Shares of Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities 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 target among brokerages that have covered the stock in the last year is $30.33.
VRNT has been the subject of several recent research reports. Needham & Company LLC reduced their price objective on Verint Systems from $40.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday. Jefferies Financial Group lifted their target price on Verint Systems from $28.00 to $34.00 and gave the company a "hold" rating in a research report on Friday, December 6th. Wedbush decreased their price objective on shares of Verint Systems from $38.00 to $30.00 and set an "outperform" rating for the company in a research report on Friday. Royal Bank of Canada dropped their target price on shares of Verint Systems from $36.00 to $29.00 and set an "outperform" rating on the stock in a report on Thursday. Finally, Evercore ISI reduced their price target on Verint Systems from $34.00 to $23.00 and set an "in-line" rating for the company in a report on Thursday.
Get Our Latest Analysis on Verint Systems
Institutional Investors Weigh In On Verint Systems
A number of institutional investors have recently made changes to their positions in VRNT. Intech Investment Management LLC acquired a new stake in Verint Systems during the 3rd quarter worth approximately $571,000. Charles Schwab Investment Management Inc. raised its holdings in Verint Systems by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 651,741 shares of the technology company's stock valued at $16,509,000 after acquiring an additional 7,409 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Verint Systems by 26.5% during the 3rd quarter. Fisher Asset Management LLC now owns 1,516,409 shares of the technology company's stock valued at $38,411,000 after acquiring an additional 317,804 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Verint Systems during the 3rd quarter worth $58,000. Finally, FMR LLC grew its holdings in shares of Verint Systems by 312.3% during the 3rd quarter. FMR LLC now owns 10,065 shares of the technology company's stock worth $255,000 after purchasing an additional 7,624 shares in the last quarter. Institutional investors own 94.95% of the company's stock.
Verint Systems Trading Down 4.7 %
Shares of NASDAQ VRNT traded down $0.88 during midday trading on Tuesday, reaching $17.85. 1,453,274 shares of the stock were exchanged, compared to its average volume of 754,792. Verint Systems has a 12 month low of $17.64 and a 12 month high of $38.17. The business has a 50-day simple moving average of $23.75 and a two-hundred day simple moving average of $24.69. The company 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. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28.
Verint Systems (NASDAQ:VRNT - Get Free Report) last issued its quarterly earnings data on Wednesday, March 26th. The technology company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.28). Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The business had revenue of $253.50 million during the quarter, compared to analyst estimates of $276.82 million. During the same quarter in the prior year, the firm posted $1.07 earnings per share. Verint Systems's revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, equities research analysts expect that Verint Systems will post 1.92 EPS for the current year.
About Verint Systems
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Get Free ReportVerint 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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