Verint Systems Inc. (NASDAQ:VRNT) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Verint Systems Inc. (NASDAQ:VRNT) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $30.33.

Several equities analysts have commented on the stock. Needham & Company LLC reiterated a “buy” rating and set a $30.00 price objective on shares of Verint Systems in a research report on Friday, April 25th. StockNews.com lowered shares of Verint Systems from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Royal Bank of Canada lowered their price objective on shares of Verint Systems from $36.00 to $29.00 and set an “outperform” rating for the company in a research report on Thursday, March 27th. Wedbush lowered their price objective on shares of Verint Systems from $38.00 to $30.00 and set an “outperform” rating for the company in a research report on Friday, March 28th. Finally, Evercore ISI lowered their price objective on shares of 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.

Verint Systems Stock Performance

VRNT opened at $18.19 on Wednesday. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 0.97 and a beta of 1.45. The company has a fifty day moving average of $18.10 and a 200 day moving average of $22.88. Verint Systems has a fifty-two week low of $14.15 and a fifty-two week high of $38.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32.

Verint Systems (NASDAQ:VRNT) last posted its earnings results on Wednesday, March 26th. The technology company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.28). The company had revenue of $253.50 million for the quarter, compared to analysts’ expectations of $276.82 million. Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The business’s revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.07 earnings per share. As a group, sell-side analysts forecast that Verint Systems will post 1.92 earnings per share for the current fiscal year.

Insider Transactions at Verint Systems

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

Institutional Investors Weigh In On Verint Systems

Several institutional investors have recently made changes to their positions in the company. Caxton Associates LLP bought a new position in Verint Systems in the 1st quarter worth about $479,000. Goldman Sachs Group Inc. raised its position in Verint Systems by 6.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,589,770 shares of the technology company’s stock valued at $28,377,000 after purchasing an additional 93,118 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Verint Systems in the 1st quarter worth $572,000. Philosophy Capital Management LLC bought a new position in shares of Verint Systems during the 1st quarter worth $10,168,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Verint Systems by 73.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 422,128 shares of the technology company’s stock valued at $7,535,000 after buying an additional 178,499 shares during the period. 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.