Verint Systems Inc. (NASDAQ:VRNT) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the seven ratings firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $30.33.

VRNT has been the subject of several research analyst reports. Wall Street Zen lowered Verint Systems from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Evercore ISI decreased 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. Wedbush reiterated an "outperform" rating and issued a $30.00 price objective on shares of Verint Systems in a research report on Wednesday. Needham & Company LLC reiterated a "buy" rating and issued a $30.00 price objective on shares of Verint Systems in a research report on Thursday. Finally, Cowen reiterated a "buy" rating on shares of Verint Systems in a research report on Wednesday.

Verint Systems Stock Performance

Shares of VRNT stock opened at $19.09 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. The stock has a market cap of $1.15 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 0.97 and a beta of 1.41. The stock has a 50-day moving average of $17.13 and a 200-day moving average of $22.26. Verint Systems has a one year low of $14.15 and a one year high of $38.17.

Verint Systems (NASDAQ:VRNT - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The technology company reported $0.29 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 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 period last year, the company earned $0.59 earnings per share. As a group, sell-side analysts expect 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 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 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stephen J. Gold sold 2,744 shares of the company'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 transaction, the director now directly owns 28,473 shares of the company's stock, valued at approximately $457,561.11. This trade 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

Large investors have recently made changes to their positions in the stock. Plato Investment Management Ltd acquired a new stake in shares of Verint Systems in the 4th quarter valued at approximately $43,000. Strs Ohio acquired a new stake in shares of Verint Systems in the 1st quarter valued at approximately $29,000. Headlands Technologies LLC acquired a new stake in shares of Verint Systems in the 4th quarter valued at approximately $52,000. Parkside Financial Bank & Trust acquired a new stake in shares of Verint Systems in the 4th quarter valued at approximately $52,000. Finally, Sterling Capital Management LLC boosted its holdings in shares of Verint Systems by 808.0% in the 4th 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 last quarter. Institutional investors and hedge funds own 94.95% of the company's stock.

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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