Verint Systems’ (VRNT) “Sector Perform” Rating Reaffirmed at Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their sector perform rating on shares of Verint Systems (NASDAQ:VRNT) in a research report report published on Tuesday morning,Benzinga reports. They currently have a $20.50 price objective on the technology company’s stock, down from their prior price objective of $29.00.

Several other brokerages also recently commented on VRNT. Rosenblatt Securities downgraded shares of Verint Systems from a “buy” rating to a “hold” rating and reduced their price target for the company from $40.00 to $20.50 in a research report on Monday. Cowen restated a “buy” rating on shares of Verint Systems in a research report on Wednesday, June 4th. Wedbush restated an “outperform” rating and issued a $30.00 price target on shares of Verint Systems in a research report on Wednesday, June 4th. Finally, Needham & Company LLC downgraded shares of Verint Systems from a “buy” rating to a “hold” rating in a research report on Monday. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Verint Systems has an average rating of “Hold” and a consensus target price of $27.71.

Verint Systems Price Performance

NASDAQ VRNT opened at $20.34 on Tuesday. The company’s 50 day simple moving average is $20.22 and its 200 day simple moving average is $19.69. Verint Systems has a 12 month low of $14.15 and a 12 month high of $34.80. The company has a market capitalization of $1.22 billion, a P/E ratio of 24.81, a PEG ratio of 0.81 and a beta of 1.46.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in VRNT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Verint Systems by 148.3% in 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 valued at $38,826,000 after buying an additional 1,299,085 shares during the period. Global Alpha Capital Management Ltd. increased its stake in Verint Systems by 41.0% in the 2nd quarter. Global Alpha Capital Management Ltd. now owns 2,468,603 shares of the technology company’s stock valued at $48,557,000 after buying an additional 718,000 shares during the period. Invenomic Capital Management LP increased its stake in Verint Systems by 116.5% in the 1st quarter. Invenomic Capital Management LP now owns 1,155,532 shares of the technology company’s stock valued at $20,626,000 after buying an additional 621,707 shares during the period. Philosophy Capital Management LLC acquired a new position in Verint Systems in the 1st quarter valued at approximately $10,168,000. Finally, Nuveen LLC acquired a new position in Verint Systems in the 1st quarter valued at approximately $8,758,000. Institutional investors and hedge funds 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.