Verint Systems Inc. (NASDAQ:VRNT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Verint Systems Inc. (NASDAQ:VRNT) has earned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $35.67.

Several brokerages have recently issued reports on VRNT. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a research note on Thursday, December 5th. StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research note on Monday. Jefferies Financial Group increased their price objective on shares of Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Wedbush restated an “outperform” rating and set a $38.00 target price on shares of Verint Systems in a research report on Thursday, September 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of Verint Systems in a research report on Thursday, December 5th.

Insiders Place Their Bets

In other 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 value of $376,740.00. Following the completion of the sale, the chief financial officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 transaction, the insider now owns 73,314 shares in the company, valued at $2,017,601.28. This trade represents a 18.13 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Institutional Trading of Verint Systems

A number of institutional investors and hedge funds have recently modified their holdings of VRNT. Dimensional Fund Advisors LP lifted its stake in Verint Systems by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,918,925 shares of the technology company’s stock valued at $61,792,000 after buying an additional 73,441 shares in the last quarter. State Street Corp raised its holdings in shares of Verint Systems by 1.5% during the third quarter. State Street Corp now owns 1,573,801 shares of the technology company’s stock valued at $39,864,000 after acquiring an additional 23,400 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Verint Systems by 26.5% in the third 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 in the last quarter. Geode Capital Management LLC boosted its stake in shares of Verint Systems by 0.3% in the third quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company’s stock worth $38,004,000 after acquiring an additional 4,034 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. increased its position in shares of Verint Systems by 22.6% during 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 in the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Verint Systems Price Performance

NASDAQ VRNT opened at $25.02 on Thursday. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 1.25 and a beta of 1.24. 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 stock’s fifty day moving average price is $26.06 and its 200 day moving average price is $28.01. Verint Systems has a 1 year low of $21.27 and a 1 year 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.