Analysts Set Verint Systems Inc. (NASDAQ:VRNT) Target Price at $35.67

Shares of Verint Systems Inc. (NASDAQ:VRNT) have earned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $35.67.

A number of research analysts have commented on VRNT shares. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Monday, January 6th. Wedbush restated an “outperform” rating and set a $38.00 price objective on shares of Verint Systems in a research note on Thursday, September 26th. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price target on shares of Verint Systems in a report on Thursday, December 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of Verint Systems in a research note on Friday. Finally, Jefferies Financial Group boosted their price target on shares of Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research report on Friday, December 6th.

Insider Buying and Selling

In other news, CFO Grant A. Highlander sold 12,880 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $29.25, for a total value of $376,740.00. Following the completion of the sale, the chief financial officer now directly owns 117,137 shares of the company’s stock, valued at approximately $3,426,257.25. This represents a 9.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Peter Fante sold 16,233 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $27.52, for a total value of $446,732.16. Following the completion of the sale, the insider now directly owns 73,314 shares of the company’s stock, valued at $2,017,601.28. The trade was a 18.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Verint Systems

Several hedge funds have recently modified their holdings of VRNT. Quarry LP increased its position in shares of Verint Systems by 160.9% in the second quarter. Quarry LP now owns 793 shares of the technology company’s stock valued at $26,000 after buying an additional 489 shares in the last quarter. Lingohr Asset Management GmbH grew its holdings in shares of Verint Systems by 3.7% during the 3rd quarter. Lingohr Asset Management GmbH now owns 20,012 shares of the technology company’s stock worth $507,000 after purchasing an additional 712 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Verint Systems by 3.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,427 shares of the technology company’s stock worth $1,141,000 after purchasing an additional 1,295 shares during the period. Central Pacific Bank Trust Division boosted its holdings in Verint Systems by 29.9% in the 4th quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company’s stock worth $194,000 after acquiring an additional 1,630 shares during the period. Finally, Hennion & Walsh Asset Management Inc. raised its position in shares of Verint Systems by 4.1% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 42,676 shares of the technology company’s stock valued at $1,081,000 after purchasing an additional 1,691 shares in the last quarter. 94.95% of the stock is owned by institutional investors and hedge funds.

Verint Systems Trading Down 1.3 %

VRNT stock opened at $24.91 on Thursday. 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 company has a market capitalization of $1.55 billion, a PE ratio of 26.50, a P/E/G ratio of 1.25 and a beta of 1.24. The firm’s 50-day moving average is $26.27 and its 200 day moving average is $27.81. Verint Systems has a 12 month low of $21.27 and a 12 month high of $38.17.

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.