Shares of Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $31.09, but opened at $35.00. Verint Systems shares last traded at $35.34, with a volume of 349,364 shares.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on VRNT. TheStreet upgraded Verint Systems from a "d+" rating to a "c-" rating in a research note on Wednesday, February 14th. Needham & Company LLC reiterated a "buy" rating and issued a $40.00 target price on shares of Verint Systems in a research report on Thursday. Oppenheimer reiterated a "market perform" rating on shares of Verint Systems in a research report on Thursday. Royal Bank of Canada reissued an "outperform" rating and issued a $36.00 price target on shares of Verint Systems in a report on Thursday. Finally, StockNews.com raised Verint Systems from a "hold" rating to a "buy" rating in a report on Thursday, March 14th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.20.
Get Our Latest Analysis on VRNT
Verint Systems Trading Up 6.6 %
The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.33 and a current ratio of 1.36. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 828.96, a P/E/G ratio of 1.32 and a beta of 1.20. The company has a 50 day moving average price of $30.82 and a two-hundred day moving average price of $26.30.
Insider Buying and Selling
In related news, CEO Dan Bodner sold 33,472 shares of the business's stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $31.29, for a total transaction of $1,047,338.88. Following the completion of the sale, the chief executive officer now directly 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 can be accessed through the SEC website. 2.20% of the stock is owned by company insiders.
Institutional Trading of Verint Systems
Large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its position in Verint Systems by 764.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company's stock valued at $28,000 after purchasing an additional 917 shares in the last quarter. CWM LLC raised its position in Verint Systems by 241.8% in the 3rd quarter. CWM LLC now owns 1,309 shares of the technology company's stock valued at $30,000 after purchasing an additional 926 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in Verint Systems in the 1st quarter valued at about $35,000. KBC Group NV acquired a new stake in Verint Systems in the 4th quarter valued at about $43,000. Finally, Tower Research Capital LLC TRC raised its position in Verint Systems by 60.2% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,801 shares of the technology company's stock valued at $67,000 after purchasing an additional 677 shares in the last quarter. 94.95% of the stock is currently owned by hedge funds and other institutional investors.
Verint Systems Company Profile
(
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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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