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

Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven research firms that are currently covering the company, 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 12 month price objective among brokers that have issued ratings on the stock in the last year is $34.67.

VRNT has been the subject of a number of research reports. Evercore ISI decreased their price target on shares of Verint Systems from $34.00 to $30.00 and set an "in-line" rating for the company in a research report on Thursday, September 5th. Needham & Company LLC reiterated a "buy" rating and issued a $40.00 price objective on shares of Verint Systems in a research report on Wednesday, September 25th. Royal Bank of Canada reissued an "outperform" rating and issued a $36.00 price target on shares of Verint Systems in a research note on Thursday, September 5th. Jefferies Financial Group lowered their price objective on shares of Verint Systems from $32.00 to $28.00 and set a "hold" rating on the stock in a research note on Thursday, September 5th. Finally, TD Cowen cut their price target on shares of Verint Systems from $40.00 to $36.00 and set a "buy" rating for the company in a report on Thursday, September 5th.

Verint Systems Price Performance

Shares of NASDAQ:VRNT traded up $0.11 during midday trading on Wednesday, hitting $23.29. The company had a trading volume of 517,448 shares, compared to its average volume of 672,320. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.41 and a quick ratio of 1.36. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 34.76, a price-to-earnings-growth ratio of 0.98 and a beta of 1.25. The business's 50-day simple moving average is $23.81 and its 200-day simple moving average is $29.37. Verint Systems has a twelve month low of $21.27 and a twelve month high of $38.17.

Verint Systems (NASDAQ:VRNT - Get Free Report) last released its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). Verint Systems had a net margin of 6.78% and a return on equity of 16.17%. The business had revenue of $210.17 million during the quarter, compared to analysts' expectations of $212.81 million. During the same quarter in the previous year, the company posted $0.22 EPS. The company's revenue was up .0% compared to the same quarter last year. On average, research analysts predict that Verint Systems will post 1.97 earnings per share for the current year.

Insider Buying and Selling at Verint Systems

In other news, CFO Grant A. Highlander sold 3,389 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $87,605.65. Following the transaction, the chief financial officer now owns 131,267 shares of the company's stock, valued at $3,393,251.95. This represents a 2.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Dan Bodner sold 16,932 shares of the company's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $437,692.20. Following the completion of the sale, the chief executive officer now directly owns 592,832 shares of the company's stock, valued at $15,324,707.20. This trade represents a 2.78 % 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 three months. Corporate insiders own 1.70% of the company's stock.

Institutional Trading of Verint Systems

Several large investors have recently bought and sold shares of VRNT. Quarry LP lifted its position in Verint Systems by 160.9% during the second quarter. Quarry LP now owns 793 shares of the technology company's stock valued at $26,000 after purchasing an additional 489 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Verint Systems in the 2nd quarter valued at approximately $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Verint Systems in the second quarter worth $43,000. Quantbot Technologies LP purchased a new position in shares of Verint Systems during the 3rd quarter worth about $58,000. Finally, SG Americas Securities LLC bought a new position in shares of Verint Systems during the first quarter valued at approximately $128,000. 94.95% of the stock is owned by 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.