Verint Systems (NASDAQ:VRNT) Receives Outperform Rating from Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Verint Systems (NASDAQ:VRNTFree Report) in a research note released on Wednesday, Benzinga reports. They currently have a $36.00 price objective on the technology company’s stock.

VRNT has been the topic of a number of other research reports. Needham & Company LLC restated a buy rating and issued a $40.00 target price on shares of Verint Systems in a research note on Wednesday. StockNews.com upgraded Verint Systems from a hold rating to a buy rating in a research note on Thursday, March 14th. Oppenheimer restated a market perform rating on shares of Verint Systems in a research note on Thursday, March 28th. Finally, TheStreet upgraded Verint Systems from a d+ rating to a c- rating in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Verint Systems has a consensus rating of Moderate Buy and a consensus price target of $35.20.

Read Our Latest Report on VRNT

Verint Systems Stock Performance

Shares of VRNT stock opened at $34.72 on Wednesday. Verint Systems has a 1-year low of $18.41 and a 1-year high of $40.28. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 119.73, a P/E/G ratio of 1.20 and a beta of 1.21. The stock’s fifty day simple moving average is $30.88 and its 200-day simple moving average is $29.41.

Verint Systems (NASDAQ:VRNTGet Free Report) last issued its quarterly earnings results on Wednesday, March 27th. The technology company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $261.45 million. On average, sell-side analysts predict that Verint Systems will post 1.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Dan Bodner sold 33,472 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 860,630 shares of the company’s stock, valued at approximately $26,929,112.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Dan Bodner sold 33,472 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 860,630 shares of the company’s stock, valued at approximately $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 the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $32.62, for a total value of $468,194.86. Following the transaction, the president now directly owns 79,953 shares of the company’s stock, valued at approximately $2,608,066.86. The disclosure for this sale can be found here. Insiders sold 158,988 shares of company stock valued at $4,873,715 over the last quarter. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Verint Systems

Several large investors have recently added to or reduced their stakes in VRNT. Wellington Management Group LLP acquired a new position in Verint Systems in the 4th quarter valued at approximately $34,172,000. Norges Bank acquired a new position in Verint Systems in the 4th quarter valued at approximately $18,601,000. Mesirow Institutional Investment Management Inc. acquired a new position in Verint Systems in the 1st quarter valued at approximately $14,675,000. Fort Washington Investment Advisors Inc. OH raised its holdings in Verint Systems by 56.0% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 657,489 shares of the technology company’s stock valued at $17,772,000 after acquiring an additional 235,900 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Verint Systems by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 7,367,685 shares of the technology company’s stock valued at $244,239,000 after acquiring an additional 185,105 shares in the last quarter. Institutional investors and hedge funds own 94.95% of the company’s stock.

About Verint Systems

(Get Free Report)

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.

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Analyst Recommendations for Verint Systems (NASDAQ:VRNT)

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