Analysts Set Verint Systems Inc. (VRNT) Target Price at $55.70
Shares of Verint Systems Inc. (NASDAQ:VRNT) have received a consensus recommendation of “Buy” from the nine ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $55.70.
VRNT has been the subject of a number of research analyst reports. BidaskClub cut Verint Systems from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. Zacks Investment Research cut Verint Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 9th. JPMorgan Chase & Co. lifted their price target on Verint Systems from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, August 30th. They noted that the move was a valuation call. Royal Bank of Canada lifted their price target on Verint Systems to $58.00 and gave the stock an “outperform” rating in a report on Thursday, September 6th. Finally, Oppenheimer lifted their price target on Verint Systems from $49.00 to $58.00 and gave the stock an “outperform” rating in a report on Thursday, September 6th.
Verint Systems stock traded down $0.43 during midday trading on Monday, reaching $47.00. 195,196 shares of the company’s stock were exchanged, compared to its average volume of 307,251. Verint Systems has a 52 week low of $37.10 and a 52 week high of $52.45. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.53 and a current ratio of 1.57. The stock has a market capitalization of $3.08 billion, a P/E ratio of 26.55, a PEG ratio of 2.14 and a beta of 1.10.
In other news, Director Richard N. Nottenburg sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $48.75, for a total transaction of $243,750.00. Following the completion of the sale, the director now owns 27,310 shares in the company, valued at $1,331,362.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Douglas Robinson sold 1,875 shares of the business’s stock in a transaction that occurred on Tuesday, September 25th. The stock was sold at an average price of $49.13, for a total value of $92,118.75. Following the sale, the chief financial officer now owns 176,067 shares of the company’s stock, valued at approximately $8,650,171.71. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 107,501 shares of company stock valued at $5,239,269. Corporate insiders own 1.40% of the company’s stock.
Several large investors have recently modified their holdings of the company. RGM Capital LLC boosted its holdings in shares of Verint Systems by 0.5% during the second quarter. RGM Capital LLC now owns 2,419,459 shares of the technology company’s stock worth $107,303,000 after acquiring an additional 11,616 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Verint Systems by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,610,264 shares of the technology company’s stock valued at $71,414,000 after buying an additional 27,678 shares during the period. American Capital Management Inc. boosted its stake in shares of Verint Systems by 1.3% in the third quarter. American Capital Management Inc. now owns 1,479,164 shares of the technology company’s stock valued at $74,106,000 after buying an additional 19,555 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Verint Systems by 6.0% in the third quarter. Victory Capital Management Inc. now owns 1,265,765 shares of the technology company’s stock valued at $63,415,000 after buying an additional 71,220 shares during the period. Finally, Glenmede Trust Co. NA boosted its stake in shares of Verint Systems by 39.4% in the second quarter. Glenmede Trust Co. NA now owns 1,178,162 shares of the technology company’s stock valued at $52,252,000 after buying an additional 333,068 shares during the period. Institutional investors own 95.32% of the company’s stock.
About Verint Systems
Verint Systems Inc provides actionable intelligence solutions and value-added services worldwide. Its Customer Engagement Solutions segment provides automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, digital feedback, email engagement, employee desktop, enterprise feedback, financial compliance, full-time recording, gamification, identity analytics, internal communities, knowledge management, mobile workforce, performance management, robotic process automation, social analytics, speech and text analytics, virtual assistant, voice self-service, voice self-service fraud detection, Web/mobile self-service, work manager, and workforce management solutions.
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