Verint Systems (NASDAQ:VRNT) Rating Increased to Buy at StockNews.com

Verint Systems (NASDAQ:VRNT) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

VRNT has been the subject of a number of other reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a research report on Wednesday, June 5th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a research note on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.17.

Verint Systems Stock Down 1.2 %

Shares of VRNT stock opened at $26.21 on Thursday. Verint Systems has a 52-week low of $18.41 and a 52-week high of $38.17. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 54.61, a PEG ratio of 1.25 and a beta of 1.24. The firm’s 50-day moving average is $32.46 and its 200-day moving average is $31.95. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.30 and a current ratio of 1.34.

Verint Systems (NASDAQ:VRNT) last released 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 6.78% and a return on equity of 16.27%. The business had revenue of $210.17 million during the quarter, compared to the consensus estimate of $212.81 million. During the same quarter in the prior year, the company earned $0.22 EPS. Verint Systems’s quarterly revenue was up .0% on a year-over-year basis. Sell-side analysts predict that Verint Systems will post 1.99 EPS for the current year.

Insider Buying and Selling

In other Verint Systems news, CEO Dan Bodner sold 375,000 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $33.76, for a total value of $12,660,000.00. Following the completion of the sale, the chief executive officer now owns 609,764 shares of the company’s stock, valued at approximately $20,585,632.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Verint Systems news, CEO Dan Bodner sold 375,000 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $33.76, for a total transaction of $12,660,000.00. Following the transaction, the chief executive officer now owns 609,764 shares in the company, valued at approximately $20,585,632.64. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Peter Fante sold 4,417 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $36.60, for a total value of $161,662.20. Following the sale, the insider now owns 98,975 shares of the company’s stock, valued at $3,622,485. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Verint Systems

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Verint Systems by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 7,367,685 shares of the technology company’s stock worth $244,239,000 after acquiring an additional 185,105 shares during the period. Victory Capital Management Inc. lifted its stake in Verint Systems by 5.9% during the second quarter. Victory Capital Management Inc. now owns 4,143,227 shares of the technology company’s stock worth $133,412,000 after purchasing an additional 232,499 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Verint Systems by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,918,925 shares of the technology company’s stock worth $61,792,000 after purchasing an additional 73,441 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of Verint Systems in the 4th quarter valued at $34,172,000. Finally, Global Alpha Capital Management Ltd. increased its stake in shares of Verint Systems by 23.3% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 968,303 shares of the technology company’s stock valued at $32,099,000 after purchasing an additional 182,800 shares during the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Verint Systems Company Profile

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.