Needham & Company LLC reissued their buy rating on shares of Verint Systems (NASDAQ:VRNT - Free Report) in a research report report published on Thursday morning,Benzinga reports. The firm currently has a $30.00 target price on the technology company's stock.
VRNT has been the subject of several other reports. Wedbush restated an "outperform" rating and set a $30.00 price objective on shares of Verint Systems in a research report on Wednesday. Cowen restated a "buy" rating on shares of Verint Systems in a research report on Wednesday. Royal Bank of Canada dropped their price objective on Verint Systems from $36.00 to $29.00 and set an "outperform" rating for the company in a research report on Thursday, March 27th. Evercore ISI dropped their price objective on Verint Systems from $34.00 to $23.00 and set an "in-line" rating for the company in a research report on Thursday, March 27th. Finally, Wall Street Zen downgraded Verint Systems from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $30.33.
Check Out Our Latest Report on Verint Systems
Verint Systems Price Performance
Shares of NASDAQ:VRNT traded up $0.45 during trading on Thursday, reaching $18.78. 4,370,488 shares of the company traded hands, compared to its average volume of 818,269. The company's 50 day moving average is $17.11 and its two-hundred day moving average is $22.29. The firm has a market capitalization of $1.13 billion, a PE ratio of 19.98, a PEG ratio of 0.97 and a beta of 1.45. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. Verint Systems has a 52 week low of $14.15 and a 52 week high of $38.17.
Verint Systems (NASDAQ:VRNT - Get Free Report) last released its earnings results on Wednesday, June 4th. The technology company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.12). The company had revenue of $173.62 million for the quarter, compared to the consensus estimate of $194.61 million. Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The business's revenue was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 earnings per share. As a group, sell-side analysts predict that Verint Systems will post 1.92 earnings per share for the current year.
Insiders Place Their Bets
In other Verint Systems news, insider Peter Fante sold 9,439 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $16.50, for a total value of $155,743.50. Following the completion of the transaction, the insider now owns 20,450 shares of the company's stock, valued at $337,425. This represents a 31.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen J. Gold sold 2,744 shares of the company's stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $16.07, for a total value of $44,096.08. Following the completion of the transaction, the director now directly owns 28,473 shares of the company's stock, valued at approximately $457,561.11. The trade was a 8.79% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.
Hedge Funds Weigh In On Verint Systems
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Plato Investment Management Ltd acquired a new stake in shares of Verint Systems in the fourth quarter valued at about $43,000. Strs Ohio acquired a new stake in shares of Verint Systems in the first quarter valued at about $29,000. Headlands Technologies LLC acquired a new stake in shares of Verint Systems in the fourth quarter valued at about $52,000. Parkside Financial Bank & Trust acquired a new stake in shares of Verint Systems in the fourth quarter valued at about $52,000. Finally, Sterling Capital Management LLC increased its stake in shares of Verint Systems by 808.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company's stock valued at $53,000 after buying an additional 1,713 shares during the period. Institutional investors and hedge funds own 94.95% of the company's stock.
Verint Systems Company Profile
(
Get Free Report)
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.
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