Shares of Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $14.16 and last traded at $14.59, with a volume of 20201 shares trading hands. The stock had previously closed at $14.55.
Analysts Set New Price Targets
A number of analysts have recently weighed in on VRNT shares. Evercore ISI reduced their price objective on shares of Verint Systems from $34.00 to $23.00 and set an "in-line" rating for the company in a research note on Thursday, March 27th. StockNews.com lowered shares of Verint Systems from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Wedbush lowered their price target on Verint Systems from $38.00 to $30.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. Needham & Company LLC cut 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, March 27th. Finally, Royal Bank of Canada lowered their target price on Verint Systems from $36.00 to $29.00 and set an "outperform" rating on the stock in a report on Thursday, March 27th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.33.
Read Our Latest Stock Report on VRNT
Verint Systems Stock Performance
The firm has a market capitalization of $994.21 million, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 0.97 and a beta of 1.31. The firm's 50-day moving average price is $21.52 and its two-hundred day moving average price is $23.88. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32.
Verint Systems (NASDAQ:VRNT - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The technology company reported $0.99 earnings per share for the quarter, missing analysts' consensus estimates of $1.27 by ($0.28). Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The company had revenue of $253.50 million for the quarter, compared to analyst estimates of $276.82 million. During the same period in the previous year, the firm posted $1.07 earnings per share. The firm's revenue for the quarter was down 4.4% compared to the same quarter last year. Sell-side analysts predict that Verint Systems Inc. will post 1.92 earnings per share for the current year.
Institutional Investors Weigh In On Verint Systems
Several large investors have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. lifted its holdings in Verint Systems by 6.2% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 53,966 shares of the technology company's stock valued at $963,000 after purchasing an additional 3,174 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Verint Systems by 14,079.2% in the first quarter. Parallel Advisors LLC now owns 3,403 shares of the technology company's stock valued at $61,000 after acquiring an additional 3,379 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Verint Systems by 916.9% in the 1st quarter. GAMMA Investing LLC now owns 5,837 shares of the technology company's stock worth $104,000 after acquiring an additional 5,263 shares in the last quarter. Mackenzie Financial Corp grew its position in Verint Systems by 142.6% during the 4th quarter. Mackenzie Financial Corp now owns 97,757 shares of the technology company's stock worth $2,683,000 after acquiring an additional 57,465 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC acquired a new stake in Verint Systems during the 4th quarter valued at $768,000. Institutional investors own 94.95% of the company's stock.
Verint Systems Company Profile
(
Get Free Report)
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.
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