Verint Systems Inc. (NASDAQ:VRNT) Receives Average Rating of “Hold” from Brokerages

Verint Systems Inc. (NASDAQ:VRNT) has earned a consensus rating of “Hold” from the nine brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $26.3333.

A number of research analysts recently weighed in on VRNT shares. Needham & Company LLC lowered shares of Verint Systems from a “buy” rating to a “hold” rating in a research note on Monday, August 25th. Wedbush cut Verint Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $20.50 price objective (down from $29.00) on shares of Verint Systems in a research note on Tuesday, August 26th. Weiss Ratings restated a “sell (d+)” rating on shares of Verint Systems in a research note on Wednesday, October 8th. Finally, TD Cowen lowered Verint Systems from a “strong-buy” rating to a “hold” rating in a report on Monday, August 25th.

Verint Systems Stock Performance

VRNT stock opened at $20.51 on Friday. The stock has a fifty day moving average of $20.29 and a 200-day moving average of $19.84. Verint Systems has a fifty-two week low of $14.15 and a fifty-two week high of $34.80. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 28.89, a PEG ratio of 0.89 and a beta of 1.52.

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 the consensus estimate of $0.26 by $0.07. The business had revenue of $165.52 million for the quarter, compared to the consensus estimate of $200.43 million. Verint Systems had a net margin of 6.87% and a return on equity of 11.06%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 earnings per share. Equities analysts predict that Verint Systems will post 1.92 EPS for the current year.

Institutional Trading of Verint Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. raised its position in shares of Verint Systems by 24.5% during the 1st quarter. Russell Investments Group Ltd. now owns 241,466 shares of the technology company’s stock valued at $4,310,000 after buying an additional 47,487 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Verint Systems in the first quarter valued at $572,000. Global Alpha Capital Management Ltd. raised its position in Verint Systems by 1.9% during the first quarter. Global Alpha Capital Management Ltd. now owns 1,750,603 shares of the technology company’s stock valued at $31,248,000 after purchasing an additional 32,900 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Verint Systems during the second quarter worth about $468,000. Finally, Prudential Financial Inc. boosted its holdings in shares of Verint Systems by 5.1% in the 2nd quarter. Prudential Financial Inc. now owns 1,708,803 shares of the technology company’s stock worth $33,612,000 after purchasing an additional 83,397 shares in the last quarter. Institutional investors 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.