Verint Systems (NASDAQ:VRNT) Sets New 1-Year Low - Here's Why

Verint Systems Inc. (NASDAQ:VRNT - Get Free Report)'s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $15.87 and last traded at $16.28, with a volume of 339258 shares trading hands. The stock had previously closed at $18.02.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Evercore ISI decreased 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 report on Thursday, March 27th. Royal Bank of Canada cut their price target on Verint Systems from $36.00 to $29.00 and set an "outperform" rating for the company in a report on Thursday, March 27th. Needham & Company LLC lowered 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, March 27th. Wedbush decreased their price target on shares of Verint Systems from $38.00 to $30.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. Finally, StockNews.com cut Verint Systems from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $30.33.

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Verint Systems Trading Down 4.9 %

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 company has a market cap of $944.50 million, a P/E ratio of 16.17, a P/E/G ratio of 0.97 and a beta of 1.29. The business has a 50-day moving average price of $22.94 and a two-hundred day moving average price of $24.36.

Verint Systems (NASDAQ:VRNT - Get Free Report) last issued its earnings results on Wednesday, March 26th. The technology company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.28). The business had revenue of $253.50 million for 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 revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 EPS. On average, analysts predict that Verint Systems Inc. will post 1.92 EPS for the current year.

Hedge Funds Weigh In On Verint Systems

Several institutional investors and hedge funds have recently made changes to their positions in VRNT. Marshall Wace LLP bought a new position in Verint Systems during the fourth quarter worth about $22,528,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Verint Systems by 491.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 764,498 shares of the technology company's stock valued at $20,985,000 after buying an additional 635,334 shares during the period. Invenomic Capital Management LP bought a new stake in shares of Verint Systems during the fourth quarter worth $14,653,000. Global Alpha Capital Management Ltd. raised its holdings in shares of Verint Systems by 39.5% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 1,717,703 shares of the technology company's stock worth $47,151,000 after acquiring an additional 486,000 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in Verint Systems by 48.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,263,502 shares of the technology company's stock valued at $34,683,000 after acquiring an additional 412,655 shares in the last quarter. Institutional investors and hedge funds 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.