Verint Systems Inc. (NASDAQ:VRNT) Receives $31.71 Consensus PT from Analysts

Verint Systems Inc. (NASDAQ:VRNT) has earned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $31.71.

Several equities analysts have recently weighed in on VRNT shares. Cowen reiterated a “buy” rating on shares of Verint Systems in a report on Wednesday, June 4th. Wedbush reaffirmed an “outperform” rating and issued a $30.00 target price on shares of Verint Systems in a research report on Wednesday, June 4th. Rosenblatt Securities started coverage on Verint Systems in a report on Friday, July 18th. They issued a “buy” rating and a $40.00 price target on the stock. Finally, Needham & Company LLC reissued a “buy” rating and issued a $30.00 price objective on shares of Verint Systems in a research note on Thursday, June 5th.

Verint Systems Stock Performance

Shares of VRNT stock opened at $21.55 on Monday. Verint Systems has a fifty-two week low of $14.15 and a fifty-two week high of $37.31. The stock has a 50 day simple moving average of $19.32 and a two-hundred day simple moving average of $20.40. The company has a market cap of $1.30 billion, a P/E ratio of 26.28, a PEG ratio of 0.87 and a beta of 1.43.

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

Hedge Funds Weigh In On Verint Systems

A number of hedge funds have recently added to or reduced their stakes in VRNT. Strs Ohio bought a new position in shares of Verint Systems during the first quarter valued at about $29,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Verint Systems during the 1st quarter worth approximately $40,000. Headlands Technologies LLC purchased a new position in shares of Verint Systems in the 4th quarter worth approximately $52,000. Sterling Capital Management LLC grew its holdings in shares of Verint Systems by 808.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company’s stock valued at $53,000 after acquiring an additional 1,713 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Verint Systems in the fourth quarter valued at approximately $58,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

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.