Verint Systems (NASDAQ:VRNT) Earns Outperform Rating from Wedbush

Wedbush reaffirmed their outperform rating on shares of Verint Systems (NASDAQ:VRNT) in a research report sent to investors on Thursday morning, Benzinga reports. Wedbush currently has a $38.00 target price on the technology company’s stock.

A number of other brokerages have also issued reports on VRNT. Evercore ISI dropped their target price on Verint Systems from $34.00 to $30.00 and set an in-line rating on the stock in a research report on Thursday, September 5th. TD Cowen lowered their price target on Verint Systems from $40.00 to $36.00 and set a buy rating on the stock in a research report on Thursday, September 5th. StockNews.com raised Verint Systems from a hold rating to a buy rating in a research report on Thursday, September 5th. 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, September 25th. Finally, Jefferies Financial Group lowered their price target on Verint Systems from $32.00 to $28.00 and set a hold rating on the stock in a research report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $34.67.

Verint Systems Price Performance

Shares of VRNT opened at $25.57 on Thursday. Verint Systems has a 1 year low of $18.41 and a 1 year high of $38.17. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 0.49. The stock has a market cap of $1.58 billion, a P/E ratio of 53.27, a price-to-earnings-growth ratio of 1.05 and a beta of 1.24. The stock’s 50-day moving average price is $30.51 and its two-hundred day moving average price is $31.40.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.49 earnings per share 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 16.17%. The business had revenue of $210.17 million for the quarter, compared to the consensus estimate of $212.81 million. During the same quarter last year, the firm earned $0.22 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. On average, equities analysts predict that Verint Systems will post 1.97 earnings per share for the current year.

Insider Activity at Verint Systems

In related news, President Elan Moriah sold 7,160 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $185,086.00. Following the sale, the president now owns 139,251 shares in the company, valued at approximately $3,599,638.35. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, President Elan Moriah sold 7,160 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $185,086.00. Following the transaction, the president now owns 139,251 shares in the company, valued at $3,599,638.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Grant A. Highlander sold 3,389 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $87,605.65. Following the sale, the chief financial officer now directly owns 131,267 shares of the company’s stock, valued at $3,393,251.95. The disclosure for this sale can be found here. Insiders have sold a total of 33,811 shares of company stock worth $874,014 in the last 90 days. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Verint Systems

Several large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP purchased a new position in shares of Verint Systems in the fourth quarter worth about $34,172,000. Norges Bank purchased a new position in shares of Verint Systems in the fourth quarter worth about $18,601,000. Mesirow Institutional Investment Management Inc. purchased a new position in shares of Verint Systems in the first quarter worth about $14,675,000. Victory Capital Management Inc. increased its holdings in shares of Verint Systems by 5.9% in the second quarter. Victory Capital Management Inc. now owns 4,143,227 shares of the technology company’s stock worth $133,412,000 after buying an additional 232,499 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Verint Systems by 35.1% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 814,959 shares of the technology company’s stock worth $26,242,000 after buying an additional 211,570 shares during the period. Institutional investors own 94.95% of the company’s stock.

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.