Shares of Verint Systems Inc. (NASDAQ:VRNT – Get Rating) have earned a consensus recommendation of "Moderate Buy" from the seven research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $63.80.
A number of equities analysts have recently commented on VRNT shares. Royal Bank of Canada raised their target price on shares of Verint Systems from $57.00 to $61.00 and gave the company an "outperform" rating in a research note on Wednesday, March 30th. StockNews.com raised shares of Verint Systems from a "hold" rating to a "buy" rating in a research note on Wednesday, July 6th. Evercore ISI dropped their price target on shares of Verint Systems to $65.00 in a research note on Thursday, June 9th. Needham & Company LLC reaffirmed a "buy" rating and set a $61.00 price target on shares of Verint Systems in a research note on Wednesday, June 8th. Finally, The Goldman Sachs Group lowered shares of Verint Systems from a "buy" rating to a "neutral" rating and set a $57.00 price objective for the company. in a report on Tuesday, April 12th.
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Insiders Place Their Bets
In other news, insider Peter Fante sold 6,289 shares of the business's stock in a transaction on Thursday, July 7th. The shares were sold at an average price of $43.38, for a total value of $272,816.82. Following the completion of the sale, the insider now directly owns 46,417 shares in the company, valued at $2,013,569.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Peter Fante sold 6,289 shares of the company's stock in a transaction on Thursday, July 7th. The shares were sold at an average price of $43.38, for a total transaction of $272,816.82. Following the completion of the transaction, the insider now directly owns 46,417 shares in the company, valued at approximately $2,013,569.46. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John R. Egan sold 10,000 shares of the stock in a transaction on Friday, June 17th. The shares were sold at an average price of $41.51, for a total transaction of $415,100.00. Following the completion of the transaction, the director now owns 36,407 shares of the company's stock, valued at approximately $1,511,254.57. The disclosure for this sale can be found here. Insiders sold 27,701 shares of company stock valued at $1,198,489 over the last ninety days. Corporate insiders own 2.40% of the company's stock.
Institutional Investors Weigh In On Verint Systems
A number of hedge funds have recently added to or reduced their stakes in the stock. Campbell Newman Asset Management Inc. boosted its stake in shares of Verint Systems by 4.6% in the 2nd quarter. Campbell Newman Asset Management Inc. now owns 24,476 shares of the technology company's stock valued at $1,037,000 after purchasing an additional 1,074 shares during the last quarter. Harbor Investment Advisory LLC acquired a new stake in Verint Systems during the 2nd quarter worth approximately $41,000. Scout Investments Inc. grew its stake in shares of Verint Systems by 2.7% during the 2nd quarter. Scout Investments Inc. now owns 184,113 shares of the technology company's stock worth $7,797,000 after acquiring an additional 4,826 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Verint Systems by 18.3% during the 1st quarter. Bank of America Corp DE now owns 152,153 shares of the technology company's stock worth $7,868,000 after acquiring an additional 23,491 shares in the last quarter. Finally, Phocas Financial Corp. bought a new position in shares of Verint Systems during the 1st quarter worth approximately $7,477,000.
Verint Systems Stock Down 1.6 %
Shares of NASDAQ VRNT opened at $44.55 on Friday. Verint Systems has a 1 year low of $39.83 and a 1 year high of $56.39. The firm's 50 day moving average price is $45.93 and its 200 day moving average price is $49.74. The firm has a market cap of $2.88 billion, a P/E ratio of -404.96, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.20 and a current ratio of 1.22.
Verint Systems (NASDAQ:VRNT – Get Rating) last announced its quarterly earnings results on Tuesday, June 7th. The technology company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.01. Verint Systems had a net margin of 1.56% and a return on equity of 13.49%. The company had revenue of $219.25 million for the quarter, compared to analyst estimates of $215.52 million. During the same quarter last year, the business earned $0.23 EPS. Verint Systems's revenue for the quarter was up 8.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Verint Systems will post 1.49 earnings per share for the current year.
Verint Systems Company Profile
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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; Engagement Orchestration, an application that improves employee efficiency, time to resolution, compliance, and customer satisfaction with workflows; Knowledge Management, which help agents to deliver stellar service with tools.
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