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

Verint Systems Inc. (NASDAQ:VRNT) has received an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $34.67.

A number of analysts recently weighed in on VRNT shares. TD Cowen reduced their target price on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Needham & Company LLC reissued a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a research note on Wednesday, September 25th. Evercore ISI cut their target price on 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. Wedbush reaffirmed an “outperform” rating and set a $38.00 target price on shares of Verint Systems in a report on Thursday, September 26th. Finally, Jefferies Financial Group dropped their price target on Verint Systems from $32.00 to $28.00 and set a “hold” rating on the stock in a research note on Thursday, September 5th.

Verint Systems Stock Down 1.7 %

Shares of VRNT stock opened at $24.39 on Wednesday. Verint Systems has a 1 year low of $21.27 and a 1 year high of $38.17. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.36 and a current ratio of 1.41. The business’s fifty day moving average is $23.72 and its 200-day moving average is $29.20. The stock has a market cap of $1.51 billion, a PE ratio of 36.40, a price-to-earnings-growth ratio of 1.03 and a beta of 1.25.

Verint Systems (NASDAQ:VRNT) last released its earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Verint Systems had a return on equity of 16.17% and a net margin of 6.78%. The firm had revenue of $210.17 million for the quarter, compared to analyst estimates of $212.81 million. During the same period in the previous year, the firm earned $0.22 earnings per share. Verint Systems’s revenue was up .0% on a year-over-year basis. Equities analysts expect that Verint Systems will post 1.97 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of Verint Systems

Several hedge funds and other institutional investors have recently modified their holdings of VRNT. Vanguard Group Inc. increased its position in Verint Systems by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 7,367,685 shares of the technology company’s stock worth $244,239,000 after purchasing an additional 185,105 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Verint Systems by 5.9% in the 2nd quarter. Victory Capital Management Inc. now owns 4,143,227 shares of the technology company’s stock valued at $133,412,000 after buying an additional 232,499 shares in the last quarter. Dimensional Fund Advisors LP increased 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 buying an additional 73,441 shares during the last quarter. State Street Corp raised 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 acquiring an additional 23,400 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its stake in Verint Systems by 26.5% in the third quarter. Fisher Asset Management LLC now owns 1,516,409 shares of the technology company’s stock valued at $38,411,000 after acquiring an additional 317,804 shares during the last quarter. 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.