Verint Systems Inc. (VRNT) Given Average Recommendation of “Buy” by Analysts
Verint Systems Inc. (NASDAQ:VRNT) has received a consensus rating of “Buy” from the seven analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $46.43.
A number of equities analysts have issued reports on VRNT shares. Zacks Investment Research downgraded Verint Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 9th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $49.00 price objective on shares of Verint Systems in a report on Thursday, September 28th. Deutsche Bank AG increased their price objective on Verint Systems from $42.00 to $44.00 and gave the stock a “hold” rating in a report on Thursday, September 7th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $48.00 price objective on shares of Verint Systems in a report on Tuesday, August 15th.
Verint Systems (NASDAQ:VRNT) traded up 0.59% during mid-day trading on Thursday, reaching $42.75. 389,904 shares of the company traded hands. Verint Systems has a 12-month low of $33.40 and a 12-month high of $44.70. The company’s 50-day moving average is $41.78 and its 200-day moving average is $40.38. The stock’s market capitalization is $2.72 billion.
Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings data on Wednesday, September 6th. The technology company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.14. The business had revenue of $278.20 million during the quarter, compared to the consensus estimate of $270.14 million. Verint Systems had a positive return on equity of 9.90% and a negative net margin of 2.42%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.57 earnings per share. Equities analysts predict that Verint Systems will post $2.76 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of VRNT. ETF Managers Group LLC bought a new position in shares of Verint Systems during the second quarter valued at $18,069,000. Pioneer Investment Management Inc. bought a new position in shares of Verint Systems during the second quarter valued at $17,386,000. Numeric Investors LLC bought a new position in shares of Verint Systems during the second quarter valued at $15,731,000. Rothschild Asset Management Inc. bought a new position in shares of Verint Systems during the second quarter valued at $15,002,000. Finally, Bank of Montreal Can increased its holdings in shares of Verint Systems by 8,245.8% during the second quarter. Bank of Montreal Can now owns 257,052 shares of the technology company’s stock valued at $10,462,000 after acquiring an additional 253,972 shares in the last quarter. Hedge funds and other institutional investors own 93.23% of the company’s stock.
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About Verint Systems
Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.
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