Verint Systems Inc. (NASDAQ:VRNT) Receives $35.67 Average Target Price from Brokerages

Verint Systems Inc. (NASDAQ:VRNT) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $31.67.

VRNT has been the subject of several research reports. Jefferies Financial Group upped their target price on Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. StockNews.com downgraded shares of Verint Systems from a “buy” rating to a “hold” rating in a research note on Thursday. Needham & Company LLC decreased 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. Royal Bank of Canada reduced their price target on Verint Systems from $36.00 to $29.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Evercore ISI dropped their price objective on Verint Systems from $34.00 to $23.00 and set an “in-line” rating for the company in a research note on Thursday.

Hedge Funds Weigh In On Verint Systems

Institutional investors have recently bought and sold shares of the stock. Plato Investment Management Ltd bought a new position in Verint Systems in the fourth quarter worth $43,000. Parkside Financial Bank & Trust bought a new stake in Verint Systems during the fourth quarter worth about $52,000. Headlands Technologies LLC purchased a new stake in Verint Systems in the fourth quarter worth about $52,000. Sterling Capital Management LLC increased its stake in shares of Verint Systems by 808.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company’s stock valued at $53,000 after purchasing an additional 1,713 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Verint Systems by 45.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company’s stock valued at $54,000 after purchasing an additional 613 shares during the last quarter. 94.95% of the stock is owned by institutional investors.

Verint Systems Trading Down 13.4 %

Shares of Verint Systems stock opened at $18.73 on Tuesday. The company has a 50 day simple moving average of $23.88 and a two-hundred day simple moving average of $24.74. The firm has a market cap of $1.17 billion, a PE ratio of 19.93, a PEG ratio of 0.97 and a beta of 1.29. Verint Systems has a 1 year low of $18.17 and a 1 year high of $38.17. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28.

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

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.