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.Get Verint Systems alerts:
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 SystemsA 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
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.
- Get a free copy of the StockNews.com research report on Verint Systems (VRNT)
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