Verint Systems (NASDAQ:VRNT) Price Target Raised to $34.00

Verint Systems (NASDAQ:VRNT - Get Free Report) had its target price boosted by investment analysts at Jefferies Financial Group from $28.00 to $34.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "hold" rating on the technology company's stock. Jefferies Financial Group's target price would indicate a potential upside of 11.00% from the stock's current price.

Other analysts have also recently issued reports about the company. Wedbush reissued an "outperform" rating and issued a $38.00 price target on shares of Verint Systems in a report on Thursday, September 26th. Evercore ISI decreased their target price 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. Royal Bank of Canada reiterated an "outperform" rating and issued a $36.00 price target on shares of Verint Systems in a report on Thursday. Needham & Company LLC reaffirmed a "buy" rating and issued a $40.00 price objective on shares of Verint Systems in a research note on Thursday. Finally, StockNews.com upgraded Verint Systems from a "hold" rating to a "buy" rating in a research report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Verint Systems has a consensus rating of "Moderate Buy" and an average target price of $35.67.

Verint Systems Trading Down 4.2 %

VRNT stock traded down $1.33 on Friday, reaching $30.63. The company's stock had a trading volume of 1,833,611 shares, compared to its average volume of 719,409. The firm has a market cap of $1.90 billion, a PE ratio of 32.59, a PEG ratio of 1.10 and a beta of 1.28. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.36 and a current ratio of 1.41. The business has a fifty day simple moving average of $23.86 and a two-hundred day simple moving average of $28.88. Verint Systems has a 12-month low of $21.27 and a 12-month high of $38.17.

Verint Systems (NASDAQ:VRNT - Get Free Report) last announced its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). Verint Systems had a net margin of 8.49% and a return on equity of 16.04%. The firm had revenue of $210.17 million during the quarter, compared to analyst estimates of $212.81 million. During the same period in the prior year, the firm posted $0.22 earnings per share. The business's quarterly revenue was up .0% compared to the same quarter last year. As a group, research analysts forecast that Verint Systems will post 1.97 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Grant A. Highlander sold 3,389 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $87,605.65. Following the sale, the chief financial officer now owns 131,267 shares in the company, valued at approximately $3,393,251.95. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dan Bodner sold 16,932 shares of the business's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $437,692.20. Following the completion of the transaction, the chief executive officer now owns 592,832 shares of the company's stock, valued at $15,324,707.20. This trade represents a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,811 shares of company stock valued at $874,014. Corporate insiders own 1.70% of the company's stock.

Hedge Funds Weigh In On Verint Systems

Several large investors have recently added to or reduced their stakes in the business. Quarry LP increased its stake in shares of Verint Systems by 160.9% during the 2nd quarter. Quarry LP now owns 793 shares of the technology company's stock valued at $26,000 after acquiring an additional 489 shares during the last quarter. Innealta Capital LLC purchased a new position in Verint Systems during the second quarter worth approximately $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Verint Systems in the 2nd quarter valued at $43,000. Quantbot Technologies LP purchased a new stake in shares of Verint Systems during the 3rd quarter valued at $58,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Verint Systems during the 2nd quarter worth $138,000. 94.95% of the stock is currently 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.