Verint Systems Inc. (NASDAQ:VRNT) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seven ratings firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $35.67.

A number of brokerages have issued reports on VRNT. StockNews.com upgraded shares of Verint Systems from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Royal Bank of Canada restated an "outperform" rating and set a $36.00 price objective on shares of Verint Systems in a research report on Wednesday, January 15th. Jefferies Financial Group increased their target price on Verint Systems from $28.00 to $34.00 and gave the company a "hold" rating in a report on Friday, December 6th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $40.00 price target on shares of Verint Systems in a report on Friday, January 10th.

Institutional Investors Weigh In On Verint Systems

Hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp increased its stake in shares of Verint Systems by 1.5% during the 3rd quarter. State Street Corp now owns 1,573,801 shares of the technology company's stock valued at $39,864,000 after acquiring an additional 23,400 shares during the last quarter. Geode Capital Management LLC grew its holdings in Verint Systems by 0.3% in the third quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company's stock valued at $38,004,000 after purchasing an additional 4,034 shares during the period. Quantbot Technologies LP acquired a new position in Verint Systems during the third quarter worth approximately $58,000. Fort Washington Investment Advisors Inc. OH raised its stake in Verint Systems by 32.4% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 775,869 shares of the technology company's stock worth $21,298,000 after purchasing an additional 189,860 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of Verint Systems in the 3rd quarter valued at $571,000. Hedge funds and other institutional investors own 94.95% of the company's stock.

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Verint Systems Price Performance

Shares of NASDAQ:VRNT traded down $0.14 during midday trading on Tuesday, hitting $21.80. 1,441,856 shares of the stock were exchanged, compared to its average volume of 730,814. Verint Systems has a twelve month low of $20.67 and a twelve month high of $38.17. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average price of $24.06 and a 200-day moving average price of $24.81. The stock has a market cap of $1.36 billion, a P/E ratio of 23.19, a PEG ratio of 0.97 and a beta of 1.29.

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.