Verint Systems Inc. (NASDAQ:VRNT) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seven research firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $34.67.

Several research analysts have issued reports on the stock. StockNews.com upgraded shares of Verint Systems from a "hold" rating to a "buy" rating in a research report on Thursday, September 5th. TD Cowen decreased their price target on shares of Verint Systems from $40.00 to $36.00 and set a "buy" rating on the stock in a research report on Thursday, September 5th. Needham & Company LLC restated a "buy" rating and issued a $40.00 price target on shares of Verint Systems in a research report on Wednesday, September 25th. Evercore ISI decreased their price target 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. Finally, Jefferies Financial Group decreased their price target on shares of Verint Systems from $32.00 to $28.00 and set a "hold" rating on the stock in a research report on Thursday, September 5th.

Insider Buying and Selling at Verint Systems

In other Verint Systems news, President Elan Moriah sold 7,160 shares of Verint Systems stock in a transaction on Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $185,086.00. Following the completion of the sale, the president now owns 139,251 shares of the company's stock, valued at $3,599,638.35. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Peter Fante sold 6,330 shares of Verint Systems stock in a transaction on Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $163,630.50. Following the completion of the sale, the insider now owns 91,334 shares of the company's stock, valued at approximately $2,360,983.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Elan Moriah sold 7,160 shares of Verint Systems stock in a transaction on Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $185,086.00. Following the completion of the sale, the president now directly owns 139,251 shares of the company's stock, valued at approximately $3,599,638.35. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,811 shares of company stock valued at $874,014 in the last quarter. Company insiders own 1.70% of the company's stock.

Institutional Investors Weigh In On Verint Systems

Several institutional investors and hedge funds have recently modified their holdings of the business. Mesirow Institutional Investment Management Inc. acquired a new position in Verint Systems during the 1st quarter worth $14,675,000. Victory Capital Management Inc. increased its stake in shares of Verint Systems by 5.9% in the 2nd quarter. Victory Capital Management Inc. now owns 4,143,227 shares of the technology company's stock valued at $133,412,000 after buying an additional 232,499 shares during the period. Fort Washington Investment Advisors Inc. OH grew its stake in shares of Verint Systems by 35.1% during 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 period. Vanguard Group Inc. grew its stake in shares of Verint Systems by 2.6% during the first quarter. Vanguard Group Inc. now owns 7,367,685 shares of the technology company's stock worth $244,239,000 after purchasing an additional 185,105 shares during the period. Finally, Global Alpha Capital Management Ltd. grew its stake in Verint Systems by 23.3% in the first quarter. Global Alpha Capital Management Ltd. now owns 968,303 shares of the technology company's stock valued at $32,099,000 after acquiring an additional 182,800 shares during the period. Institutional investors and hedge funds own 94.95% of the company's stock.

Verint Systems Price Performance

NASDAQ:VRNT traded up $0.02 during midday trading on Friday, hitting $21.88. 555,396 shares of the stock were exchanged, compared to its average volume of 674,807. Verint Systems has a one year low of $18.41 and a one year high of $38.17. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 45.58, a P/E/G ratio of 0.93 and a beta of 1.24. The business has a 50-day moving average price of $26.39 and a two-hundred day moving average price of $30.25. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 0.49.

Verint Systems (NASDAQ:VRNT - Get Free Report) last announced its earnings results on Wednesday, September 4th. The technology company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). Verint Systems had a return on equity of 16.17% and a net margin of 6.78%. The firm had revenue of $210.17 million for the quarter, compared to the consensus estimate of $212.81 million. During the same period in the previous year, the firm earned $0.22 EPS. Verint Systems's revenue for the quarter was up .0% on a year-over-year basis. Sell-side analysts predict that Verint Systems will post 1.97 EPS for the current year.

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.