Verint Systems (NASDAQ:VRNT) had its price objective hoisted by investment analysts at Wedbush from $70.00 to $85.00 in a research note issued on Tuesday, AnalystRatings.net reports. The firm presently has an “outperform” rating on the technology company’s stock. Wedbush’s target price indicates a potential upside of 21.43% from the company’s previous close.
A number of other research analysts have also commented on VRNT. Oppenheimer upped their price objective on shares of Verint Systems from $64.00 to $75.00 in a research report on Thursday, December 10th. Needham & Company LLC raised their price objective on Verint Systems from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, December 10th. BidaskClub raised Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, December 10th. The Goldman Sachs Group upped their target price on Verint Systems from $66.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, January 8th. Finally, Zacks Investment Research upgraded shares of Verint Systems from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a research note on Saturday, December 26th. Nine research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus price target of $69.88.
Shares of VRNT stock opened at $70.00 on Tuesday. Verint Systems has a 12 month low of $32.44 and a 12 month high of $71.43. The company has a quick ratio of 1.24, a current ratio of 1.26 and a debt-to-equity ratio of 0.49. The firm has a market cap of $4.60 billion, a PE ratio of 291.67, a price-to-earnings-growth ratio of 1.48 and a beta of 0.84. The stock has a 50 day moving average of $62.74 and a 200-day moving average of $51.84.
In other Verint Systems news, Director Howard Safir sold 8,333 shares of the business’s stock in a transaction dated Monday, December 14th. The shares were sold at an average price of $60.21, for a total value of $501,729.93. Following the transaction, the director now directly owns 24,693 shares in the company, valued at $1,486,765.53. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Douglas Robinson sold 4,607 shares of the company’s stock in a transaction dated Wednesday, December 16th. The stock was sold at an average price of $60.24, for a total transaction of $277,525.68. Following the sale, the chief financial officer now directly owns 197,315 shares in the company, valued at $11,886,255.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,656 shares of company stock worth $1,800,817. 1.40% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Baupost Group LLC MA grew its position in Verint Systems by 271.6% during the 3rd quarter. Baupost Group LLC MA now owns 2,290,000 shares of the technology company’s stock worth $110,332,000 after acquiring an additional 1,673,672 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Verint Systems by 19.5% in the third quarter. Victory Capital Management Inc. now owns 2,368,497 shares of the technology company’s stock worth $114,115,000 after purchasing an additional 386,879 shares in the last quarter. Private Capital Management LLC bought a new stake in shares of Verint Systems during the third quarter worth $13,579,000. Cardinal Capital Management LLC CT increased its stake in shares of Verint Systems by 9.6% in the third quarter. Cardinal Capital Management LLC CT now owns 1,561,203 shares of the technology company’s stock valued at $75,219,000 after buying an additional 137,360 shares in the last quarter. Finally, Bernzott Capital Advisors raised its holdings in shares of Verint Systems by 18.1% in the third quarter. Bernzott Capital Advisors now owns 653,423 shares of the technology company’s stock valued at $31,482,000 after buying an additional 100,295 shares during the last quarter. 95.94% of the stock is currently owned by institutional investors and hedge funds.
About Verint Systems
Verint Systems Inc provides actionable intelligence solutions worldwide. It operates through Customer Engagement and Cyber Intelligence segments. The company offers Workforce Forecasting and Scheduling for management of workforce scheduling in contact centers, back office operations, and branches; Verint Mobile apps that deliver work-life balance ownership to employees and managers on-the-go; Knowledge Management solution for reduce training time, increase first call resolution, and improve customer satisfaction scores; Virtual Assistant, which provides automated and real-time support for the employee; Verint Real-Time Analytics that surfaces contextual guidance to an employee; Verint Robotic Process Automation solutions; and Verint Employee Desktop that unifies disparate applications on an employee's desktop.
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