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

Shares of Verint Systems Inc. (NASDAQ:VRNT) have been given an average recommendation of “Moderate Buy” by the five research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $35.20.

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

Insider Buying and Selling at Verint Systems

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Verint Systems by 1.0% in 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. RGM Capital LLC raised its position in shares of Verint Systems by 1.4% in the 3rd quarter. RGM Capital LLC now owns 3,011,394 shares of the technology company’s stock worth $69,232,000 after buying an additional 42,732 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Verint Systems by 6.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,527,443 shares of the technology company’s stock worth $58,106,000 after buying an additional 154,285 shares during the period. Wellington Management Group LLP acquired a new stake in Verint Systems in the 4th quarter valued at $34,172,000. Finally, William Blair Investment Management LLC increased its holdings in Verint Systems by 8.9% in the 3rd quarter. William Blair Investment Management LLC now owns 1,035,957 shares of the technology company’s stock valued at $23,817,000 after purchasing an additional 84,911 shares in the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Verint Systems Stock Up 1.5 %

Verint Systems stock opened at $31.25 on Friday. Verint Systems has a fifty-two week low of $18.41 and a fifty-two week high of $40.28. 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 company has a market capitalization of $1.95 billion, a P/E ratio of 107.76, a PEG ratio of 1.29 and a beta of 1.21. The stock has a 50-day simple moving average of $30.90 and a 200-day simple moving average of $27.60.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings data on Wednesday, March 27th. The technology company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.76 by $0.04. The firm had revenue of $265.22 million during the quarter, compared to the consensus estimate of $261.45 million. Verint Systems had a return on equity of 16.60% and a net margin of 4.24%. Equities research analysts expect that Verint Systems will post 1.97 earnings per share 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.