Verint Systems (NASDAQ:VRNT) Cut to “Hold” at TD Cowen

TD Cowen cut shares of Verint Systems (NASDAQ:VRNT) from a strong-buy rating to a hold rating in a report released on Monday,Zacks.com reports.

Several other equities research analysts have also commented on the stock. Rosenblatt Securities lowered shares of Verint Systems from a “buy” rating to a “hold” rating and dropped their price target for the company from $40.00 to $20.50 in a research note on Monday. Wedbush restated an “outperform” rating and issued a $30.00 price target on shares of Verint Systems in a research note on Wednesday, June 4th. Royal Bank Of Canada restated a “sector perform” rating and issued a $20.50 price target (down previously from $29.00) on shares of Verint Systems in a research note on Tuesday. Needham & Company LLC lowered shares of Verint Systems from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Cowen reiterated a “buy” rating on shares of Verint Systems in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $27.71.

Verint Systems Stock Up 0.2%

VRNT opened at $20.38 on Monday. The company’s 50-day moving average price is $20.30 and its 200 day moving average price is $19.70. Verint Systems has a fifty-two week low of $14.15 and a fifty-two week high of $34.80. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 0.81 and a beta of 1.46.

Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings results 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 net margin of 7.66% and a return on equity of 12.35%. The firm had revenue of $173.62 million during the quarter, compared to analyst estimates of $194.61 million. During the same quarter in the previous year, the business posted $0.59 EPS. Verint Systems’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. Research analysts anticipate that Verint Systems will post 1.92 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Pitcairn Co. increased its stake in shares of Verint Systems by 20.4% during the second quarter. Pitcairn Co. now owns 18,607 shares of the technology company’s stock valued at $366,000 after acquiring an additional 3,159 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Verint Systems by 171.6% during the second quarter. Tower Research Capital LLC TRC now owns 7,069 shares of the technology company’s stock worth $139,000 after buying an additional 4,466 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Verint Systems by 6.6% during the second quarter. BNP Paribas Financial Markets now owns 424,439 shares of the technology company’s stock worth $8,349,000 after buying an additional 26,271 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in Verint Systems by 371.7% during the second quarter. Bridgeway Capital Management LLC now owns 449,041 shares of the technology company’s stock worth $8,833,000 after buying an additional 353,841 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Verint Systems by 84.2% during the second quarter. AQR Capital Management LLC now owns 403,605 shares of the technology company’s stock worth $7,939,000 after buying an additional 184,441 shares in the last quarter. 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.