Verint Systems Inc. (NASDAQ:VRNT) Receives $30.33 Average PT from Brokerages

Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) has received a consensus rating of "Moderate Buy" from the six brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $30.33.

VRNT has been the topic of several recent research reports. Royal Bank of Canada cut their target price on Verint Systems from $36.00 to $29.00 and set an "outperform" rating on the stock in a report on Thursday, March 27th. StockNews.com cut shares of Verint Systems from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Evercore ISI lowered their target price on shares of Verint Systems from $34.00 to $23.00 and set an "in-line" rating on the stock in a report on Thursday, March 27th. Needham & Company LLC dropped their price objective on shares of Verint Systems from $40.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, March 27th. Finally, Wedbush decreased their price target on Verint Systems from $38.00 to $30.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th.

Verint Systems Trading Up 5.0 %

NASDAQ VRNT traded up $0.85 during mid-day trading on Friday, hitting $17.70. The company's stock had a trading volume of 192,775 shares, compared to its average volume of 783,612. 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 firm has a market capitalization of $1.10 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 0.97 and a beta of 1.31. The stock's fifty day simple moving average is $19.93 and its two-hundred day simple moving average is $23.43. 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 posted its quarterly earnings data on Wednesday, March 26th. The technology company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $1.27 by ($0.28). The company had revenue of $253.50 million for the quarter, compared to the consensus estimate of $276.82 million. Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The company's revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.07 earnings per share. Research analysts expect that Verint Systems will post 1.92 EPS for the current year.

Insider Activity at Verint Systems

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 value of $155,743.50. Following the sale, the insider now owns 20,450 shares in the company, valued at $337,425. This represents a 31.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen J. Gold sold 2,744 shares of the 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 completion of the transaction, the director now directly owns 28,473 shares in the company, 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. 1.70% of the stock is owned by company insiders.

Institutional Trading of Verint Systems

Several large investors have recently modified their holdings of VRNT. Marshall Wace LLP acquired a new stake in Verint Systems in the fourth quarter valued at about $22,528,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Verint Systems by 491.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 764,498 shares of the technology company's stock valued at $20,985,000 after acquiring an additional 635,334 shares in the last quarter. Invenomic Capital Management LP bought a new stake in Verint Systems during the 4th quarter worth $14,653,000. Global Alpha Capital Management Ltd. raised its position in Verint Systems by 39.5% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 1,717,703 shares of the technology company's stock valued at $47,151,000 after purchasing an additional 486,000 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Verint Systems by 48.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,263,502 shares of the technology company's stock worth $34,683,000 after purchasing an additional 412,655 shares during the last quarter. 94.95% of the stock is 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.