Analysts Set Verint Systems Inc. (NASDAQ:VRNT) PT at $35.67

Verint Systems Inc. (NASDAQ:VRNT) has received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $35.67.

Several research analysts have recently issued reports on VRNT shares. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a research report on Thursday, December 5th. Jefferies Financial Group increased their price objective on Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Evercore ISI dropped their target price on shares of Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a report on Thursday, September 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a research report on Thursday, December 5th. Finally, Wedbush reissued an “outperform” rating and set a $38.00 price target on shares of Verint Systems in a research report on Thursday, September 26th.

Verint Systems Stock Performance

Shares of VRNT opened at $26.87 on Friday. The company has a 50-day simple moving average of $24.90 and a two-hundred day simple moving average of $28.80. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. The firm has a market capitalization of $1.67 billion, a PE ratio of 28.59, a price-to-earnings-growth ratio of 1.25 and a beta of 1.28. Verint Systems has a one year low of $21.27 and a one year high of $38.17.

Insider Activity at Verint Systems

In other Verint Systems news, CFO Grant A. Highlander sold 12,880 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $29.25, for a total value of $376,740.00. Following the completion of the transaction, the chief financial officer now owns 117,137 shares of the company’s stock, valued at approximately $3,426,257.25. The trade was a 9.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by insiders.

Institutional Trading of Verint Systems

Large investors have recently made changes to their positions in the stock. Franklin Resources Inc. lifted its position in Verint Systems by 9.5% during the third quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company’s stock valued at $968,000 after purchasing an additional 3,585 shares during the period. World Investment Advisors LLC bought a new position in shares of Verint Systems during the 3rd quarter valued at $311,000. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Verint Systems by 7.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 58,880 shares of the technology company’s stock valued at $1,491,000 after buying an additional 3,938 shares during the period. Geode Capital Management LLC boosted its stake in shares of Verint Systems by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company’s stock worth $38,004,000 after buying an additional 4,034 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN bought a new stake in shares of Verint Systems in the third quarter worth $5,083,000. 94.95% of the stock is currently owned by institutional investors.

About Verint Systems

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.