Verint Systems (NASDAQ:VRNT) Rating Lowered to Hold at Wedbush

Verint Systems (NASDAQ:VRNT) was downgraded by Wedbush from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Other analysts have also issued reports about the stock. Royal Bank Of Canada reiterated a “sector perform” rating and set a $20.50 target price (down from $29.00) on shares of Verint Systems in a research report on Tuesday. Needham & Company LLC lowered shares of Verint Systems from a “buy” rating to a “hold” rating in a research report on Monday. Rosenblatt Securities lowered shares of Verint Systems from a “buy” rating to a “hold” rating and decreased their target price for the company from $40.00 to $20.50 in a research report on Monday. TD Cowen lowered shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Cowen reiterated a “buy” rating on shares of Verint Systems in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Verint Systems currently has a consensus rating of “Hold” and an average price target of $27.71.

Verint Systems Price Performance

NASDAQ VRNT opened at $20.38 on Tuesday. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 24.85, a P/E/G ratio of 0.81 and a beta of 1.46. The company’s fifty day moving average is $20.30 and its two-hundred day moving average is $19.70. Verint Systems has a 52-week low of $14.15 and a 52-week high of $34.80.

Verint Systems (NASDAQ:VRNT) last posted 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 during the quarter, compared to analyst estimates 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 for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.59 earnings per share. Verint Systems has set its FY 2026 guidance at 2.930-2.930 EPS. As a group, sell-side analysts expect that Verint Systems will post 1.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Verint Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strs Ohio acquired a new position in Verint Systems in the first quarter valued at about $29,000. Caitong International Asset Management Co. Ltd boosted its position in Verint Systems by 2,180.6% in the second quarter. Caitong International Asset Management Co. Ltd now owns 1,642 shares of the technology company’s stock valued at $32,000 after buying an additional 1,570 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Verint Systems by 114.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,055 shares of the technology company’s stock valued at $40,000 after buying an additional 1,098 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Verint Systems in the first quarter valued at about $40,000. Finally, Parkside Financial Bank & Trust boosted its position in Verint Systems by 30.8% in the second quarter. Parkside Financial Bank & Trust now owns 2,606 shares of the technology company’s stock valued at $51,000 after buying an additional 613 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.

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.