Verint Systems (NASDAQ:VRNT) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

A number of other equities analysts also recently issued reports on the company. Oppenheimer restated a “buy” rating and set a $49.00 price objective on shares of Verint Systems in a research report on Thursday, December 7th. Zacks Investment Research downgraded Verint Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Deutsche Bank raised their price objective on Verint Systems from $42.00 to $44.00 and gave the stock a “hold” rating in a research report on Thursday, September 7th. Finally, Royal Bank of Canada restated a “buy” rating and set a $48.00 price objective on shares of Verint Systems in a research report on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Verint Systems has a consensus rating of “Hold” and an average price target of $47.33.

Verint Systems (VRNT) traded up $0.50 during trading on Tuesday, reaching $40.05. The company’s stock had a trading volume of 470,500 shares, compared to its average volume of 428,531. Verint Systems has a 1 year low of $34.65 and a 1 year high of $44.70. The company has a quick ratio of 1.63, a current ratio of 1.67 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $2,550.00, a P/E ratio of 24.26, a PEG ratio of 2.19 and a beta of 1.26.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Wednesday, December 6th. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.32. Verint Systems had a positive return on equity of 9.90% and a negative net margin of 1.41%. The company had revenue of $280.70 million during the quarter, compared to the consensus estimate of $282.01 million. During the same period last year, the company earned $0.59 earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year. equities research analysts forecast that Verint Systems will post 1.81 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AXA grew its stake in Verint Systems by 2.9% during the third quarter. AXA now owns 200,514 shares of the technology company’s stock worth $8,392,000 after purchasing an additional 5,700 shares during the period. Algert Global LLC acquired a new stake in Verint Systems during the third quarter worth approximately $2,589,000. Cubist Systematic Strategies LLC grew its stake in Verint Systems by 207.6% during the third quarter. Cubist Systematic Strategies LLC now owns 15,682 shares of the technology company’s stock worth $656,000 after purchasing an additional 10,583 shares during the period. Cornerstone Capital Management Holdings LLC. grew its stake in Verint Systems by 435.3% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 45,500 shares of the technology company’s stock worth $1,903,000 after purchasing an additional 37,000 shares during the period. Finally, Magnetar Financial LLC acquired a new stake in Verint Systems during the third quarter worth approximately $202,000. 93.40% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: This article was first reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another site, it was stolen and reposted in violation of US & international copyright & trademark law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/12/12/verint-systems-vrnt-cut-to-sell-at-bidaskclub.html.

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.

Analyst Recommendations for Verint Systems (NASDAQ:VRNT)

Receive News & Ratings for Verint Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verint Systems and related companies with MarketBeat.com's FREE daily email newsletter.