Verint Systems (NASDAQ:VRNT) Upgraded at Rosenblatt Securities

Rosenblatt Securities upgraded shares of Verint Systems (NASDAQ:VRNT) to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Cowen reissued a “buy” rating on shares of Verint Systems in a report on Wednesday, June 4th. Evercore ISI decreased their target price on Verint Systems from $34.00 to $23.00 and set an “in-line” rating for the company in a report on Thursday, March 27th. Wedbush reaffirmed an “outperform” rating and set a $30.00 target price on shares of Verint Systems in a report on Wednesday, June 4th. Wall Street Zen downgraded Verint Systems from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Finally, Royal Bank Of Canada decreased their target price on Verint Systems from $36.00 to $29.00 and set an “outperform” rating for the company in a report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $31.71.

Verint Systems Trading Up 1.2%

Shares of Verint Systems stock opened at $20.81 on Thursday. The firm has a market cap of $1.25 billion, a P/E ratio of 25.38, a P/E/G ratio of 0.83 and a beta of 1.43. Verint Systems has a 12 month low of $14.15 and a 12 month high of $37.31. The stock’s fifty day moving average price is $18.70 and its 200-day moving average price is $20.59.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.12). Verint Systems had a net margin of 7.66% and a return on equity of 12.35%. The company had revenue of $173.62 million for the quarter, compared to the consensus estimate of $194.61 million. During the same period in the previous year, the business earned $0.59 EPS. Verint Systems’s revenue for the quarter was down 6.0% compared to the same quarter last year. Analysts forecast that Verint Systems will post 1.92 earnings per share for the current year.

Hedge Funds Weigh In On Verint Systems

A number of institutional investors have recently bought and sold shares of VRNT. Strs Ohio acquired a new position in shares of Verint Systems in the 1st quarter valued at $29,000. Headlands Technologies LLC acquired a new position in shares of Verint Systems in the 4th quarter valued at $52,000. Sterling Capital Management LLC lifted its stake in shares of Verint Systems by 808.0% in the 4th 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 during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Verint Systems by 45.7% in the 4th 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. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Verint Systems in the 4th quarter valued at $58,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

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.