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

Verint Systems Inc. (NASDAQ:VRNT) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $35.20.

VRNT has been the subject of a number of analyst reports. Oppenheimer restated a “market perform” rating on shares of Verint Systems in a research report on Thursday, March 28th. Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a research report on Thursday, March 28th. TheStreet upgraded Verint Systems from a “d+” rating to a “c-” rating in a research report on Wednesday, February 14th. StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $36.00 price target on shares of Verint Systems in a research report on Thursday, March 28th.

Insider Activity

In other news, CEO Dan Bodner sold 33,472 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $31.29, for a total transaction of $1,047,338.88. Following the transaction, the chief executive officer now owns 860,630 shares in the company, valued at $26,929,112.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Verint Systems news, CEO Dan Bodner sold 33,472 shares of Verint Systems stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $31.29, for a total value of $1,047,338.88. Following the transaction, the chief executive officer now owns 860,630 shares in the company, valued at $26,929,112.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Elan Moriah sold 14,353 shares of Verint Systems stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $32.62, for a total value of $468,194.86. Following the completion of the transaction, the president now owns 79,953 shares in the company, valued at approximately $2,608,066.86. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 158,988 shares of company stock worth $4,873,715. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Verint Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its holdings in Verint Systems by 764.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock worth $28,000 after acquiring an additional 917 shares in the last quarter. CWM LLC lifted its holdings in shares of Verint Systems by 241.8% during the third quarter. CWM LLC now owns 1,309 shares of the technology company’s stock worth $30,000 after purchasing an additional 926 shares during the period. Fidelis Capital Partners LLC acquired a new stake in shares of Verint Systems during the first quarter worth about $30,000. FinTrust Capital Advisors LLC lifted its holdings in shares of Verint Systems by 173.7% during the first quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company’s stock worth $39,000 after purchasing an additional 754 shares during the period. Finally, NBC Securities Inc. acquired a new stake in shares of Verint Systems during the first quarter worth about $42,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Verint Systems Price Performance

NASDAQ VRNT opened at $31.25 on Friday. Verint Systems has a one year low of $18.41 and a one year high of $40.28. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 107.76, a PEG ratio of 1.29 and a beta of 1.21. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.34 and a current ratio of 1.37. The stock has a 50-day moving average of $30.90 and a 200 day moving average of $27.60.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Wednesday, March 27th. The technology company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.04. Verint Systems had a return on equity of 16.60% and a net margin of 4.24%. The business had revenue of $265.22 million during the quarter, compared to the consensus estimate of $261.45 million. On average, sell-side analysts forecast that Verint Systems will post 1.97 EPS for the current 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.