Verint Systems Inc. (NASDAQ:VRNT) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Verint Systems Inc. (NASDAQ:VRNT) have earned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $35.67.

Several equities research analysts have recently weighed in on VRNT shares. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a research note on Friday, January 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price target on shares of Verint Systems in a research report on Wednesday, January 15th. StockNews.com lowered Verint Systems from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Jefferies Financial Group boosted their target price 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.

Insider Transactions at Verint Systems

In related news, CFO Grant A. Highlander sold 12,880 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 117,137 shares of the company’s stock, valued at $3,426,257.25. This trade represents a 9.91 % decrease in their ownership of the stock. The sale 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 company’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $27.52, for a total value of $446,732.16. Following the transaction, the insider now directly owns 73,314 shares in the company, valued at approximately $2,017,601.28. This represents a 18.13 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Verint Systems

Several hedge funds have recently added to or reduced their stakes in the company. Global Alpha Capital Management Ltd. lifted its position in Verint Systems by 39.5% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 1,717,703 shares of the technology company’s stock valued at $47,151,000 after purchasing an additional 486,000 shares during the period. Fisher Asset Management LLC raised its stake in shares of Verint Systems by 26.5% during the third quarter. Fisher Asset Management LLC now owns 1,516,409 shares of the technology company’s stock worth $38,411,000 after buying an additional 317,804 shares during the last quarter. Dana Investment Advisors Inc. bought a new stake in shares of Verint Systems during the fourth quarter worth approximately $6,907,000. Disciplined Growth Investors Inc. MN acquired a new position in Verint Systems in the third quarter valued at approximately $5,083,000. Finally, Raymond James Financial Inc. bought a new position in Verint Systems in the fourth quarter valued at approximately $5,276,000. Institutional investors own 94.95% of the company’s stock.

Verint Systems Price Performance

Shares of Verint Systems stock opened at $25.68 on Monday. Verint Systems has a twelve month low of $21.27 and a twelve month high of $38.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. The firm has a market cap of $1.60 billion, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 1.00 and a beta of 1.24. The firm’s 50-day simple moving average is $26.71 and its 200-day simple moving average is $26.86.

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.