Evercore ISI Cuts Verint Systems (NASDAQ:VRNT) Price Target to $30.00

Verint Systems (NASDAQ:VRNT) had its price objective cut by Evercore ISI from $34.00 to $30.00 in a report issued on Thursday, Marketbeat reports. They currently have an in-line rating on the technology company’s stock.

Other equities research analysts have also recently issued research reports about the company. Royal Bank of Canada reissued an outperform rating and issued a $36.00 price target on shares of Verint Systems in a research note on Wednesday, June 5th. StockNews.com raised Verint Systems from a hold rating to a buy rating in a research report on Thursday. Finally, Needham & Company LLC reaffirmed a buy rating and set a $40.00 target price on shares of Verint Systems in a research report on Thursday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $34.00.

Verint Systems Trading Down 1.2 %

Shares of NASDAQ VRNT opened at $26.21 on Thursday. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 54.60, a PEG ratio of 1.25 and a beta of 1.24. The business has a 50 day simple moving average of $32.46 and a 200 day simple moving average of $31.95. Verint Systems has a 52 week low of $18.41 and a 52 week high of $38.17. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.30 and a current ratio of 1.34.

Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). The firm had revenue of $210.17 million during the quarter, compared to the consensus estimate of $212.81 million. Verint Systems had a net margin of 6.78% and a return on equity of 16.27%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 EPS. On average, research analysts predict that Verint Systems will post 1.99 earnings per share for the current fiscal year.

Insider Transactions at Verint Systems

In other news, insider Peter Fante sold 4,417 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $36.60, for a total transaction of $161,662.20. Following the completion of the transaction, the insider now directly owns 98,975 shares in the company, valued at $3,622,485. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Dan Bodner sold 375,000 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $33.76, for a total transaction of $12,660,000.00. Following the completion of the transaction, the chief executive officer now directly owns 609,764 shares in the company, valued at $20,585,632.64. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Peter Fante sold 4,417 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $36.60, for a total value of $161,662.20. Following the transaction, the insider now owns 98,975 shares of the company’s stock, valued at $3,622,485. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of VRNT. CWM LLC raised its stake in shares of Verint Systems by 61.2% in the fourth quarter. CWM LLC now owns 2,110 shares of the technology company’s stock valued at $57,000 after purchasing an additional 801 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Verint Systems in the fourth quarter valued at $449,000. Charles Schwab Investment Management Inc. grew its position in Verint Systems by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 616,463 shares of the technology company’s stock valued at $16,663,000 after acquiring an additional 24,952 shares during the period. Teacher Retirement System of Texas grew its position in Verint Systems by 210.0% in the fourth quarter. Teacher Retirement System of Texas now owns 27,894 shares of the technology company’s stock valued at $754,000 after acquiring an additional 18,895 shares during the period. Finally, Janney Montgomery Scott LLC bought a new stake in Verint Systems in the fourth quarter valued at $980,000. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Verint Systems Company Profile

Verint Systems Inc provides customer engagement solutions worldwide. It offers forecasting and scheduling, channels and routing, knowledge management, fraud and security solutions, quality and compliance, analytics and insights, real-time assistance, self-services, financial compliance, and voice pf the consumer solutions.