Verint Systems (NASDAQ:VRNT) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Verint Systems (NASDAQ:VRNT - Free Report) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.

A number of other equities research analysts have also issued reports on the company. Royal Bank of Canada lowered their target price on Verint Systems from $36.00 to $29.00 and set an "outperform" rating for the company in a research note on Thursday. Needham & Company LLC dropped their price objective on shares of Verint Systems from $40.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday. Jefferies Financial Group upped their target price on shares of Verint Systems from $28.00 to $34.00 and gave the company a "hold" rating in a research note on Friday, December 6th. Finally, Evercore ISI dropped their price target on shares of Verint Systems from $34.00 to $23.00 and set an "in-line" rating on the stock in a research note on Thursday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.33.

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Verint Systems Trading Down 0.6 %

VRNT stock traded down $0.11 during midday trading on Thursday, reaching $17.75. 386,254 shares of the company's stock traded hands, compared to its average volume of 753,400. 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 has a fifty-two week low of $17.28 and a fifty-two week high of $38.17. The business has a 50-day moving average price of $23.75 and a two-hundred day moving average price of $24.67. The company has a market capitalization of $1.11 billion, a P/E ratio of 18.88, a PEG ratio of 0.97 and a beta of 1.29.

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 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 for the quarter, compared to analyst estimates of $276.82 million. During the same quarter in the previous year, the firm posted $1.07 EPS. The business's revenue was down 4.4% compared to the same quarter last year. Equities research analysts forecast that Verint Systems will post 1.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VRNT. Plato Investment Management Ltd acquired a new stake in shares of Verint Systems in the 4th quarter valued at about $43,000. Parkside Financial Bank & Trust acquired a new position in Verint Systems in the fourth quarter worth about $52,000. Headlands Technologies LLC bought a new stake in Verint Systems in the fourth quarter valued at about $52,000. Sterling Capital Management LLC raised its stake 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 valued at $53,000 after buying an additional 1,713 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Verint Systems by 45.7% during the 4th 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.