Verint Systems (NASDAQ:VRNT) Earns Outperform Rating from Wedbush

Wedbush reiterated their outperform rating on shares of Verint Systems (NASDAQ:VRNT) in a report released on Thursday morning, Benzinga reports. They currently have a $38.00 target price on the technology company’s stock.

A number of other equities analysts also recently commented on VRNT. TD Cowen cut their price objective on shares of Verint Systems from $40.00 to $36.00 and set a buy rating for the company in a research report on Thursday, September 5th. StockNews.com upgraded shares of Verint Systems from a hold rating to a buy rating in a research report on Thursday, September 5th. Jefferies Financial Group cut their price objective on shares of Verint Systems from $32.00 to $28.00 and set a hold rating for the company in a research report on Thursday, September 5th. Needham & Company LLC restated a buy rating and set a $40.00 price objective on shares of Verint Systems in a research report on Wednesday, September 25th. Finally, Royal Bank of Canada restated an outperform rating and set a $36.00 price objective on shares of Verint Systems in a research report on Thursday, September 5th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $34.67.

Verint Systems Trading Up 0.5 %

Shares of VRNT stock opened at $25.57 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.36 and a current ratio of 1.41. The stock has a market capitalization of $1.58 billion, a P/E ratio of 53.27, a price-to-earnings-growth ratio of 1.05 and a beta of 1.24. The company has a 50 day moving average price of $30.51 and a 200 day moving average price of $31.40. Verint Systems has a fifty-two week low of $18.41 and a fifty-two week high of $38.17.

Verint Systems (NASDAQ:VRNT) last posted 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). Verint Systems had a return on equity of 16.17% and a net margin of 6.78%. The firm had revenue of $210.17 million for the quarter, compared to analyst estimates of $212.81 million. During the same quarter last year, the firm earned $0.22 EPS. The company’s revenue was up .0% on a year-over-year basis. Equities research analysts predict that Verint Systems will post 1.97 EPS for the current fiscal year.

Insider Activity

In related news, CFO Grant A. Highlander sold 3,389 shares of Verint Systems stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $87,605.65. Following the sale, the chief financial officer now directly owns 131,267 shares in the company, valued at $3,393,251.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Dan Bodner sold 16,932 shares of Verint Systems stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $437,692.20. Following the transaction, the chief executive officer now owns 592,832 shares of the company’s stock, valued at approximately $15,324,707.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Grant A. Highlander sold 3,389 shares of Verint Systems stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $87,605.65. Following the completion of the transaction, the chief financial officer now directly owns 131,267 shares in the company, valued at approximately $3,393,251.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,811 shares of company stock valued at $874,014. 1.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Verint Systems

Large investors have recently made changes to their positions in the company. Stanley Laman Group Ltd. boosted its position in shares of Verint Systems by 0.4% in the second quarter. Stanley Laman Group Ltd. now owns 124,470 shares of the technology company’s stock valued at $4,008,000 after acquiring an additional 478 shares during the period. Quarry LP boosted its position in shares of Verint Systems by 160.9% in the second quarter. Quarry LP now owns 793 shares of the technology company’s stock valued at $26,000 after acquiring an additional 489 shares during the period. Verdence Capital Advisors LLC lifted its position in Verint Systems by 4.4% in the first quarter. Verdence Capital Advisors LLC now owns 13,938 shares of the technology company’s stock worth $462,000 after purchasing an additional 584 shares during the period. FinTrust Capital Advisors LLC lifted its position in Verint Systems by 173.7% in the first quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company’s stock worth $39,000 after purchasing an additional 754 shares during the period. Finally, Fidelis Capital Partners LLC bought a new position in Verint Systems in the first quarter worth $30,000. Institutional investors own 94.95% of the company’s stock.

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.