Verint Systems Inc. (NASDAQ:VRNT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Verint Systems Inc. (NASDAQ:VRNT) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $30.33.

Several brokerages have recently weighed in on VRNT. Royal Bank of Canada decreased their target price on shares of Verint Systems from $36.00 to $29.00 and set an “outperform” rating on the stock in a research report on Thursday. Jefferies Financial Group increased their target price on Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Needham & Company LLC decreased their price target on Verint Systems from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday. StockNews.com lowered Verint Systems from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Wedbush dropped their price objective on Verint Systems from $38.00 to $30.00 and set an “outperform” rating for the company in a research note on Friday.

Verint Systems Trading Down 4.7 %

Shares of VRNT opened at $17.85 on Tuesday. The stock’s 50-day moving average price is $23.75 and its 200 day moving average price is $24.68. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. Verint Systems has a 12-month low of $17.64 and a 12-month high of $38.17. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 18.99, a P/E/G ratio of 0.97 and a beta of 1.29.

Verint Systems (NASDAQ:VRNT) last issued its earnings results on Wednesday, March 26th. The technology company reported $0.99 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 analyst estimates of $276.82 million. Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 earnings per share. As a group, research analysts predict that Verint Systems will post 1.92 earnings per share for the current year.

Hedge Funds Weigh In On Verint Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Plato Investment Management Ltd bought a new position in shares of Verint Systems in the fourth quarter valued at about $43,000. Headlands Technologies LLC acquired a new stake in Verint Systems in the 4th quarter valued at about $52,000. Parkside Financial Bank & Trust bought a new position in shares of Verint Systems in the fourth quarter worth about $52,000. Sterling Capital Management LLC lifted its position 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 in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake 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 valued at $54,000 after purchasing an additional 613 shares during the last quarter. Institutional investors and hedge funds own 94.95% of the company’s stock.

About Verint Systems

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.