Verint Systems (NASDAQ:VRNT) Given New $30.00 Price Target at Needham & Company LLC

Verint Systems (NASDAQ:VRNT - Get Free Report) had its price target dropped by equities researchers at Needham & Company LLC from $40.00 to $30.00 in a report released on Thursday, Marketbeat.com reports. The firm currently has a "buy" rating on the technology company's stock. Needham & Company LLC's price objective suggests a potential upside of 69.06% from the company's previous close.

A number of other research firms have also recently weighed in on VRNT. Jefferies Financial Group lifted their price target on Verint Systems from $28.00 to $34.00 and gave the company a "hold" rating in a report on Friday, December 6th. StockNews.com upgraded Verint Systems from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $36.00 price target on shares of Verint Systems in a research note on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $30.33.

Verint Systems Stock Performance

Shares of Verint Systems stock traded down $0.11 on Thursday, reaching $17.75. 386,254 shares of the company were exchanged, compared to its average volume of 753,400. Verint Systems has a 1-year low of $17.28 and a 1-year high of $38.17. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 18.88, 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. The company's 50-day moving average is $23.75 and its two-hundred day moving average is $24.67.

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Verint Systems (NASDAQ:VRNT - Get Free Report) last posted its 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 company had revenue of $253.50 million during the quarter, compared to the consensus estimate of $276.82 million. Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The business's quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.07 earnings per share. As a group, research analysts expect that Verint Systems will post 1.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Plato Investment Management Ltd acquired a new stake in Verint Systems in the 4th quarter valued at about $43,000. Parkside Financial Bank & Trust bought a new stake in shares of Verint Systems in the 4th quarter worth approximately $52,000. Headlands Technologies LLC acquired a new stake in Verint Systems during the fourth quarter valued at approximately $52,000. Sterling Capital Management LLC boosted its holdings in 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 buying an additional 1,713 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Verint Systems by 45.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company's stock worth $54,000 after buying an additional 613 shares during the last quarter. 94.95% of the stock is owned by institutional investors and hedge funds.

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.