Verint Systems Inc. (NASDAQ:VRNT) Receives $26.33 Consensus PT from Analysts

Shares of Verint Systems Inc. (NASDAQ:VRNT) have earned a consensus rating of “Hold” from the eight analysts that are covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $26.3333.

VRNT has been the subject of a number of recent analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $20.50 price objective (down previously from $29.00) on shares of Verint Systems in a report on Tuesday, August 26th. Rosenblatt Securities downgraded Verint Systems from a “buy” rating to a “hold” rating and dropped their price objective for the company from $40.00 to $20.50 in a report on Monday, August 25th. Wedbush downgraded Verint Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. Needham & Company LLC downgraded Verint Systems from a “buy” rating to a “hold” rating in a report on Monday, August 25th. Finally, TD Cowen downgraded Verint Systems from a “strong-buy” rating to a “hold” rating in a report on Monday, August 25th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VRNT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Verint Systems by 148.3% in the first 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 acquiring an additional 1,299,085 shares during the period. Global Alpha Capital Management Ltd. grew its stake in Verint Systems by 41.0% in the second quarter. Global Alpha Capital Management Ltd. now owns 2,468,603 shares of the technology company’s stock valued at $48,557,000 after acquiring an additional 718,000 shares during the period. Invenomic Capital Management LP grew its stake in Verint Systems by 116.5% in the first quarter. Invenomic Capital Management LP now owns 1,155,532 shares of the technology company’s stock valued at $20,626,000 after acquiring an additional 621,707 shares during the period. Philosophy Capital Management LLC acquired a new position in Verint Systems in the first quarter valued at about $10,168,000. Finally, Nuveen LLC acquired a new position in Verint Systems in the first quarter valued at about $8,758,000. 94.95% of the stock is owned by institutional investors and hedge funds.

Verint Systems Stock Down 0.1%

VRNT stock opened at $20.29 on Tuesday. The company has a market cap of $1.22 billion, a P/E ratio of 28.58, a PEG ratio of 0.89 and a beta of 1.47. Verint Systems has a twelve month low of $14.15 and a twelve month high of $34.80. The business has a fifty day moving average of $20.55 and a 200-day moving average of $19.20.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Tuesday, September 2nd. The technology company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. The business had revenue of $165.52 million during the quarter, compared to the consensus estimate of $200.43 million. Verint Systems had a return on equity of 11.06% and a net margin of 6.87%.The firm’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 earnings per share. As a group, equities research analysts anticipate that Verint Systems will post 1.92 earnings per share for the current fiscal year.

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.