Evercore ISI Cuts Verint Systems (NASDAQ:VRNT) Price Target to $23.00

Verint Systems (NASDAQ:VRNT - Free Report) had its price target reduced by Evercore ISI from $34.00 to $23.00 in a report published on Thursday morning,Benzinga reports. Evercore ISI currently has an in-line rating on the technology company's stock.

VRNT has been the subject of several other research reports. Needham & Company LLC lowered their price objective on shares of Verint Systems from $40.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday. Royal Bank of Canada reiterated an "outperform" rating and set a $36.00 target price on shares of Verint Systems in a report on Wednesday, January 15th. Jefferies Financial Group boosted 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. Finally, StockNews.com upgraded Verint Systems from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $30.33.

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Verint Systems Trading Down 0.6 %

Shares of VRNT traded down $0.11 during trading hours on Thursday, reaching $17.74. The stock had a trading volume of 405,281 shares, compared to its average volume of 753,544. The company 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. Verint Systems has a 52 week low of $17.28 and a 52 week high of $38.17. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average of $23.75 and a 200 day moving average of $24.67.

Verint Systems (NASDAQ:VRNT - Get Free Report) last released its quarterly earnings results on Wednesday, March 26th. The technology company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $1.27 by ($0.28). Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. The business had revenue of $253.50 million for the quarter, compared to analyst estimates of $276.82 million. During the same period in the prior year, the business earned $1.07 EPS. The company's revenue for the quarter was down 4.4% compared to the same quarter last year. On average, sell-side analysts expect that Verint Systems will post 1.92 earnings per share for the current fiscal year.

Institutional Trading of Verint Systems

Several institutional investors and hedge funds have recently bought and sold shares of VRNT. Plato Investment Management Ltd acquired a new position in shares of Verint Systems during the 4th quarter worth approximately $43,000. Parkside Financial Bank & Trust acquired a new position in Verint Systems during the fourth quarter worth $52,000. Headlands Technologies LLC acquired a new position in Verint Systems during the fourth quarter worth $52,000. Sterling Capital Management LLC raised its position 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 acquiring an additional 1,713 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake 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 valued at $54,000 after acquiring an additional 613 shares during the last quarter. Institutional investors own 94.95% of the company's stock.

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.