Shares of Verint Systems Inc. (NASDAQ:VRNT) have earned a consensus recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $43.86.

A number of analysts recently commented on the stock. Zacks Investment Research downgraded shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $50.00 target price (up from $48.00) on shares of Verint Systems in a report on Friday, June 9th. Imperial Capital reiterated an “in-line” rating and issued a $47.00 target price (up from $45.00) on shares of Verint Systems in a report on Friday, June 9th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $48.00 target price (up from $44.00) on shares of Verint Systems in a report on Thursday, June 8th.

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In other news, CFO Douglas Robinson sold 2,635 shares of Verint Systems stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $40.86, for a total value of $107,666.10. Following the transaction, the chief financial officer now directly owns 159,818 shares of the company’s stock, valued at $6,530,163.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Larry F. Myers sold 3,103 shares of Verint Systems stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $41.40, for a total transaction of $128,464.20. Following the completion of the transaction, the director now directly owns 10,751 shares in the company, valued at $445,091.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,584 shares of company stock worth $393,624. 1.30% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VRNT. OxFORD Asset Management LLP increased its position in Verint Systems by 88.0% in the second quarter. OxFORD Asset Management LLP now owns 55,997 shares of the technology company’s stock valued at $2,279,000 after buying an additional 26,217 shares during the period. Global Endowment Management LP increased its position in Verint Systems by 11.7% in the second quarter. Global Endowment Management LP now owns 10,540 shares of the technology company’s stock valued at $429,000 after buying an additional 1,100 shares during the period. Dimensional Fund Advisors LP increased its position in Verint Systems by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,353,467 shares of the technology company’s stock valued at $55,085,000 after buying an additional 79,075 shares during the period. Parametric Portfolio Associates LLC increased its position in Verint Systems by 10.5% in the second quarter. Parametric Portfolio Associates LLC now owns 83,696 shares of the technology company’s stock valued at $3,406,000 after buying an additional 7,929 shares during the period. Finally, Vanguard Group Inc. increased its position in Verint Systems by 1.0% in the second quarter. Vanguard Group Inc. now owns 5,160,308 shares of the technology company’s stock valued at $210,024,000 after buying an additional 50,136 shares during the period. 97.18% of the stock is currently owned by institutional investors and hedge funds.

Shares of Verint Systems (VRNT) traded down 0.26% on Friday, reaching $38.00. 637,429 shares of the company’s stock traded hands. The company has a 50 day moving average price of $39.58 and a 200 day moving average price of $39.65. The firm’s market capitalization is $2.38 billion. Verint Systems has a 52 week low of $33.40 and a 52 week high of $44.70.

Verint Systems (NASDAQ:VRNT) last released its earnings results on Wednesday, June 7th. The technology company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.11. Verint Systems had a negative net margin of 2.94% and a positive return on equity of 9.76%. The business had revenue of $265.70 million for the quarter, compared to the consensus estimate of $259.97 million. During the same period in the previous year, the firm earned $0.46 EPS. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, equities research analysts predict that Verint Systems will post $2.72 earnings per share for the current fiscal year.

Verint Systems Company Profile

Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.

Analyst Recommendations for Verint Systems (NASDAQ:VRNT)

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