Verint Systems Inc. (VRNT) Receives Consensus Rating of “Buy” from Analysts
Verint Systems Inc. (NASDAQ:VRNT) has earned a consensus rating of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $46.50.
Several equities research analysts have recently issued reports on the stock. Imperial Capital restated an “in-line” rating and set a $47.00 price target (up previously from $45.00) on shares of Verint Systems in a research note on Friday, June 9th. Royal Bank Of Canada restated an “outperform” rating and set a $48.00 price target (up previously from $44.00) on shares of Verint Systems in a research note on Thursday, June 8th. Zacks Investment Research upgraded shares of Verint Systems from a “hold” rating to a “strong-buy” rating and set a $48.00 price target for the company in a research note on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $50.00 price target (up previously from $48.00) on shares of Verint Systems in a research note on Friday, June 9th. Finally, Deutsche Bank AG raised their price target on shares of Verint Systems from $42.00 to $44.00 and gave the stock a “hold” rating in a research note on Thursday.
Shares of Verint Systems (VRNT) traded up 1.88% during midday trading on Wednesday, hitting $40.65. The stock had a trading volume of 640,269 shares. The company’s market cap is $2.55 billion. The stock’s 50-day moving average price is $38.83 and its 200 day moving average price is $39.91. Verint Systems has a 52 week low of $33.40 and a 52 week high of $44.70.
Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, September 6th. The technology company reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.14. Verint Systems had a negative net margin of 2.42% and a positive return on equity of 9.90%. The company had revenue of $278.20 million during the quarter, compared to analyst estimates of $270.14 million. During the same quarter last year, the business posted $0.57 EPS. Verint Systems’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities analysts forecast that Verint Systems will post $2.74 earnings per share for the current year.
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In related news, Director Larry F. Myers sold 3,103 shares of Verint Systems stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $41.40, for a total value of $128,464.20. Following the completion of the transaction, the director now directly owns 10,751 shares in the company, valued at approximately $445,091.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard N. Nottenburg sold 3,846 shares of Verint Systems stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $40.95, for a total transaction of $157,493.70. Following the completion of the transaction, the director now owns 18,178 shares of the company’s stock, valued at $744,389.10. The disclosure for this sale can be found here. Insiders sold a total of 9,584 shares of company stock valued at $393,624 over the last quarter. 1.20% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Verint Systems by 11.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,655 shares of the technology company’s stock valued at $108,000 after buying an additional 263 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in Verint Systems by 27.5% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 2,669 shares of the technology company’s stock valued at $116,000 after buying an additional 576 shares in the last quarter. Bank of Montreal Can grew its stake in Verint Systems by 43.1% in the 1st quarter. Bank of Montreal Can now owns 3,080 shares of the technology company’s stock valued at $134,000 after buying an additional 927 shares in the last quarter. Strs Ohio grew its stake in Verint Systems by 61.5% in the 1st quarter. Strs Ohio now owns 4,200 shares of the technology company’s stock valued at $182,000 after buying an additional 1,600 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in Verint Systems in the 2nd quarter valued at approximately $179,000. Institutional investors and hedge funds own 94.65% of the company’s stock.
Verint Systems Company Profile
Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.
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