Verint Systems (NASDAQ:VRNT) Stock Price Up 8.4% - Still a Buy?

Shares of Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) rose 8.4% during trading on Thursday . The company traded as high as $19.62 and last traded at $19.61. Approximately 2,527,252 shares were traded during mid-day trading, an increase of 195% from the average daily volume of 857,386 shares. The stock had previously closed at $18.09.

Analysts Set New Price Targets

VRNT has been the topic of a number of analyst reports. Cowen reiterated a "buy" rating on shares of Verint Systems in a research note on Wednesday, June 4th. 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. Wedbush reissued an "outperform" rating and issued a $30.00 price objective on shares of Verint Systems in a research note on Wednesday, June 4th. Wall Street Zen cut Verint Systems from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $30.00 price target on shares of Verint Systems in a research note on Thursday, June 5th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $30.33.

Verint Systems Price Performance

The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 23.65, a P/E/G ratio of 0.72 and a beta of 1.41. The firm's fifty day moving average price is $17.62 and its 200-day moving average price is $21.56.

Verint Systems (NASDAQ:VRNT - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $173.62 million for the quarter, compared to the consensus estimate of $194.61 million. Verint Systems had a return on equity of 12.35% and a net margin of 7.66%. The company's revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 EPS. On average, research analysts predict that Verint Systems Inc. will post 1.92 earnings per share for the current year.

Insider Transactions at Verint Systems

In other Verint Systems news, Director Stephen J. Gold sold 2,744 shares of the business's stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $16.07, for a total transaction of $44,096.08. Following the sale, the director now directly owns 28,473 shares of the company's stock, valued at $457,561.11. The trade was a 8.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Peter Fante sold 9,439 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $16.50, for a total transaction of $155,743.50. Following the transaction, the insider now directly owns 20,450 shares of the company's stock, valued at $337,425. The trade was a 31.58% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On Verint Systems

Hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Verint Systems in the 4th quarter valued at about $5,276,000. Parallel Advisors LLC grew its position in shares of Verint Systems by 14,079.2% during the 1st quarter. Parallel Advisors LLC now owns 3,403 shares of the technology company's stock worth $61,000 after buying an additional 3,379 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Verint Systems in the 4th quarter valued at $321,000. Northern Trust Corp lifted its position in shares of Verint Systems by 1.5% during the 4th quarter. Northern Trust Corp now owns 639,234 shares of the technology company's stock valued at $17,547,000 after acquiring an additional 9,361 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its stake in Verint Systems by 9,634.9% during the first quarter. Harbor Capital Advisors Inc. now owns 14,505 shares of the technology company's stock worth $259,000 after acquiring an additional 14,356 shares in the last quarter. Institutional investors own 94.95% of the company's stock.

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.

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