Analysts Set Verint Systems Inc. (NASDAQ:VRNT) Price Target at $30.33

Verint Systems Inc. (NASDAQ:VRNT) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the company, Marketbeat.com 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 1 year target price among brokerages that have issued a report on the stock in the last year is $30.33.

A number of analysts have commented on the stock. Evercore ISI dropped their price target on shares of Verint Systems from $34.00 to $23.00 and set an “in-line” rating on the stock in a research report on Thursday, March 27th. StockNews.com downgraded shares of Verint Systems from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 target price on shares of Verint Systems in a report on Friday, April 25th. Wedbush decreased their target price on Verint Systems from $38.00 to $30.00 and set an “outperform” rating on the stock in a report on Friday, March 28th. Finally, Royal Bank of Canada decreased their price objective on shares of Verint Systems from $36.00 to $29.00 and set an “outperform” rating for the company in a research note on Thursday, March 27th.

Insiders Place Their Bets

In other Verint Systems news, Director Stephen J. Gold sold 2,744 shares of the stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $16.07, for a total transaction of $44,096.08. Following the transaction, the director now owns 28,473 shares in the company, valued at $457,561.11. This trade 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 at the SEC website. Also, insider Peter Fante sold 9,439 shares of the business’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $16.50, for a total transaction of $155,743.50. Following the completion of the sale, the insider now owns 20,450 shares of the company’s stock, valued at $337,425. The trade was 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 Trading of Verint Systems

Several large investors have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Verint Systems during the 4th quarter worth $5,276,000. KLP Kapitalforvaltning AS acquired a new position in shares of Verint Systems during the 4th quarter worth about $321,000. Fort Washington Investment Advisors Inc. OH boosted its stake in Verint Systems by 32.4% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 775,869 shares of the technology company’s stock valued at $21,298,000 after purchasing an additional 189,860 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Verint Systems in the 4th quarter valued at approximately $1,484,000. Finally, American Century Companies Inc. increased its position in Verint Systems by 9.4% in the 4th quarter. American Century Companies Inc. now owns 109,736 shares of the technology company’s stock worth $3,012,000 after buying an additional 9,411 shares during the period. 94.95% of the stock is owned by institutional investors.

Verint Systems Stock Performance

Shares of VRNT stock opened at $18.19 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. The company’s fifty day moving average price is $18.10 and its two-hundred day moving average price is $22.87. The firm has a market capitalization of $1.13 billion, a P/E ratio of 19.35, a P/E/G ratio of 0.97 and a beta of 1.45. Verint Systems has a 12 month low of $14.15 and a 12 month high of $38.17.

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