Verint Systems (NASDAQ:VRNT) Price Target Raised to $66.00

Verint Systems (NASDAQ:VRNT) had its target price hoisted by stock analysts at Jefferies Financial Group from $53.00 to $66.00 in a report released on Thursday, March 28th, The Fly reports. The firm currently has a “buy” rating on the technology company’s stock. Jefferies Financial Group’s price target indicates a potential upside of 8.93% from the stock’s previous close.

VRNT has been the topic of a number of other research reports. TheStreet upgraded Verint Systems from a “c+” rating to a “b+” rating in a report on Tuesday, February 19th. Imperial Capital reiterated an “outperform” rating and set a $58.00 price target (up previously from $49.50) on shares of Verint Systems in a report on Tuesday, December 11th. Zacks Investment Research upgraded Verint Systems from a “hold” rating to a “strong-buy” rating and set a $52.00 price target on the stock in a report on Wednesday, December 12th. BidaskClub upgraded Verint Systems from a “hold” rating to a “buy” rating in a report on Saturday, February 9th. Finally, Wedbush reiterated a “buy” rating on shares of Verint Systems in a report on Monday, January 14th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Verint Systems has an average rating of “Buy” and an average price target of $62.57.

Shares of NASDAQ VRNT traded up $0.38 during mid-day trading on Thursday, reaching $60.59. The company had a trading volume of 669,570 shares, compared to its average volume of 834,422. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 2.00 and a beta of 1.20. Verint Systems has a 1-year low of $39.96 and a 1-year high of $63.94.

Verint Systems (NASDAQ:VRNT) last issued its earnings results on Wednesday, March 27th. The technology company reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.08. Verint Systems had a return on equity of 12.77% and a net margin of 5.37%. The business had revenue of $330.20 million for the quarter, compared to analysts’ expectations of $332.54 million. During the same period in the previous year, the firm posted $1.05 EPS. The company’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, analysts anticipate that Verint Systems will post 2.75 earnings per share for the current year.

In other news, insider Elan Moriah sold 11,559 shares of Verint Systems stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $62.46, for a total value of $721,975.14. Following the transaction, the insider now directly owns 82,108 shares in the company, valued at $5,128,465.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dan Bodner sold 30,097 shares of Verint Systems stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $63.20, for a total value of $1,902,130.40. Following the completion of the transaction, the chief executive officer now owns 652,131 shares in the company, valued at $41,214,679.20. The disclosure for this sale can be found here. Insiders sold 107,724 shares of company stock valued at $6,756,296 in the last ninety days. Insiders own 1.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Enlightenment Research LLC bought a new position in shares of Verint Systems in the fourth quarter worth about $25,000. Quantamental Technologies LLC bought a new position in Verint Systems during the fourth quarter valued at about $28,000. Truvestments Capital LLC bought a new position in Verint Systems during the first quarter valued at about $60,000. First Hawaiian Bank increased its stake in Verint Systems by 56.6% during the fourth quarter. First Hawaiian Bank now owns 1,146 shares of the technology company’s stock valued at $48,000 after acquiring an additional 414 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its stake in Verint Systems by 162.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,235 shares of the technology company’s stock valued at $109,000 after acquiring an additional 1,385 shares during the period. Institutional investors and hedge funds own 95.13% of the company’s stock.

About Verint Systems

Verint Systems Inc provides actionable intelligence solutions worldwide. The company's Customer Engagement Solutions segment offers automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, and digital feedback solutions.

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Analyst Recommendations for Verint Systems (NASDAQ:VRNT)

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