Wedbush Reaffirms “Outperform” Rating for Verint Systems (NASDAQ:VRNT)

Wedbush reiterated their outperform rating on shares of Verint Systems (NASDAQ:VRNT) in a research note published on Thursday morning, Benzinga reports. The firm currently has a $38.00 target price on the technology company’s stock.

VRNT has been the topic of a number of other research reports. TD Cowen lowered their target price on Verint Systems from $40.00 to $36.00 and set a buy rating on the stock in a research note on Thursday, September 5th. Royal Bank of Canada reissued an outperform rating and set a $36.00 price target on shares of Verint Systems in a research report on Thursday, September 5th. Jefferies Financial Group reduced 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. Needham & Company LLC reissued a buy rating and set a $40.00 price target on shares of Verint Systems in a research report on Wednesday. Finally, StockNews.com raised Verint Systems from a hold rating to a buy rating in a research report on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $34.67.

Verint Systems Price Performance

Shares of NASDAQ VRNT opened at $25.57 on Thursday. The firm 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 company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 0.49. Verint Systems has a 1-year low of $18.41 and a 1-year high of $38.17. The business’s 50 day moving average is $30.51 and its 200-day moving average is $31.39.

Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The firm had revenue of $210.17 million for the quarter, compared to the consensus estimate of $212.81 million. Verint Systems had a return on equity of 16.17% and a net margin of 6.78%. Verint Systems’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the business posted $0.22 EPS. Equities research analysts predict that Verint Systems will post 1.97 earnings per share for the current year.

Insider Buying and Selling at Verint Systems

In other Verint Systems news, President Elan Moriah sold 7,160 shares of the firm’s stock in a transaction 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 sale, the president now owns 139,251 shares of the company’s stock, valued at approximately $3,599,638.35. The sale 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 16,932 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $437,692.20. Following the sale, the chief executive officer now owns 592,832 shares of the company’s stock, valued at approximately $15,324,707.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Elan Moriah sold 7,160 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $185,086.00. Following the completion of the sale, the president now directly owns 139,251 shares in the company, valued at approximately $3,599,638.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,811 shares of company stock valued at $874,014. 1.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Verint Systems

Several hedge funds have recently modified their holdings of VRNT. Quarry LP boosted its holdings in shares of Verint Systems by 160.9% during the 2nd quarter. Quarry LP now owns 793 shares of the technology company’s stock valued at $26,000 after acquiring an additional 489 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Verint Systems by 764.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock valued at $28,000 after acquiring an additional 917 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Verint Systems during the 1st quarter valued at $30,000. Innealta Capital LLC acquired a new stake in shares of Verint Systems during the 2nd quarter valued at $36,000. Finally, FinTrust Capital Advisors LLC boosted its holdings in shares of Verint Systems by 173.7% during the 1st quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company’s stock valued at $39,000 after acquiring an additional 754 shares in the last quarter. Institutional investors and hedge funds 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.