Oppenheimer Reiterates Market Perform Rating for Verint Systems (NASDAQ:VRNT)

Verint Systems (NASDAQ:VRNT)‘s stock had its “market perform” rating reissued by stock analysts at Oppenheimer in a research note issued to investors on Thursday, Benzinga reports.

Several other equities analysts also recently commented on VRNT. TheStreet upgraded shares of Verint Systems from a “d+” rating to a “c-” rating in a report on Wednesday, February 14th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of Verint Systems in a report on Tuesday, January 16th. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a research report on Thursday, December 14th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Verint Systems presently has an average rating of “Moderate Buy” and a consensus price target of $35.20.

Verint Systems Stock Performance

Shares of NASDAQ:VRNT opened at $31.09 on Thursday. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 777.44, a PEG ratio of 1.32 and a beta of 1.20. Verint Systems has a 12 month low of $18.41 and a 12 month high of $40.28. The firm’s 50-day moving average is $30.70 and its 200 day moving average is $26.25. The company has a current ratio of 1.36, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51.

Insider Transactions at Verint Systems

In related news, CEO Dan Bodner sold 33,472 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $31.29, for a total transaction of $1,047,338.88. Following the completion of the sale, the chief executive officer now owns 860,630 shares of the company’s stock, valued at $26,929,112.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its stake in Verint Systems by 764.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock valued at $28,000 after purchasing an additional 917 shares in the last quarter. CWM LLC increased its stake in shares of Verint Systems by 241.8% in the third quarter. CWM LLC now owns 1,309 shares of the technology company’s stock worth $30,000 after acquiring an additional 926 shares during the period. Dark Forest Capital Management LP acquired a new stake in shares of Verint Systems in the first quarter worth $35,000. KBC Group NV acquired a new stake in shares of Verint Systems in the fourth quarter worth $43,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Verint Systems by 60.2% in the first quarter. Tower Research Capital LLC TRC now owns 1,801 shares of the technology company’s stock worth $67,000 after acquiring an additional 677 shares during the period. Institutional investors and hedge funds own 94.95% of the company’s stock.

Verint Systems Company Profile

Verint Systems Inc provides customer engagement solutions worldwide. It offers various applications for use in Forecasting and Scheduling, which understands the work needed to meet and exceed customer expectations; Quality and Compliance that uses automation and analytics for customer interactions for attended and self-service channels; Interaction Insights, which extracts insights from structured and unstructured customer interactions and activities; Real-Time Work that supports in-the-moment workforce activities; Engagement Channels, an application for messaging, social, chat, email, and interactive voice response; Conversational AI, an intelligent virtual assistant application to enable human-like conversations across every channel; Knowledge Management, which enables humans and bots to deliver service with tools.