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

Verint Systems Inc. (NASDAQ:VRNT) has been given an average rating of “Moderate Buy” by the seven brokerages that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have assigned 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.

Several research firms have weighed in on VRNT. Jefferies Financial Group raised their price target on Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a report on Friday, December 6th. Wedbush restated an “outperform” rating and issued a $38.00 price target on shares of Verint Systems in a research report on Thursday, September 26th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a research note on Thursday, December 5th. TD Cowen dropped their price objective on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Finally, Evercore ISI decreased their target price on shares of Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a research report on Thursday, September 5th.

Insider Activity

In other Verint Systems news, CFO Grant A. Highlander sold 12,880 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $29.25, for a total transaction of $376,740.00. Following the completion of the transaction, the chief financial officer now owns 117,137 shares in the company, valued at $3,426,257.25. The trade was a 9.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Verint Systems

Institutional investors and hedge funds have recently modified their holdings of the business. Fisher Asset Management LLC grew its position in Verint Systems by 26.5% in the 3rd quarter. Fisher Asset Management LLC now owns 1,516,409 shares of the technology company’s stock valued at $38,411,000 after acquiring an additional 317,804 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Verint Systems by 5.9% during the second quarter. Victory Capital Management Inc. now owns 4,143,227 shares of the technology company’s stock valued at $133,412,000 after purchasing an additional 232,499 shares during the period. Global Alpha Capital Management Ltd. grew its holdings in shares of Verint Systems by 22.6% in the third quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company’s stock worth $31,199,000 after purchasing an additional 227,000 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Verint Systems by 35.1% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 814,959 shares of the technology company’s stock worth $26,242,000 after purchasing an additional 211,570 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN purchased a new position in Verint Systems in the 3rd quarter worth about $5,083,000. 94.95% of the stock is owned by institutional investors.

Verint Systems Trading Down 3.3 %

Shares of VRNT stock opened at $27.29 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 29.03, a price-to-earnings-growth ratio of 1.25 and a beta of 1.28. Verint Systems has a 12-month low of $21.27 and a 12-month high of $38.17. The stock’s 50-day moving average price is $24.83 and its 200-day moving average price is $28.81.

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.