Verint Systems Inc. (NASDAQ:VRNT) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Verint Systems Inc. (NASDAQ:VRNT) have been given an average rating of “Moderate Buy” by the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $30.33.

A number of research analysts have recently commented on VRNT shares. Wedbush dropped their price objective on Verint Systems from $38.00 to $30.00 and set an “outperform” rating on the stock in a report on Friday. Evercore ISI dropped their price target on shares of Verint Systems from $34.00 to $23.00 and set an “in-line” rating on the stock in a research note on Thursday, March 27th. Jefferies Financial Group increased their target price on shares of Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Needham & Company LLC decreased their price objective on shares of Verint Systems from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, March 27th. Finally, Royal Bank of Canada dropped their price objective on Verint Systems from $36.00 to $29.00 and set an “outperform” rating on the stock in a report on Thursday, March 27th.

Hedge Funds Weigh In On Verint Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Plato Investment Management Ltd purchased a new stake in Verint Systems during the 4th quarter valued at approximately $43,000. Parkside Financial Bank & Trust purchased a new position in shares of Verint Systems in the 4th quarter valued at approximately $52,000. Headlands Technologies LLC acquired a new position in shares of Verint Systems in the fourth quarter valued at approximately $52,000. Sterling Capital Management LLC raised its stake in shares of Verint Systems by 808.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company’s stock worth $53,000 after purchasing an additional 1,713 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Verint Systems by 45.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company’s stock worth $54,000 after purchasing an additional 613 shares during the period. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Verint Systems Price Performance

VRNT stock opened at $17.85 on Tuesday. Verint Systems has a 1 year low of $17.27 and a 1 year high of $38.17. The firm has a market capitalization of $1.11 billion, a P/E ratio of 18.99, a P/E/G ratio of 0.97 and a beta of 1.29. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. The business’s 50-day moving average is $23.61 and its two-hundred day moving average is $24.62.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, March 26th. The technology company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.28). The firm had revenue of $253.50 million during the quarter, compared to analysts’ expectations of $276.82 million. Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. The firm’s revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.07 EPS. 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.