Verint Systems Inc. (NASDAQ:VRNT) Receives $30.33 Average Price Target from Analysts

Shares of Verint Systems Inc. (NASDAQ:VRNT) have been given a consensus rating of “Moderate Buy” by the six research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $30.33.

Several research firms have weighed in on VRNT. Wedbush dropped their target price on Verint Systems from $38.00 to $30.00 and set an “outperform” rating for the company in a research report on Friday, March 28th. Royal Bank of Canada cut their target price on shares of Verint Systems from $36.00 to $29.00 and set an “outperform” rating on the stock in a research note on Thursday, March 27th. Needham & Company LLC decreased their price target on shares of Verint Systems from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, March 27th. Evercore ISI dropped their price target on shares of Verint Systems from $34.00 to $23.00 and set an “in-line” rating for the company in a research note on Thursday, March 27th. Finally, StockNews.com cut Verint Systems from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th.

Insider Buying and Selling

In related news, Director Stephen J. Gold sold 2,744 shares of the company’s stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $16.07, for a total value of $44,096.08. Following the completion of the transaction, the director now directly owns 28,473 shares of the company’s stock, valued at $457,561.11. This represents a 8.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Peter Fante sold 9,439 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $16.50, for a total transaction of $155,743.50. Following the completion of the transaction, the insider now owns 20,450 shares in the company, valued at $337,425. This represents a 31.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Verint Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Marshall Wace LLP acquired a new stake in shares of Verint Systems in the 4th quarter valued at about $22,528,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Verint Systems by 491.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 764,498 shares of the technology company’s stock valued at $20,985,000 after acquiring an additional 635,334 shares during the period. Invenomic Capital Management LP acquired a new stake in Verint Systems during the 4th quarter worth $14,653,000. Global Alpha Capital Management Ltd. increased its stake in Verint Systems by 39.5% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 1,717,703 shares of the technology company’s stock valued at $47,151,000 after purchasing an additional 486,000 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Verint Systems by 48.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,263,502 shares of the technology company’s stock valued at $34,683,000 after buying an additional 412,655 shares during the last quarter. 94.95% of the stock is owned by hedge funds and other institutional investors.

Verint Systems Trading Down 2.3 %

Shares of VRNT stock opened at $15.62 on Friday. The company has a 50-day moving average of $20.31 and a two-hundred day moving average of $23.52. The firm has a market cap of $970.60 million, a PE ratio of 16.62, a price-to-earnings-growth ratio of 0.97 and a beta of 1.31. Verint Systems has a 1-year low of $14.15 and a 1-year high of $38.17. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28.

Verint Systems (NASDAQ:VRNT) last posted its earnings results on Wednesday, March 26th. The technology company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.28). Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The company had revenue of $253.50 million during the quarter, compared to analyst estimates of $276.82 million. During the same quarter last year, the business posted $1.07 EPS. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. On average, analysts predict that Verint Systems will post 1.92 EPS for the current year.

About Verint Systems

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.