Analysts Set Verint Systems Inc. (NASDAQ:VRNT) PT at $35.20

Shares of Verint Systems Inc. (NASDAQ:VRNT) have received an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $35.20.

VRNT has been the subject of several analyst reports. Oppenheimer reissued a “market perform” rating on shares of Verint Systems in a research note on Thursday, March 28th. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a research note on Wednesday, June 5th. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of Verint Systems in a research report on Wednesday, June 5th.

Insider Activity at Verint Systems

In other Verint Systems news, CEO Dan Bodner sold 44,335 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $30.09, for a total transaction of $1,334,040.15. Following the completion of the transaction, the chief executive officer now directly owns 898,234 shares of the company’s stock, valued at $27,027,861.06. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Verint Systems news, CEO Dan Bodner sold 44,335 shares of Verint Systems stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $30.09, for a total transaction of $1,334,040.15. Following the completion of the transaction, the chief executive officer now owns 898,234 shares of the company’s stock, valued at approximately $27,027,861.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Peter Fante sold 4,417 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $36.60, for a total transaction of $161,662.20. Following the completion of the sale, the insider now owns 98,975 shares in the company, valued at $3,622,485. The disclosure for this sale can be found here. Over the last three months, insiders sold 507,043 shares of company stock valued at $16,725,138. 1.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Verint Systems

Institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its position in shares of Verint Systems by 764.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock worth $28,000 after buying an additional 917 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Verint Systems in the first quarter worth $30,000. FinTrust Capital Advisors LLC raised its position in shares of Verint Systems by 173.7% in the first quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company’s stock worth $39,000 after buying an additional 754 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of Verint Systems in the first quarter worth $42,000. Finally, CWM LLC raised its position in shares of Verint Systems by 61.2% in the fourth quarter. CWM LLC now owns 2,110 shares of the technology company’s stock worth $57,000 after buying an additional 801 shares in the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Verint Systems Stock Down 1.5 %

Shares of NASDAQ:VRNT opened at $32.20 on Friday. The business’s 50 day simple moving average is $32.28 and its two-hundred day simple moving average is $30.61. The firm has a market cap of $1.99 billion, a P/E ratio of 67.08, a PEG ratio of 1.35 and a beta of 1.21. 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 has a 52-week low of $18.41 and a 52-week high of $40.28.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). The company had revenue of $221.28 million during the quarter, compared to analysts’ expectations of $214.71 million. Verint Systems had a return on equity of 16.56% and a net margin of 5.52%. As a group, research analysts forecast that Verint Systems will post 1.99 EPS for the current fiscal year.

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.