Verint Systems’ (VRNT) “Neutral” Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities restated their neutral rating on shares of Verint Systems (NASDAQ:VRNT) in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a $20.50 price target on the technology company’s stock, down from their prior price target of $40.00.

Several other research firms also recently issued reports on VRNT. Wedbush reiterated an “outperform” rating and set a $30.00 price target on shares of Verint Systems in a research note on Wednesday, June 4th. Needham & Company LLC reiterated a “buy” rating and set a $30.00 price target on shares of Verint Systems in a research note on Thursday, June 5th. Finally, Cowen reiterated a “buy” rating on shares of Verint Systems in a research note on Wednesday, June 4th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $28.93.

Verint Systems Price Performance

Shares of VRNT stock opened at $20.20 on Monday. The firm has a market cap of $1.22 billion, a P/E ratio of 24.63, a PEG ratio of 0.82 and a beta of 1.46. The stock’s 50-day moving average is $20.15 and its two-hundred day moving average is $19.69. Verint Systems has a fifty-two week low of $14.15 and a fifty-two week high of $34.80.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Wednesday, June 4th. The technology company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.12). The company had revenue of $173.62 million for the quarter, compared to the consensus estimate of $194.61 million. Verint Systems had a return on equity of 12.35% and a net margin of 7.66%.The business’s revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.59 EPS. Verint Systems has set its FY 2026 guidance at 2.930-2.930 EPS. As a group, research analysts expect that Verint Systems will post 1.92 EPS for the current year.

Institutional Trading of Verint Systems

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Verint Systems by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 7,819,401 shares of the technology company’s stock worth $139,576,000 after acquiring an additional 55,918 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Verint Systems by 15.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,479,163 shares of the technology company’s stock worth $68,054,000 after buying an additional 338,454 shares during the period. Global Alpha Capital Management Ltd. lifted its position in shares of Verint Systems by 41.0% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 2,468,603 shares of the technology company’s stock worth $48,557,000 after buying an additional 718,000 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Verint Systems by 148.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,175,147 shares of the technology company’s stock worth $38,826,000 after buying an additional 1,299,085 shares during the period. Finally, Prudential Financial Inc. lifted its position in shares of Verint Systems by 5.1% during the 2nd quarter. Prudential Financial Inc. now owns 1,708,803 shares of the technology company’s stock worth $33,612,000 after buying an additional 83,397 shares during the period. Institutional investors own 94.95% of the company’s stock.

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.