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

Verint Systems Inc. (NASDAQ:VRNT) has been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $34.00.

Several analysts recently commented on the stock. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Jefferies Financial Group decreased their target price on Verint Systems from $32.00 to $28.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a report on Thursday, September 5th. 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, Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of Verint Systems in a report on Thursday, September 5th.

Insider Buying and Selling

In related news, CEO Dan Bodner sold 375,000 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $33.76, for a total transaction of $12,660,000.00. Following the sale, the chief executive officer now owns 609,764 shares in the company, valued at approximately $20,585,632.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Verint Systems

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Trexquant Investment LP acquired a new stake in Verint Systems in the fourth quarter valued at approximately $3,352,000. Charles Schwab Investment Management Inc. grew its position in Verint Systems by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 616,463 shares of the technology company’s stock worth $16,663,000 after acquiring an additional 24,952 shares during the last quarter. Nomura Holdings Inc. grew its holdings in shares of Verint Systems by 565.7% during the fourth quarter. Nomura Holdings Inc. now owns 58,250 shares of the technology company’s stock worth $1,574,000 after purchasing an additional 49,500 shares during the last quarter. Norges Bank bought a new position in Verint Systems in the 4th quarter valued at approximately $18,601,000. Finally, Vanguard Group Inc. boosted its position in Verint Systems by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 7,182,580 shares of the technology company’s stock worth $194,145,000 after buying an additional 73,592 shares during the period. 94.95% of the stock is owned by institutional investors.

Verint Systems Price Performance

Shares of VRNT opened at $25.07 on Friday. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 52.23, a PEG ratio of 1.10 and a beta of 1.24. 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’s fifty day simple moving average is $31.94 and its 200 day simple moving average is $31.80. Verint Systems has a 1-year low of $18.41 and a 1-year high of $38.17.

Verint Systems (NASDAQ:VRNT) last posted 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). Verint Systems had a net margin of 6.78% and a return on equity of 16.17%. The business had revenue of $210.17 million during the quarter, compared to the consensus estimate of $212.81 million. During the same quarter last year, the company posted $0.22 EPS. The firm’s revenue was up .0% on a year-over-year basis. On average, research analysts forecast that Verint Systems will post 1.97 earnings per share for the current fiscal year.

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.