Verint Systems Inc. (NASDAQ:VRNT) Receives $65.80 Consensus Target Price from Analysts

Shares of Verint Systems Inc. (NASDAQ:VRNTGet Rating) have been assigned an average rating of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $65.80.

A number of research analysts have weighed in on the stock. The Goldman Sachs Group lowered shares of Verint Systems from a “buy” rating to a “neutral” rating and set a $57.00 target price on the stock. in a research note on Tuesday, April 12th. Royal Bank of Canada raised their price target on shares of Verint Systems from $57.00 to $61.00 and gave the stock an “outperform” rating in a report on Wednesday, March 30th. Zacks Investment Research downgraded shares of Verint Systems from a “hold” rating to a “sell” rating in a report on Wednesday, April 6th. TheStreet downgraded shares of Verint Systems from a “b-” rating to a “c” rating in a report on Tuesday, April 12th. Finally, StockNews.com downgraded shares of Verint Systems from a “buy” rating to a “hold” rating in a report on Friday, April 8th.

NASDAQ VRNT opened at $53.03 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.37 and a quick ratio of 1.36. The stock’s fifty day moving average price is $50.92 and its 200 day moving average price is $49.84. Verint Systems has a 1 year low of $41.46 and a 1 year high of $54.74. The company has a market cap of $3.43 billion, a price-to-earnings ratio of -757.46, a PEG ratio of 2.34 and a beta of 0.86.

Verint Systems (NASDAQ:VRNTGet Rating) last announced its quarterly earnings results on Tuesday, March 29th. The technology company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. Verint Systems had a return on equity of 12.68% and a net margin of 1.65%. The company had revenue of $234.17 million for the quarter, compared to the consensus estimate of $231.77 million. During the same period last year, the firm earned $0.82 EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. Research analysts expect that Verint Systems will post 1.62 earnings per share for the current year.

In related news, President Elan Moriah sold 8,920 shares of the stock in a transaction on Monday, April 4th. The shares were sold at an average price of $51.58, for a total value of $460,093.60. Following the transaction, the president now directly owns 90,894 shares of the company’s stock, valued at approximately $4,688,312.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Dan Bodner sold 40,120 shares of the business’s stock in a transaction on Thursday, April 7th. The shares were sold at an average price of $50.49, for a total transaction of $2,025,658.80. Following the completion of the sale, the chief executive officer now directly owns 976,483 shares of the company’s stock, valued at $49,302,626.67. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 105,116 shares of company stock valued at $5,354,750. Insiders own 1.90% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. KRS Capital Management LLC purchased a new position in shares of Verint Systems during the fourth quarter worth approximately $36,000. Alpha Paradigm Partners LLC purchased a new position in shares of Verint Systems during the fourth quarter worth about $65,000. Strs Ohio purchased a new stake in Verint Systems during the 4th quarter valued at approximately $78,000. Freemont Management S.A. purchased a new stake in Verint Systems during the 3rd quarter valued at approximately $88,000. Finally, Pinebridge Investments L.P. purchased a new position in shares of Verint Systems in the 4th quarter valued at approximately $105,000.

Verint Systems Company Profile (Get Rating)

Verint Systems Inc provides customer engagement solutions worldwide. It offers various applications for use in Forecasting and Scheduling, which understands the work needed to meet and exceed customer expectations; Quality and Compliance that uses automation and analytics for customer interactions for attended and self-service channels; Interaction Insights, which extracts insights from structured and unstructured customer interactions and activities; Real-Time Work that supports in-the-moment workforce activities; Self-Service, which connects customers and employees with information, resources, and support; Case Management that helps employees to improve efficiency, time to resolution, compliance, and customer satisfaction; and Knowledge Management, which help agents to deliver stellar service with tools.

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Analyst Recommendations for Verint Systems (NASDAQ:VRNT)

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