Verint Systems (NASDAQ:VRNT) Rating Lowered to “Hold” at StockNews.com

StockNews.com lowered shares of Verint Systems (NASDAQ:VRNT) from a buy rating to a hold rating in a research note published on Thursday morning.

Other research analysts have also issued reports about the company. Evercore ISI cut their target price on Verint Systems from $34.00 to $23.00 and set an “in-line” rating for the company in a research note on Thursday. Needham & Company LLC reduced their price objective on Verint Systems from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday. Jefferies Financial Group increased their price target on Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada cut their target price on shares of Verint Systems from $36.00 to $29.00 and set an “outperform” rating on the stock in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $31.67.

Verint Systems Price Performance

NASDAQ VRNT opened at $18.73 on Thursday. The stock has a market capitalization of $1.17 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 0.97 and a beta of 1.29. Verint Systems has a 12-month low of $18.17 and a 12-month high of $38.17. The company has a 50 day moving average price of $23.88 and a two-hundred day moving average price of $24.74. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47.

Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, March 26th. The technology company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.28). The firm had revenue of $253.50 million during the quarter, compared to the consensus estimate of $276.82 million. Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. The business’s revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.07 EPS. As a group, equities analysts predict that Verint Systems will post 1.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Verint Systems

Hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp lifted its position in shares of Verint Systems by 1.5% in the third quarter. State Street Corp now owns 1,573,801 shares of the technology company’s stock valued at $39,864,000 after buying an additional 23,400 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Verint Systems by 0.3% in the third quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company’s stock valued at $38,004,000 after buying an additional 4,034 shares during the period. Raymond James Financial Inc. bought a new position in shares of Verint Systems in the fourth quarter worth $5,276,000. Quantbot Technologies LP bought a new stake in shares of Verint Systems during the 3rd quarter worth approximately $58,000. Finally, Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Verint Systems by 32.4% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 775,869 shares of the technology company’s stock worth $21,298,000 after buying an additional 189,860 shares in the last quarter. 94.95% of the stock is owned by institutional investors.

About Verint Systems

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.