Verint Systems’ (VRNT) “Outperform” Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of Verint Systems (NASDAQ:VRNT) in a research note released on Thursday morning, Benzinga reports. Royal Bank of Canada currently has a $36.00 price objective on the technology company’s stock.

A number of other research firms have also weighed in on VRNT. Needham & Company LLC reiterated a buy rating and issued a $40.00 price objective on shares of Verint Systems in a research note on Thursday. StockNews.com upgraded shares of Verint Systems from a hold rating to a buy rating in a research note on Thursday, March 14th. TheStreet upgraded shares of Verint Systems from a d+ rating to a c- rating in a research note on Wednesday, February 14th. Finally, Oppenheimer restated a market perform rating on shares of Verint Systems in a research report on Thursday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Verint Systems has a consensus rating of Moderate Buy and a consensus price target of $35.20.

Verint Systems Trading Up 6.6 %

NASDAQ VRNT opened at $33.15 on Thursday. The company has a fifty day simple moving average of $30.82 and a two-hundred day simple moving average of $26.30. The stock has a market cap of $2.09 billion, a P/E ratio of 828.96, a P/E/G ratio of 1.32 and a beta of 1.20. Verint Systems has a 12-month low of $18.41 and a 12-month high of $40.28. The company has a current ratio of 1.36, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51.

Insider Activity at Verint Systems

In related news, CEO Dan Bodner sold 33,472 shares of Verint Systems stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $31.29, for a total value of $1,047,338.88. Following the completion of the transaction, the chief executive officer now owns 860,630 shares in the company, valued at $26,929,112.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Verint Systems by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 7,182,580 shares of the technology company’s stock worth $194,145,000 after acquiring an additional 73,592 shares in the last quarter. BlackRock Inc. grew its holdings in Verint Systems by 5.4% during the 1st quarter. BlackRock Inc. now owns 5,286,849 shares of the technology company’s stock worth $196,882,000 after acquiring an additional 270,971 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Verint Systems by 15.8% during the 4th quarter. Victory Capital Management Inc. now owns 4,425,278 shares of the technology company’s stock worth $160,549,000 after acquiring an additional 604,112 shares in the last quarter. RGM Capital LLC lifted its position in shares of Verint Systems by 1.4% during 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 last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Verint Systems by 6.5% during 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 last quarter. Institutional investors and hedge funds own 94.95% of the company’s stock.

About Verint Systems

Verint Systems Inc provides customer engagement solutions worldwide. It offers various applications for use in Forecasting and Scheduling, which understands the work needed to meet and exceed customer expectations; Quality and Compliance that uses automation and analytics for customer interactions for attended and self-service channels; Interaction Insights, which extracts insights from structured and unstructured customer interactions and activities; Real-Time Work that supports in-the-moment workforce activities; Engagement Channels, an application for messaging, social, chat, email, and interactive voice response; Conversational AI, an intelligent virtual assistant application to enable human-like conversations across every channel; Knowledge Management, which enables humans and bots to deliver service with tools.