Verint Systems (NASDAQ:VRNT) PT Lowered to $36.00 at TD Cowen

Verint Systems (NASDAQ:VRNT) had its target price lowered by TD Cowen from $40.00 to $36.00 in a report released on Thursday, Benzinga reports. TD Cowen currently has a buy rating on the technology company’s stock.

Several other equities research analysts also recently weighed in on VRNT. Jefferies Financial Group cut their target price on shares of Verint Systems from $32.00 to $28.00 and set a hold rating on the stock in a research note on Thursday. Evercore ISI cut their price objective on Verint Systems from $34.00 to $30.00 and set an in-line rating on the stock in a research report on Thursday. Needham & Company LLC reiterated a buy rating and issued a $40.00 target price on shares of Verint Systems in a report on Thursday. Royal Bank of Canada restated an outperform rating and set a $36.00 price target on shares of Verint Systems in a report on Thursday. Finally, StockNews.com raised Verint Systems from a hold rating to a buy rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $34.00.

Verint Systems Stock Down 1.2 %

Shares of NASDAQ VRNT opened at $26.21 on Thursday. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $32.46 and its two-hundred day moving average is $31.96. Verint Systems has a 52-week low of $18.41 and a 52-week high of $38.17. The firm 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.

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

Insider Buying and Selling at Verint Systems

In related news, CEO Dan Bodner sold 375,000 shares of Verint Systems stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $33.76, for a total value of $12,660,000.00. Following the sale, the chief executive officer now directly owns 609,764 shares in the company, valued at $20,585,632.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Dan Bodner sold 375,000 shares of Verint Systems stock in a transaction 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 of the company’s stock, valued at $20,585,632.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Peter Fante sold 4,417 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $36.60, for a total transaction 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. 1.70% of the stock is owned by company insiders.

Institutional Trading of Verint Systems

A number of hedge funds have recently bought and sold shares of VRNT. Teachers Retirement System of The State of Kentucky boosted its stake in Verint Systems by 31.2% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 54,942 shares of the technology company’s stock worth $1,769,000 after buying an additional 13,076 shares during the last quarter. Brandes Investment Partners LP lifted its position in Verint Systems by 33.6% during the second quarter. Brandes Investment Partners LP now owns 24,440 shares of the technology company’s stock valued at $787,000 after buying an additional 6,150 shares in the last quarter. Quarry LP raised its position in 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 purchasing an additional 489 shares during the period. Creative Planning boosted its holdings in Verint Systems by 79.3% in the 2nd quarter. Creative Planning now owns 14,719 shares of the technology company’s stock worth $474,000 after acquiring an additional 6,508 shares during the period. Finally, Algert Global LLC purchased a new stake in Verint Systems during the 2nd quarter worth $202,000. 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 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.