Verint Systems Inc. (NASDAQ:VRNT) Receives $35.20 Consensus PT from Analysts

Verint Systems Inc. (NASDAQ:VRNT) has been assigned an average recommendation of “Moderate Buy” from the five analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $35.20.

A number of research firms have recently issued reports on VRNT. StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Oppenheimer restated a “market perform” rating on shares of Verint Systems in a research report on Thursday, March 28th. Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a research report on Thursday, March 28th. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 price target on shares of Verint Systems in a research report on Thursday, March 28th. Finally, TheStreet upgraded shares of Verint Systems from a “d+” rating to a “c-” rating in a research report on Wednesday, February 14th.

Insider Buying and Selling

In other Verint Systems news, CEO Dan Bodner sold 44,335 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $30.09, for a total transaction of $1,334,040.15. Following the transaction, the chief executive officer now owns 898,234 shares of the company’s stock, valued at approximately $27,027,861.06. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Verint Systems news, President Elan Moriah sold 14,353 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $32.62, for a total transaction of $468,194.86. Following the transaction, the president now owns 79,953 shares of the company’s stock, valued at approximately $2,608,066.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Dan Bodner sold 44,335 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $30.09, for a total transaction of $1,334,040.15. Following the transaction, the chief executive officer now directly owns 898,234 shares in the company, valued at approximately $27,027,861.06. The disclosure for this sale can be found here. Insiders have sold a total of 158,988 shares of company stock valued at $4,873,715 in the last quarter. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Verint Systems

Large investors have recently bought and sold shares of the stock. Wellington Management Group LLP bought a new position in shares of Verint Systems during the 4th quarter valued at about $34,172,000. Norges Bank bought a new position in shares of Verint Systems during the 4th quarter valued at about $18,601,000. Fort Washington Investment Advisors Inc. OH boosted its position in shares of Verint Systems by 56.0% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 657,489 shares of the technology company’s stock valued at $17,772,000 after purchasing an additional 235,900 shares in the last quarter. Massachusetts Financial Services Co. MA boosted 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 valued at $58,106,000 after purchasing an additional 154,285 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in shares of Verint Systems during the 4th quarter valued at about $3,352,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

Verint Systems Trading Up 0.9 %

NASDAQ VRNT opened at $31.53 on Friday. Verint Systems has a 12 month low of $18.41 and a 12 month 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 1.34. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 108.73, a price-to-earnings-growth ratio of 1.32 and a beta of 1.21. The company’s fifty day moving average price is $30.91 and its two-hundred day moving average price is $27.78.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings data on Wednesday, March 27th. The technology company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. Verint Systems had a net margin of 4.24% and a return on equity of 16.60%. The firm had revenue of $265.22 million for the quarter, compared to the consensus estimate of $261.45 million. As a group, research analysts predict that Verint Systems will post 1.97 earnings per share for the current fiscal 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.