Verint Systems (NASDAQ:VRNT) Given Buy Rating at Needham & Company LLC

Verint Systems (NASDAQ:VRNT)‘s stock had its “buy” rating reiterated by analysts at Needham & Company LLC in a report issued on Thursday, Benzinga reports. They currently have a $40.00 target price on the technology company’s stock. Needham & Company LLC’s target price suggests a potential upside of 28.66% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a research note on Thursday, December 14th. Oppenheimer restated a “market perform” rating on shares of Verint Systems in a research report on Thursday. TheStreet raised Verint Systems from a “d+” rating to a “c-” rating in a research report on Wednesday, February 14th. Finally, StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Verint Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.20.

Verint Systems Stock Performance

Shares of VRNT stock opened at $31.09 on Thursday. Verint Systems has a 1 year low of $18.41 and a 1 year high of $40.28. The stock has a market cap of $1.96 billion, a PE ratio of 777.44, a P/E/G ratio of 1.32 and a beta of 1.20. The stock has a fifty day moving average price of $30.70 and a 200 day moving average price of $26.25. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.33 and a current ratio of 1.36.

Insider Activity

In related news, CEO Dan Bodner sold 68,372 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $30.00, for a total value of $2,051,160.00. Following the transaction, the chief executive officer now owns 924,102 shares in the company, valued at $27,723,060. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.20% of the company’s stock.

Institutional Trading of Verint Systems

Several hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its stake in shares of Verint Systems by 764.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock worth $28,000 after acquiring an additional 917 shares during the period. CWM LLC raised its holdings in Verint Systems by 241.8% during the third quarter. CWM LLC now owns 1,309 shares of the technology company’s stock worth $30,000 after purchasing an additional 926 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in Verint Systems in the first quarter worth approximately $35,000. KBC Group NV acquired a new stake in Verint Systems in the 4th quarter valued at about $43,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Verint Systems by 60.2% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,801 shares of the technology company’s stock worth $67,000 after purchasing an additional 677 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors.

Verint Systems Company Profile

Verint Systems Inc provides customer engagement solutions worldwide. It offers various applications for use in Forecasting and Scheduling, which understands the work needed to meet and exceed customer expectations; Quality and Compliance that uses automation and analytics for customer interactions for attended and self-service channels; Interaction Insights, which extracts insights from structured and unstructured customer interactions and activities; Real-Time Work that supports in-the-moment workforce activities; Engagement Channels, an application for messaging, social, chat, email, and interactive voice response; Conversational AI, an intelligent virtual assistant application to enable human-like conversations across every channel; Knowledge Management, which enables humans and bots to deliver service with tools.