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

Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) has earned a consensus rating of "Moderate Buy" from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Two 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 research firms recently issued reports on VRNT. Royal Bank Of Canada lowered their target price on Verint Systems from $36.00 to $29.00 and set an "outperform" rating on the stock in a research report on Thursday, March 27th. Wedbush reiterated an "outperform" rating and set a $30.00 price target on shares of Verint Systems in a report on Wednesday, June 4th. Evercore ISI reduced their price target on 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 cut Verint Systems from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $30.00 price target on shares of Verint Systems in a report on Thursday, June 5th.

Verint Systems Price Performance

Shares of VRNT traded down $0.29 during midday trading on Thursday, hitting $21.16. The stock had a trading volume of 3,316,242 shares, compared to its average volume of 950,532. The company has a 50 day simple moving average of $18.08 and a two-hundred day simple moving average of $21.03. Verint Systems has a twelve month low of $14.15 and a twelve month high of $37.31. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 0.86 and a beta of 1.43.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.12). The company had revenue of $173.62 million during the quarter, compared to analyst estimates of $194.61 million. Verint Systems had a net margin of 7.66% and a return on equity of 12.35%. Verint Systems's revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 EPS. Analysts forecast that Verint Systems will post 1.92 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Peter Fante sold 9,439 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $16.50, for a total transaction of $155,743.50. Following the completion of the sale, the insider owned 20,450 shares in the company, valued at $337,425. The trade was a 31.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stephen J. Gold sold 2,744 shares of the business's stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $16.07, for a total value of $44,096.08. Following the sale, the director owned 28,473 shares of the company's stock, valued at approximately $457,561.11. This represents 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.

Institutional Investors Weigh In On Verint Systems

Several institutional investors have recently made changes to their positions in VRNT. Strs Ohio bought a new stake in shares of Verint Systems in the first quarter valued at approximately $29,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Verint Systems in the first quarter valued at approximately $40,000. Plato Investment Management Ltd bought a new stake in shares of Verint Systems in the fourth quarter valued at approximately $43,000. Headlands Technologies LLC bought a new stake in shares of Verint Systems in the fourth quarter valued at approximately $52,000. Finally, Sterling Capital Management LLC boosted 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. 94.95% of the stock is currently owned by institutional investors.

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.