Verint Systems Inc. (NASDAQ:VRNT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Verint Systems Inc. (NASDAQ:VRNTGet Rating) has been given an average rating of “Moderate Buy” by the seven analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $59.40.

VRNT has been the topic of several research analyst reports. Wedbush dropped their target price on shares of Verint Systems from $65.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday. Evercore ISI dropped their target price on shares of Verint Systems to $65.00 in a research report on Thursday, June 9th. StockNews.com downgraded shares of Verint Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, August 23rd. Needham & Company LLC reissued a “buy” rating and set a $61.00 target price on shares of Verint Systems in a research report on Wednesday, June 8th. Finally, Royal Bank of Canada dropped their target price on shares of Verint Systems from $61.00 to $58.00 and set an “outperform” rating on the stock in a research report on Thursday.

Verint Systems Trading Up 0.7 %

NASDAQ VRNT opened at $42.09 on Monday. The company has a quick ratio of 1.30, a current ratio of 1.31 and a debt-to-equity ratio of 0.49. The firm has a market cap of $2.72 billion, a PE ratio of -183.00, a price-to-earnings-growth ratio of 1.87 and a beta of 0.81. The company has a 50 day moving average price of $45.91 and a 200 day moving average price of $48.49. Verint Systems has a 52 week low of $39.83 and a 52 week high of $56.39.

Verint Systems (NASDAQ:VRNTGet Rating) last posted its quarterly earnings data on Wednesday, September 7th. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.53 by $0.03. The firm had revenue of $223.63 million during the quarter, compared to analyst estimates of $225.98 million. Verint Systems had a net margin of 0.72% and a return on equity of 12.80%. Verint Systems’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.34 EPS. As a group, sell-side analysts forecast that Verint Systems will post 1.5 EPS for the current fiscal year.

Insider Activity

In other news, Director John R. Egan sold 10,000 shares of the company’s stock in a transaction on Friday, June 17th. The shares were sold at an average price of $41.51, for a total value of $415,100.00. Following the sale, the director now directly owns 36,407 shares of the company’s stock, valued at approximately $1,511,254.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Peter Fante sold 957 shares of the stock in a transaction on Tuesday, June 14th. The shares were sold at an average price of $43.21, for a total transaction of $41,351.97. Following the sale, the insider now directly owns 52,706 shares of the company’s stock, valued at $2,277,426.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John R. Egan sold 10,000 shares of the stock in a transaction on Friday, June 17th. The stock was sold at an average price of $41.51, for a total transaction of $415,100.00. Following the sale, the director now directly owns 36,407 shares in the company, valued at $1,511,254.57. The disclosure for this sale can be found here. Insiders have sold 17,246 shares of company stock valued at $729,269 in the last ninety days. Insiders own 2.40% of the company’s stock.

Institutional Trading of Verint Systems

Hedge funds have recently added to or reduced their stakes in the company. Macquarie Group Ltd. raised its position in Verint Systems by 554.3% during the second quarter. Macquarie Group Ltd. now owns 1,255,002 shares of the technology company’s stock worth $53,149,000 after acquiring an additional 1,063,190 shares during the period. JPMorgan Chase & Co. raised its position in Verint Systems by 700.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,012,388 shares of the technology company’s stock worth $53,160,000 after acquiring an additional 885,982 shares during the period. Deutsche Bank AG raised its position in Verint Systems by 61.4% during the second quarter. Deutsche Bank AG now owns 1,333,525 shares of the technology company’s stock worth $56,475,000 after acquiring an additional 507,146 shares during the period. Robeco Institutional Asset Management B.V. raised its position in Verint Systems by 1,329.4% during the second quarter. Robeco Institutional Asset Management B.V. now owns 507,927 shares of the technology company’s stock worth $21,512,000 after acquiring an additional 472,393 shares during the period. Finally, Loomis Sayles & Co. L P acquired a new position in Verint Systems during the second quarter worth $16,514,000.

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; Engagement Channels, an application for messaging, social, chat, email, and interactive voice response; Conversational AI, an intelligent virtual assistant application to enable human-like conversations across every channel; Engagement Orchestration, an application that improves employee efficiency, time to resolution, compliance, and customer satisfaction with workflows; Knowledge Management, which help agents to deliver stellar service with tools.

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