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

Verint Systems Inc. (NASDAQ:VRNT) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $30.33.

A number of equities research analysts recently issued reports on VRNT shares. Evercore ISI lowered their target price on shares of Verint Systems from $34.00 to $23.00 and set an “in-line” rating for the company in a report on Thursday, March 27th. Wall Street Zen downgraded shares of Verint Systems from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Wedbush restated an “outperform” rating and issued a $30.00 target price on shares of Verint Systems in a report on Wednesday, June 4th. Royal Bank Of Canada lowered their target price on shares of Verint Systems from $36.00 to $29.00 and set an “outperform” rating for the company in a report on Thursday, March 27th. Finally, Cowen restated a “buy” rating on shares of Verint Systems in a report on Wednesday, June 4th.

Insider Buying and Selling

In other Verint Systems news, insider Peter Fante sold 9,439 shares of Verint Systems stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $16.50, for a total transaction of $155,743.50. Following the transaction, the insider directly owned 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen J. Gold sold 2,744 shares of Verint Systems stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $16.07, for a total transaction of $44,096.08. Following the transaction, the director directly owned 28,473 shares in the company, valued at approximately $457,561.11. This trade represents a 8.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Plato Investment Management Ltd acquired a new position in Verint Systems during the fourth quarter valued at approximately $43,000. Strs Ohio acquired a new position in shares of Verint Systems during the first quarter worth $29,000. Headlands Technologies LLC acquired a new position in shares of Verint Systems during the fourth quarter worth $52,000. Sterling Capital Management LLC lifted its position in shares of Verint Systems by 808.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company’s stock worth $53,000 after purchasing an additional 1,713 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Verint Systems by 45.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company’s stock worth $54,000 after purchasing an additional 613 shares in the last quarter. 94.95% of the stock is owned by institutional investors and hedge funds.

Verint Systems Price Performance

Shares of NASDAQ VRNT opened at $21.16 on Thursday. The company has a market cap of $1.27 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 0.86 and a beta of 1.43. Verint Systems has a 12 month low of $14.15 and a 12 month high of $37.31. The company has a 50-day simple moving average of $18.08 and a 200-day simple moving average of $21.03.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, June 4th. The technology company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.12). The firm had revenue of $173.62 million for the quarter, compared to analysts’ expectations of $194.61 million. Verint Systems had a return on equity of 12.35% and a net margin of 7.66%. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.59 earnings per share. On average, analysts anticipate that Verint Systems will post 1.92 EPS for the current 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.