360,983.90. This represents a 6.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Grant A. Highlander sold 3,389 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $87,605.65. Following the completion of the sale, the chief financial officer now directly owns 131,267 shares of the company’s stock, valued at approximately $3,393,251.95. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,811 shares of company stock worth $874,014 in the last 90 days. Company insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Verint Systems

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Verint Systems by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 7,367,685 shares of the technology company’s stock worth $244,239,000 after acquiring an additional 185,105 shares during the period. Victory Capital Management Inc. grew its stake in Verint Systems by 5.9% in the second quarter. Victory Capital Management Inc. now owns 4,143,227 shares of the technology company’s stock worth $133,412,000 after purchasing an additional 232,499 shares during the period. Dimensional Fund Advisors LP raised its holdings in Verint Systems by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,918,925 shares of the technology company’s stock worth $61,792,000 after purchasing an additional 73,441 shares in the last quarter. State Street Corp lifted its position in Verint Systems by 1.5% during the third quarter. State Street Corp now owns 1,573,801 shares of the technology company’s stock valued at $39,864,000 after buying an additional 23,400 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in shares of Verint Systems by 26.5% during the 3rd quarter. Fisher Asset Management LLC now owns 1,516,409 shares of the technology company’s stock valued at $38,411,000 after buying an additional 317,804 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.