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

Verint Systems Inc. (NASDAQ:VRNT) has received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $34.67.

VRNT has been the subject of several research reports. Jefferies Financial Group cut their price target 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. Wedbush reaffirmed an “outperform” rating and issued a $38.00 price target on shares of Verint Systems in a report on Thursday, September 26th. Evercore ISI lowered their price target on shares of Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a research report on Thursday, September 5th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a research report on Thursday, September 5th. Finally, TD Cowen reduced their target price on Verint Systems from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th.

Verint Systems Stock Up 0.1 %

VRNT stock opened at $21.88 on Friday. Verint Systems has a 52 week low of $18.41 and a 52 week high of $38.17. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 0.49. The company has a market cap of $1.35 billion, a P/E ratio of 45.58, a P/E/G ratio of 0.93 and a beta of 1.24. The company’s 50-day moving average price is $26.39 and its 200 day moving average price is $30.27.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The firm had revenue of $210.17 million during the quarter, compared to analyst estimates of $212.81 million. Verint Systems had a return on equity of 16.17% and a net margin of 6.78%. The business’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. On average, 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, CEO Dan Bodner sold 16,932 shares of Verint Systems stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $437,692.20. Following the completion of the sale, the chief executive officer now directly owns 592,832 shares of the company’s stock, valued at approximately $15,324,707.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Dan Bodner sold 16,932 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $437,692.20. Following the transaction, the chief executive officer now directly owns 592,832 shares in the company, valued at approximately $15,324,707.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Elan Moriah sold 7,160 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 value of $185,086.00. Following the completion of the sale, the president now directly owns 139,251 shares in the company, valued at approximately $3,599,638.35. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,811 shares of company stock valued at $874,014. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Verint Systems

Institutional investors have recently bought and sold shares of the stock. Quarry LP raised its stake in Verint Systems by 160.9% during the second quarter. Quarry LP now owns 793 shares of the technology company’s stock worth $26,000 after purchasing an additional 489 shares during the period. PNC Financial Services Group Inc. raised 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 worth $28,000 after buying an additional 917 shares during the period. Fidelis Capital Partners LLC acquired a new position in Verint Systems in the first quarter valued at $30,000. Innealta Capital LLC purchased a new stake in Verint Systems during the second quarter valued at about $36,000. Finally, FinTrust Capital Advisors LLC grew its position in Verint Systems by 173.7% during the first quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company’s stock valued at $39,000 after acquiring an additional 754 shares during the period. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

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.