Verint Systems’ (VRNT) Market Perform Rating Reiterated at Oppenheimer

Oppenheimer restated their market perform rating on shares of Verint Systems (NASDAQ:VRNTFree Report) in a research note issued to investors on Thursday morning, Benzinga reports.

Several other analysts have also recently issued reports on VRNT. Needham & Company LLC reiterated a buy rating and issued a $40.00 target price on shares of Verint Systems in a research note on Tuesday, January 16th. TheStreet upgraded shares of Verint Systems from a d+ rating to a c- rating in a research report on Wednesday, February 14th. StockNews.com upgraded shares of Verint Systems from a hold rating to a buy rating in a research report on Thursday, March 14th. Finally, Royal Bank of Canada restated an outperform rating and set a $36.00 price objective on shares of Verint Systems in a research report on Thursday, December 14th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Verint Systems currently has a consensus rating of Moderate Buy and a consensus price target of $35.20.

Read Our Latest Research Report on Verint Systems

Verint Systems Stock Performance

NASDAQ VRNT opened at $33.15 on Thursday. Verint Systems has a 1 year low of $18.41 and a 1 year high of $40.28. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.37 and a quick ratio of 1.33. The stock has a market capitalization of $2.09 billion, a PE ratio of 114.31, a P/E/G ratio of 1.41 and a beta of 1.20. The company’s 50 day simple moving average is $30.91 and its two-hundred day simple moving average is $26.37.

Insiders Place Their Bets

In other Verint Systems news, CEO Dan Bodner sold 33,472 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $31.29, for a total value of $1,047,338.88. Following the completion of the sale, 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 SEC, which is accessible through this link. Company insiders own 2.20% of the company’s stock.

Institutional Trading of Verint Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of VRNT. Raymond James & Associates boosted its stake in shares of Verint Systems by 12.1% in the first quarter. Raymond James & Associates now owns 7,821 shares of the technology company’s stock worth $404,000 after acquiring an additional 843 shares during the period. MetLife Investment Management LLC boosted its stake in shares of Verint Systems by 53.6% in the first quarter. MetLife Investment Management LLC now owns 34,707 shares of the technology company’s stock worth $1,794,000 after acquiring an additional 12,108 shares during the period. Great West Life Assurance Co. Can boosted its stake in shares of Verint Systems by 14.5% in the first quarter. Great West Life Assurance Co. Can now owns 3,456 shares of the technology company’s stock worth $190,000 after acquiring an additional 438 shares during the period. Dimensional Fund Advisors LP boosted its stake in Verint Systems by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,415,021 shares of the technology company’s stock valued at $73,156,000 after buying an additional 24,335 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in Verint Systems during the first quarter valued at approximately $2,533,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.

About Verint Systems

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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.

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