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.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Wednesday, September 5th. The technology company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.14. Verint Systems had a return on equity of 11.69% and a net margin of 3.29%. The business had revenue of $306.30 million during the quarter, compared to analysts’ expectations of $295.84 million. During the same quarter last year, the company posted $0.61 earnings per share. Verint Systems’s quarterly revenue was up 11.5% on a year-over-year basis. Research analysts forecast that Verint Systems will post 2.22 earnings per share for the current year.

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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Analyst Recommendations for Verint Systems (NASDAQ:VRNT)

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