Needham & Company LLC reiterated their buy rating on shares of Verint Systems (NASDAQ:VRNT - Free Report) in a research note issued to investors on Friday,Benzinga reports. Needham & Company LLC currently has a $30.00 price objective on the technology company's stock.
Other analysts have also recently issued research reports about the stock. Wedbush cut their target price on shares of Verint Systems from $38.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. Evercore ISI cut their target price on shares of Verint Systems from $34.00 to $23.00 and set an "in-line" rating for the company in a research note on Thursday, March 27th. StockNews.com cut shares of Verint Systems from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Finally, Royal Bank of Canada dropped their price objective on shares of Verint Systems from $36.00 to $29.00 and set an "outperform" rating for the company in a research note on Thursday, March 27th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Verint Systems has an average rating of "Moderate Buy" and a consensus target price of $30.33.
Check Out Our Latest Research Report on VRNT
Verint Systems Stock Performance
Shares of VRNT traded down $0.01 during midday trading on Friday, reaching $18.22. The stock had a trading volume of 780,812 shares, compared to its average volume of 790,380. The firm has a 50 day simple moving average of $19.46 and a 200-day simple moving average of $23.31. Verint Systems has a one year low of $14.15 and a one year high of $38.17. The firm has a market cap of $1.13 billion, a PE ratio of 19.38, a P/E/G ratio of 0.97 and a beta of 1.31. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47.
Verint Systems (NASDAQ:VRNT - Get Free Report) last announced its quarterly earnings data on Wednesday, March 26th. The technology company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $1.27 by ($0.28). Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The firm had revenue of $253.50 million during the quarter, compared to the consensus estimate of $276.82 million. During the same period last year, the business earned $1.07 EPS. The business's revenue was down 4.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Verint Systems will post 1.92 EPS for the current year.
Insider Activity
In other news, Director Stephen J. Gold sold 2,744 shares of the business's stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $16.07, for a total value of $44,096.08. Following the completion of the transaction, the director now directly owns 28,473 shares in the company, valued at approximately $457,561.11. The trade was a 8.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Peter Fante sold 9,439 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $16.50, for a total transaction of $155,743.50. Following the transaction, the insider now owns 20,450 shares of the company's stock, valued at approximately $337,425. This represents a 31.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company's stock.
Institutional Investors Weigh In On Verint Systems
Hedge funds have recently modified their holdings of the company. Plato Investment Management Ltd acquired a new stake in shares of Verint Systems during the 4th quarter valued at $43,000. Parkside Financial Bank & Trust acquired a new stake in shares of Verint Systems during the 4th quarter valued at $52,000. Headlands Technologies LLC acquired a new stake in shares of Verint Systems during the 4th quarter valued at $52,000. Sterling Capital Management LLC boosted its holdings in shares of Verint Systems by 808.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company's stock valued at $53,000 after acquiring an additional 1,713 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Verint Systems by 45.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company's stock valued at $54,000 after acquiring an additional 613 shares in the last quarter. Institutional investors and hedge funds own 94.95% of the company's stock.
About Verint Systems
(
Get Free Report)
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.
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