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

Shares of Verint Systems Inc. (NASDAQ:VRNT) have been given a consensus rating of “Moderate Buy” by the six analysts that are covering the firm, 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 1 year price objective among brokerages that have covered the stock in the last year is $30.33.

A number of equities research analysts have commented on VRNT shares. Royal Bank of Canada reduced their price target on Verint Systems from $36.00 to $29.00 and set an “outperform” rating on the stock in a research report on Thursday, March 27th. Evercore ISI reduced their price target on 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 lowered Verint Systems from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 price target on shares of Verint Systems in a research report on Friday, April 25th. Finally, Wedbush reduced their price target on Verint Systems from $38.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, March 28th.

Verint Systems Price Performance

Shares of VRNT opened at $18.69 on Wednesday. Verint Systems has a 12-month low of $14.15 and a 12-month high of $38.17. The business has a 50-day simple moving average of $18.30 and a two-hundred day simple moving average of $22.95. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. The stock has a market cap of $1.16 billion, a PE ratio of 19.88, a PEG ratio of 0.97 and a beta of 1.45.

Verint Systems (NASDAQ:VRNT) last issued its 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 firm had revenue of $253.50 million during the quarter, compared to analyst estimates of $276.82 million. During the same period in the previous year, the company earned $1.07 EPS. Verint Systems’s revenue for the quarter was down 4.4% on a year-over-year basis. Analysts anticipate that Verint Systems will post 1.92 earnings per share for the current fiscal year.

Insider Activity at Verint Systems

In related news, insider Peter Fante sold 9,439 shares of the company’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $16.50, for a total transaction of $155,743.50. Following the sale, the insider now owns 20,450 shares in the company, valued at $337,425. This represents a 31.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen J. Gold sold 2,744 shares of the company’s stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $16.07, for a total value of $44,096.08. Following the sale, the director now owns 28,473 shares in the company, valued at approximately $457,561.11. The trade was a 8.79% decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in Verint Systems by 7.3% in the first quarter. American Century Companies Inc. now owns 117,756 shares of the technology company’s stock worth $2,102,000 after acquiring an additional 8,020 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Verint Systems by 24.5% in the first quarter. Russell Investments Group Ltd. now owns 241,466 shares of the technology company’s stock worth $4,310,000 after acquiring an additional 47,487 shares in the last quarter. Nuveen LLC bought a new position in Verint Systems in the first quarter worth approximately $8,758,000. Invesco Ltd. boosted its holdings in Verint Systems by 21.0% in the first quarter. Invesco Ltd. now owns 118,963 shares of the technology company’s stock worth $2,123,000 after acquiring an additional 20,616 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. boosted its holdings in Verint Systems by 1.9% in the first quarter. Global Alpha Capital Management Ltd. now owns 1,750,603 shares of the technology company’s stock worth $31,248,000 after acquiring an additional 32,900 shares in the last quarter. Institutional investors own 94.95% of the company’s stock.

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.