Verint Systems Inc. (NASDAQ:VRNT) Receives $35.67 Consensus Target Price from Analysts

Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seven analysts that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $35.67.

Several brokerages have weighed in on VRNT. Needham & Company LLC reissued a "buy" rating and issued a $40.00 price target on shares of Verint Systems in a report on Friday, January 10th. Royal Bank of Canada reiterated an "outperform" rating and issued a $36.00 target price on shares of Verint Systems in a research note on Wednesday, January 15th. Jefferies Financial Group upped their price target on shares of Verint Systems from $28.00 to $34.00 and gave the company a "hold" rating in a research note on Friday, December 6th. Finally, StockNews.com upgraded shares of Verint Systems from a "hold" rating to a "buy" rating in a research note on Tuesday, January 28th.

Insider Transactions at Verint Systems

In related news, CFO Grant A. Highlander sold 12,880 shares of the business's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $29.25, for a total value of $376,740.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Peter Fante sold 16,233 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $27.52, for a total transaction of $446,732.16. Following the sale, the insider now directly owns 73,314 shares in the company, valued at $2,017,601.28. This trade represents a 18.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.70% of the company's stock.

Institutional Investors Weigh In On Verint Systems

A number of institutional investors have recently modified their holdings of the business. Quarry LP grew its holdings in Verint Systems by 160.9% in 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 during the period. Lingohr Asset Management GmbH grew its stake in Verint Systems by 3.7% in the 3rd quarter. Lingohr Asset Management GmbH now owns 20,012 shares of the technology company's stock valued at $507,000 after acquiring an additional 712 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Verint Systems by 3.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,427 shares of the technology company's stock worth $1,141,000 after acquiring an additional 1,295 shares in the last quarter. KBC Group NV raised its position in Verint Systems by 75.0% during the fourth quarter. KBC Group NV now owns 3,380 shares of the technology company's stock worth $93,000 after acquiring an additional 1,449 shares during the period. Finally, Plato Investment Management Ltd purchased a new position in Verint Systems during the fourth quarter valued at $43,000. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Verint Systems Stock Down 0.6 %

Shares of Verint Systems stock traded down $0.15 during trading on Monday, reaching $26.12. The company's stock had a trading volume of 379,079 shares, compared to its average volume of 624,091. Verint Systems has a 1-year low of $21.27 and a 1-year high of $38.17. The company has a 50-day simple moving average of $26.70 and a two-hundred day simple moving average of $27.02. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 27.79, a P/E/G ratio of 1.10 and a beta of 1.24.

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.