Analysts Set Verint Systems Inc. (NASDAQ:VRNT) Target Price at $34.17

Verint Systems Inc. (NASDAQ:VRNT) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $34.00.

A number of analysts recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a research note on Thursday, September 5th. Jefferies Financial Group dropped their target price on shares of Verint Systems from $32.00 to $28.00 and set a “hold” rating for the company in a research report on Thursday, September 5th. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Evercore ISI lowered their price objective on Verint Systems from $34.00 to $30.00 and set an “in-line” rating for the company in a report on Thursday, September 5th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a research report on Thursday, September 5th.

Verint Systems Stock Up 0.3 %

Shares of Verint Systems stock opened at $25.89 on Friday. Verint Systems has a 1-year low of $18.41 and a 1-year high of $38.17. The company has a market capitalization of $1.61 billion, a PE ratio of 53.94, a P/E/G ratio of 1.10 and a beta of 1.24. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.41 and a quick ratio of 1.36. The business has a 50-day moving average of $32.20 and a 200-day moving average of $31.89.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Verint Systems had a net margin of 6.78% and a return on equity of 16.17%. The business had revenue of $210.17 million during the quarter, compared to analysts’ expectations of $212.81 million. During the same period in the prior year, the company posted $0.22 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. As a group, equities analysts forecast that Verint Systems will post 1.98 EPS for the current fiscal year.

Insider Activity

In related news, insider Peter Fante sold 4,417 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $36.60, for a total value of $161,662.20. Following the sale, the insider now owns 98,975 shares of the company’s stock, valued at approximately $3,622,485. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Verint Systems news, CEO Dan Bodner sold 375,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $33.76, for a total value of $12,660,000.00. Following the sale, the chief executive officer now owns 609,764 shares in the company, valued at $20,585,632.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Peter Fante sold 4,417 shares of Verint Systems stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $36.60, for a total value of $161,662.20. Following the sale, the insider now directly owns 98,975 shares in the company, valued at approximately $3,622,485. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of Verint Systems

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP increased its holdings in shares of Verint Systems by 160.9% during the second quarter. Quarry LP now owns 793 shares of the technology company’s stock valued at $26,000 after purchasing an additional 489 shares during the period. PNC Financial Services Group Inc. grew its position in Verint Systems by 764.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock valued at $28,000 after buying an additional 917 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in Verint Systems during the 1st quarter valued at about $30,000. Innealta Capital LLC bought a new stake in shares of Verint Systems during the 2nd quarter worth about $36,000. Finally, FinTrust Capital Advisors LLC lifted its stake in shares of Verint Systems by 173.7% in the 1st quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company’s stock worth $39,000 after acquiring an additional 754 shares during the period. Institutional investors 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.