Verint Systems Inc. (NASDAQ:VRNT) Given Consensus Recommendation of "Moderate Buy" by Analysts

Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $30.33.

VRNT has been the topic of several research reports. Wedbush reissued an "outperform" rating and set a $30.00 price target on shares of Verint Systems in a research report on Wednesday, June 4th. Royal Bank Of Canada dropped their target price on shares of Verint Systems from $36.00 to $29.00 and set an "outperform" rating on the stock in a report on Thursday, March 27th. Evercore ISI reduced their price target on shares of Verint Systems from $34.00 to $23.00 and set an "in-line" rating on the stock in a research report on Thursday, March 27th. Cowen reaffirmed a "buy" rating on shares of Verint Systems in a research report on Wednesday, June 4th. Finally, Wall Street Zen lowered shares of Verint Systems from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th.

Insiders Place Their Bets

In related news, insider Peter Fante sold 9,439 shares of Verint Systems stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $16.50, for a total value of $155,743.50. Following the sale, the insider directly owned 20,450 shares in the company, valued at $337,425. This trade represents a 31.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen J. Gold sold 2,744 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $457,561.11. The trade was a 8.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company's stock.

Institutional Investors Weigh In On Verint Systems

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Verint Systems by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 7,819,401 shares of the technology company's stock worth $139,576,000 after buying an additional 55,918 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Verint Systems by 15.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,479,163 shares of the technology company's stock worth $68,054,000 after acquiring an additional 338,454 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Verint Systems by 148.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,175,147 shares of the technology company's stock worth $38,826,000 after purchasing an additional 1,299,085 shares in the last quarter. Global Alpha Capital Management Ltd. grew its stake in shares of Verint Systems by 1.9% in the first quarter. Global Alpha Capital Management Ltd. now owns 1,750,603 shares of the technology company's stock worth $31,248,000 after purchasing an additional 32,900 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Verint Systems by 6.2% during the first quarter. Goldman Sachs Group Inc. now owns 1,589,770 shares of the technology company's stock valued at $28,377,000 after purchasing an additional 93,118 shares during the period. Institutional investors own 94.95% of the company's stock.

Verint Systems Stock Performance

Shares of Verint Systems stock opened at $21.44 on Thursday. Verint Systems has a 1 year low of $14.15 and a 1 year high of $37.31. The firm's 50-day simple moving average is $17.96 and its 200-day simple moving average is $21.19. The firm has a market cap of $1.29 billion, a PE ratio of 26.15, a price-to-earnings-growth ratio of 0.74 and a beta of 1.43.

Verint Systems (NASDAQ:VRNT - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.12). Verint Systems had a net margin of 7.66% and a return on equity of 12.35%. The firm had revenue of $173.62 million during the quarter, compared to the consensus estimate of $194.61 million. During the same period in the prior year, the firm earned $0.59 earnings per share. The firm's quarterly revenue was down 6.0% compared to the same quarter last year. On average, equities analysts predict that Verint Systems will post 1.92 earnings per share for the current 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.

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