Royal Bank of Canada Reiterates “Outperform” Rating for Verint Systems (NASDAQ:VRNT)

Royal Bank of Canada reaffirmed their outperform rating on shares of Verint Systems (NASDAQ:VRNT) in a report released on Wednesday, Benzinga reports. Royal Bank of Canada currently has a $36.00 price target on the technology company’s stock.

Other analysts also recently issued research reports about the stock. Needham & Company LLC reaffirmed a buy rating and issued a $40.00 target price on shares of Verint Systems in a report on Wednesday. StockNews.com raised shares of Verint Systems from a hold rating to a buy rating in a report on Thursday, March 14th. TheStreet raised shares of Verint Systems from a d+ rating to a c- rating in a report on Wednesday, February 14th. Finally, Oppenheimer reissued a market perform rating on shares of Verint Systems in a report on Thursday, March 28th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Verint Systems presently has a consensus rating of Moderate Buy and an average target price of $35.20.

Verint Systems Trading Up 1.1 %

Shares of Verint Systems stock opened at $36.78 on Wednesday. The company has a market capitalization of $2.27 billion, a P/E ratio of 76.63, a PEG ratio of 1.52 and a beta of 1.21. The company’s fifty day moving average is $31.09 and its two-hundred day moving average is $29.59. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.34 and a current ratio of 1.34. Verint Systems has a 1 year low of $18.41 and a 1 year high of $40.28.

Verint Systems (NASDAQ:VRNT) last issued its earnings results on Wednesday, March 27th. The technology company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.04. The business had revenue of $265.22 million for the quarter, compared to the consensus estimate of $261.45 million. Verint Systems had a net margin of 5.52% and a return on equity of 16.56%. Analysts forecast that Verint Systems will post 2 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Dan Bodner sold 35,039 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $30.00, for a total value of $1,051,170.00. Following the completion of the transaction, the chief executive officer now owns 991,748 shares of the company’s stock, valued at $29,752,440. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Dan Bodner sold 35,039 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $30.00, for a total value of $1,051,170.00. Following the completion of the transaction, the chief executive officer now owns 991,748 shares of the company’s stock, valued at $29,752,440. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Grant A. Highlander sold 2,062 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $30.09, for a total transaction of $62,045.58. Following the completion of the transaction, the chief financial officer now directly owns 82,442 shares of the company’s stock, valued at approximately $2,480,679.78. The disclosure for this sale can be found here. Over the last quarter, insiders sold 158,988 shares of company stock worth $4,873,715. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Verint Systems

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Verint Systems by 2.6% during the first quarter. Vanguard Group Inc. now owns 7,367,685 shares of the technology company’s stock worth $244,239,000 after buying an additional 185,105 shares during the period. RGM Capital LLC increased its position in shares of Verint Systems by 1.4% in the third quarter. RGM Capital LLC now owns 3,011,394 shares of the technology company’s stock worth $69,232,000 after acquiring an additional 42,732 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Verint Systems by 6.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,527,443 shares of the technology company’s stock worth $58,106,000 after acquiring an additional 154,285 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Verint Systems in the fourth quarter worth $34,172,000. Finally, William Blair Investment Management LLC increased its position in shares of Verint Systems by 8.9% in the third quarter. William Blair Investment Management LLC now owns 1,035,957 shares of the technology company’s stock worth $23,817,000 after acquiring an additional 84,911 shares in the last quarter. 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.