Verint Systems Inc. (NASDAQ:VRNT) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Verint Systems Inc. (NASDAQ:VRNT) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat Ratings 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 price target among analysts that have issued a report on the stock in the last year is $35.67.

VRNT has been the subject of several research reports. Evercore ISI decreased their target price on Verint Systems from $34.00 to $30.00 and set an “in-line” rating for the company in a research note on Thursday, September 5th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a research report on Thursday, December 5th. Wedbush reiterated an “outperform” rating and issued a $38.00 target price on shares of Verint Systems in a report on Thursday, September 26th. TD Cowen reduced their target price 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. Finally, Jefferies Financial Group upped their price target on Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a report on Friday, December 6th.

Verint Systems Stock Performance

VRNT opened at $29.01 on Friday. Verint Systems has a 1-year low of $21.27 and a 1-year high of $38.17. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 30.86, a price-to-earnings-growth ratio of 1.25 and a beta of 1.28. The business has a 50 day moving average price of $24.43 and a two-hundred day moving average price of $28.84. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28.

Insider Buying and Selling at Verint Systems

In related news, insider Peter Fante sold 6,330 shares of the business’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 $163,630.50. Following the transaction, the insider now directly owns 91,334 shares of the company’s stock, valued at approximately $2,360,983.90. The trade was a 6.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Elan Moriah sold 7,160 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $185,086.00. Following the completion of the sale, the president now owns 139,251 shares of the company’s stock, valued at approximately $3,599,638.35. The trade was a 4.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,811 shares of company stock valued at $874,014 in the last three months. 1.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Quarry LP raised 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 acquiring an additional 489 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Verint Systems during the 2nd quarter worth $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Verint Systems during the 2nd quarter valued at $43,000. Quantbot Technologies LP bought a new position 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 in the 2nd quarter valued at $138,000. 94.95% of the stock is owned by institutional investors and hedge funds.

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.