Verint Systems (NASDAQ:VRNT - Get Free Report) had its price target decreased by Royal Bank of Canada from $36.00 to $29.00 in a report released on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the technology company's stock. Royal Bank of Canada's price objective indicates a potential upside of 63.47% from the company's previous close.
A number of other research firms also recently weighed in on VRNT. Needham & Company LLC dropped their target price on Verint Systems from $40.00 to $30.00 and set a "buy" rating for the company in a report on Thursday. Jefferies Financial Group lifted their price objective on shares of Verint Systems from $28.00 to $34.00 and gave the stock a "hold" rating in a research note on Friday, December 6th. StockNews.com upgraded shares of Verint Systems from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Finally, Evercore ISI dropped their price target on shares of Verint Systems from $34.00 to $23.00 and set an "in-line" rating for the company in a research report on Thursday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Verint Systems has a consensus rating of "Moderate Buy" and an average target price of $30.33.
View Our Latest Analysis on Verint Systems
Verint Systems Stock Performance
VRNT traded down $0.11 on Thursday, reaching $17.74. The company had a trading volume of 405,281 shares, compared to its average volume of 753,544. The stock has a market cap of $1.10 billion, a P/E ratio of 18.87, 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 quick ratio of 1.28 and a current ratio of 1.32. Verint Systems has a fifty-two week low of $17.28 and a fifty-two week high of $38.17. The company's fifty day moving average is $23.75 and its 200 day moving average is $24.67.
Verint Systems (NASDAQ:VRNT - Get Free Report) last posted its earnings results on Wednesday, March 26th. The technology company reported $0.99 EPS for the quarter, missing the consensus estimate 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%. Verint Systems's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.07 EPS. As a group, analysts predict that Verint Systems will post 1.92 earnings per share for the current fiscal year.
Institutional Trading of Verint Systems
Institutional investors and hedge funds have recently made changes to their positions in the company. Mackenzie Financial Corp raised its position in Verint Systems by 142.6% during the fourth quarter. Mackenzie Financial Corp now owns 97,757 shares of the technology company's stock valued at $2,683,000 after purchasing an additional 57,465 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new position in shares of Verint Systems during the 4th quarter worth $768,000. ProShare Advisors LLC raised its stake in Verint Systems by 32.4% during the fourth quarter. ProShare Advisors LLC now owns 22,769 shares of the technology company's stock worth $625,000 after acquiring an additional 5,571 shares in the last quarter. Man Group plc bought a new position in shares of Verint Systems in the fourth quarter worth about $221,000. Finally, Millennium Management LLC lifted its holdings in shares of Verint Systems by 62.1% in the fourth quarter. Millennium Management LLC now owns 516,438 shares of the technology company's stock worth $14,176,000 after acquiring an additional 197,893 shares during the last quarter. Institutional investors own 94.95% of the company's stock.
About Verint Systems
(
Get Free Report)
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.
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