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

Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the seven ratings firms that are covering the firm, 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 twelve-month target price among brokers that have issued a report on the stock in the last year is $30.33.

A number of equities research analysts recently weighed in on VRNT shares. Royal Bank of Canada reduced their price target on shares of 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 reduced 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. Cowen reaffirmed a "buy" rating on shares of Verint Systems in a report on Wednesday, June 4th. Wall Street Zen cut shares of Verint Systems from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $30.00 target price on shares of Verint Systems in a report on Thursday, June 5th.

Verint Systems Stock Performance

VRNT traded down $0.24 on Friday, reaching $18.94. The company had a trading volume of 1,275,360 shares, compared to its average volume of 820,591. Verint Systems has a 1 year low of $14.15 and a 1 year high of $38.17. The stock has a market capitalization of $1.14 billion, a PE ratio of 20.15, a P/E/G ratio of 0.97 and a beta of 1.41. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average price of $17.30 and a 200-day moving average price of $22.17.

Verint Systems (NASDAQ:VRNT - Get Free Report) last announced its quarterly 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). Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The company had revenue of $173.62 million during the quarter, compared to analysts' expectations of $194.61 million. During the same period last year, the firm earned $0.59 earnings per share. Verint Systems's revenue was down 6.0% on a year-over-year basis. As a group, research analysts forecast that Verint Systems will post 1.92 EPS for the current fiscal year.

Insider Buying and Selling

In other Verint Systems news, Director Stephen J. Gold sold 2,744 shares of the company'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 now directly owns 28,473 shares in the company, valued at approximately $457,561.11. This represents a 8.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $155,743.50. Following the transaction, the insider now owns 20,450 shares in the company, valued at $337,425. The trade was a 31.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Verint Systems

Several large investors have recently modified their holdings of the business. Strs Ohio acquired a new stake in shares of Verint Systems in the first quarter valued at approximately $29,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position 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 valued at $38,826,000 after purchasing an additional 1,299,085 shares during the last quarter. Caxton Associates LLP acquired a new stake in shares of Verint Systems in the first quarter valued at approximately $479,000. Goldman Sachs Group Inc. grew its position in shares of Verint Systems by 6.2% in 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 last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Verint Systems during the first quarter valued at approximately $572,000. 94.95% of the stock is currently owned by institutional investors and hedge funds.

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.