Verint Systems (NASDAQ:VRNT)‘s stock had its “buy” rating reissued by Oppenheimer in a research note issued to investors on Thursday. They currently have a $49.00 price objective on the technology company’s stock. Oppenheimer’s price target suggests a potential upside of 15.16% from the company’s previous close.

A number of other equities research analysts also recently commented on VRNT. Zacks Investment Research downgraded shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $48.00 target price on shares of Verint Systems in a research report on Tuesday, August 15th. Finally, Deutsche Bank lifted their price target on shares of Verint Systems from $42.00 to $44.00 and gave the stock a “hold” rating in a research note on Thursday, September 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $46.43.

Shares of Verint Systems (VRNT) traded down $0.40 on Thursday, hitting $42.55. 493,700 shares of the company traded hands, compared to its average volume of 418,897. The company has a market capitalization of $2,737.41, a P/E ratio of 26.68, a P/E/G ratio of 2.38 and a beta of 1.26. The company has a quick ratio of 1.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.72. Verint Systems has a 12 month low of $33.40 and a 12 month high of $44.70.

Verint Systems (NASDAQ:VRNT) last posted its earnings results on Wednesday, December 6th. The technology company reported $0.66 EPS for the quarter, hitting analysts’ consensus estimates of $0.66. Verint Systems had a negative net margin of 2.42% and a positive return on equity of 9.90%. The business had revenue of $280.70 million during the quarter, compared to the consensus estimate of $282.01 million. During the same quarter in the previous year, the firm posted $0.59 EPS. The firm’s revenue was up 8.4% on a year-over-year basis. equities analysts predict that Verint Systems will post 1.81 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its stake in shares of Verint Systems by 9,688.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 49,139 shares of the technology company’s stock valued at $2,000,000 after buying an additional 48,637 shares in the last quarter. Martingale Asset Management L P lifted its stake in Verint Systems by 207.6% in the 2nd quarter. Martingale Asset Management L P now owns 165,947 shares of the technology company’s stock worth $6,755,000 after purchasing an additional 112,006 shares in the last quarter. Cipher Capital LP lifted its stake in Verint Systems by 4.4% in the 2nd quarter. Cipher Capital LP now owns 78,447 shares of the technology company’s stock worth $3,193,000 after purchasing an additional 3,322 shares in the last quarter. AHL Partners LLP lifted its stake in Verint Systems by 118.9% in the 2nd quarter. AHL Partners LLP now owns 99,139 shares of the technology company’s stock worth $4,035,000 after purchasing an additional 53,851 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Verint Systems by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 5,160,308 shares of the technology company’s stock worth $210,024,000 after purchasing an additional 50,136 shares in the last quarter. Institutional investors own 93.40% of the company’s stock.

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Verint Systems Company Profile

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.

Analyst Recommendations for Verint Systems (NASDAQ:VRNT)

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