Verint Systems Inc. (NASDAQ:VRNT) has been given an average rating of “Hold” by the seven analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $47.60.

VRNT has been the subject of several analyst reports. Deutsche Bank raised their price objective on Verint Systems from $42.00 to $44.00 and gave the company a “hold” rating in a report on Thursday, September 7th. Oppenheimer restated a “buy” rating and set a $49.00 price objective on shares of Verint Systems in a report on Thursday, September 7th. Zacks Investment Research upgraded Verint Systems from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a report on Wednesday, September 13th. Finally, BidaskClub downgraded shares of Verint Systems from a “hold” rating to a “sell” rating in a research report on Tuesday.

Institutional investors and hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Verint Systems by 11.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,655 shares of the technology company’s stock valued at $108,000 after acquiring an additional 263 shares during the last quarter. Macquarie Group Ltd. acquired a new position in shares of Verint Systems during the third quarter valued at about $151,000. FNY Managed Accounts LLC acquired a new position in shares of Verint Systems during the third quarter valued at about $164,000. Tower Research Capital LLC TRC acquired a new position in shares of Verint Systems during the second quarter valued at about $179,000. Finally, Strs Ohio raised its holdings in shares of Verint Systems by 9.5% during the second quarter. Strs Ohio now owns 4,600 shares of the technology company’s stock valued at $187,000 after purchasing an additional 400 shares during the period. 93.40% of the stock is currently owned by institutional investors and hedge funds.

Verint Systems (NASDAQ VRNT) traded up $0.25 during trading hours on Friday, hitting $41.70. The stock had a trading volume of 636,700 shares, compared to its average volume of 431,726. Verint Systems has a 1-year low of $34.65 and a 1-year high of $44.70. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.67 and a quick ratio of 1.63. The company has a market cap of $2,660.00, a price-to-earnings ratio of 25.43, a P/E/G ratio of 2.28 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 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $280.70 million for the quarter, compared to the consensus estimate of $282.01 million. During the same quarter last year, the business posted $0.59 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. sell-side analysts predict that Verint Systems will post 1.82 earnings per share for the current year.

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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.

Analyst Recommendations for Verint Systems (NASDAQ:VRNT)

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