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

Shares of Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven research firms that are currently covering the stock, Marketbeat Ratings 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 target among brokers that have issued ratings on the stock in the last year is $35.67.

VRNT has been the topic of a number of analyst reports. Evercore ISI lowered their price objective on 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 price target on shares of Verint Systems in a report on Thursday, December 5th. Wedbush reissued an "outperform" rating and issued a $38.00 price objective on shares of Verint Systems in a research note on Thursday, September 26th. Jefferies Financial Group raised their price objective 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. Finally, StockNews.com raised shares of Verint Systems from a "hold" rating to a "buy" rating in a report on Thursday, September 5th.

Verint Systems Stock Performance

Verint Systems stock traded down $1.28 during trading on Friday, reaching $29.01. The company had a trading volume of 1,161,991 shares, compared to its average volume of 1,070,793. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 30.86, a price-to-earnings-growth ratio of 1.25 and a beta of 1.28. 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 firm's 50-day simple moving average is $24.43 and its 200 day simple moving average is $28.83. Verint Systems has a 52 week low of $21.27 and a 52 week high of $38.17.

Insider Buying and Selling at Verint Systems

In other Verint Systems news, CEO Dan Bodner sold 16,932 shares of Verint Systems stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $437,692.20. Following the sale, the chief executive officer now owns 592,832 shares of the company's stock, valued at $15,324,707.20. The trade was a 2.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Grant A. Highlander sold 3,389 shares of the company's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $87,605.65. Following the sale, the chief financial officer now directly owns 131,267 shares in the company, valued at $3,393,251.95. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,811 shares of company stock worth $874,014. Insiders own 1.70% of the company's stock.

Hedge Funds Weigh In On Verint Systems

A number of institutional investors and hedge funds have recently made changes to their positions in VRNT. Franklin Resources Inc. raised its position in shares of Verint Systems by 9.5% during the 3rd quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company's stock valued at $968,000 after buying an additional 3,585 shares in the last quarter. World Investment Advisors LLC bought a new stake in Verint Systems during the third quarter worth approximately $311,000. Teachers Retirement System of The State of Kentucky raised its position in Verint Systems by 7.2% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 58,880 shares of the technology company's stock valued at $1,491,000 after purchasing an additional 3,938 shares during the period. Geode Capital Management LLC lifted its stake in shares of Verint Systems by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company's stock valued at $38,004,000 after purchasing an additional 4,034 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN purchased a new position in shares of Verint Systems in the 3rd quarter worth approximately $5,083,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

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.