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

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

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

Verint Systems Price Performance

NASDAQ VRNT opened at $31.09 on Thursday. The stock’s 50-day moving average price is $30.70 and its two-hundred day moving average price 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. The company has a market cap of $1.96 billion, a PE ratio of 777.44, a PEG ratio of 1.32 and a beta of 1.20. Verint Systems has a 1 year low of $18.41 and a 1 year high of $40.28.

Insiders Place Their Bets

In other Verint Systems news, CEO Dan Bodner sold 68,372 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $30.00, for a total transaction of $2,051,160.00. Following the completion of the sale, the chief executive officer now owns 924,102 shares of the company’s stock, valued at $27,723,060. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Verint Systems by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 7,182,580 shares of the technology company’s stock worth $194,145,000 after buying an additional 73,592 shares during the last quarter. BlackRock Inc. raised its stake in shares of Verint Systems by 5.4% in the first quarter. BlackRock Inc. now owns 5,286,849 shares of the technology company’s stock valued at $196,882,000 after purchasing an additional 270,971 shares in the last quarter. Victory Capital Management Inc. raised its stake in Verint Systems by 15.8% during the fourth quarter. Victory Capital Management Inc. now owns 4,425,278 shares of the technology company’s stock worth $160,549,000 after acquiring an additional 604,112 shares in the last quarter. RGM Capital LLC raised its stake in Verint Systems by 1.4% during 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. Finally, Massachusetts Financial Services Co. MA raised its stake in Verint Systems by 6.5% during 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. 94.95% of the stock is currently owned by institutional investors and hedge funds.

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.