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

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

A number of brokerages have recently commented on VRNT. Oppenheimer restated a “market perform” rating on shares of Verint Systems in a report on Thursday, March 28th. Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a research note on Thursday, March 28th. TheStreet upgraded Verint Systems from a “d+” rating to a “c-” rating in a research note on Wednesday, February 14th. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $36.00 target price on shares of Verint Systems in a report on Thursday, March 28th.

Verint Systems Stock Performance

Shares of Verint Systems stock opened at $31.31 on Friday. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 107.97, a price-to-earnings-growth ratio of 1.32 and a beta of 1.21. The stock’s 50-day moving average is $30.90 and its 200-day moving average is $27.96. Verint Systems has a one year low of $18.41 and a one year high of $40.28. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.37 and a quick ratio of 1.34.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, March 27th. The technology company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. The company had revenue of $265.22 million for the quarter, compared to analyst estimates of $261.45 million. Verint Systems had a return on equity of 16.60% and a net margin of 4.24%. Equities analysts predict that Verint Systems will post 1.97 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Verint Systems news, CEO Dan Bodner sold 35,039 shares of Verint Systems stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $30.00, for a total transaction of $1,051,170.00. Following the completion of the transaction, the chief executive officer now directly owns 991,748 shares of the company’s stock, valued at $29,752,440. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Verint Systems news, CEO Dan Bodner sold 35,039 shares of Verint Systems stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $30.00, for a total transaction of $1,051,170.00. Following the completion of the transaction, the chief executive officer now directly owns 991,748 shares of the company’s stock, valued at $29,752,440. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Elan Moriah sold 14,353 shares of Verint Systems stock in a transaction on Monday, April 1st. The stock was sold at an average price of $32.62, for a total transaction of $468,194.86. Following the transaction, the president now directly owns 79,953 shares of the company’s stock, valued at $2,608,066.86. The disclosure for this sale can be found here. Over the last three months, insiders have sold 158,988 shares of company stock worth $4,873,715. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Verint Systems

A number of institutional investors have recently modified their holdings of the business. ProShare Advisors LLC boosted its position in shares of Verint Systems by 12.4% in the first quarter. ProShare Advisors LLC now owns 15,625 shares of the technology company’s stock valued at $518,000 after acquiring an additional 1,723 shares during the period. Global Alpha Capital Management Ltd. boosted its position in shares of Verint Systems by 23.3% in the first quarter. Global Alpha Capital Management Ltd. now owns 968,303 shares of the technology company’s stock valued at $32,099,000 after acquiring an additional 182,800 shares during the period. Oppenheimer & Co. Inc. bought a new stake in shares of Verint Systems in the first quarter valued at about $214,000. Mesirow Institutional Investment Management Inc. bought a new stake in shares of Verint Systems in the first quarter valued at about $14,675,000. Finally, SG Americas Securities LLC bought a new stake in shares of Verint Systems in the first quarter valued at about $128,000. Institutional investors own 94.95% of the company’s stock.

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.