Verint Systems Inc. (NASDAQ:VRNT) Given Consensus Rating of “Hold” by Brokerages

Shares of Verint Systems Inc. (NASDAQ:VRNT) have earned an average recommendation of “Hold” from the eight ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $24.80.

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Verint Systems in a research note on Wednesday, October 8th.

Institutional Investors Weigh In On Verint Systems

Several institutional investors have recently made changes to their positions in the company. Boston Partners lifted its stake in Verint Systems by 38.5% in the second quarter. Boston Partners now owns 1,011,224 shares of the technology company’s stock valued at $20,120,000 after acquiring an additional 281,132 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Verint Systems in the 2nd quarter valued at $468,000. Dynamic Technology Lab Private Ltd bought a new stake in Verint Systems in the first quarter worth $572,000. Prudential Financial Inc. lifted its position in shares of Verint Systems by 5.1% in the second quarter. Prudential Financial Inc. now owns 1,708,803 shares of the technology company’s stock worth $33,612,000 after buying an additional 83,397 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of Verint Systems by 552.0% during the 2nd quarter. CWM LLC now owns 20,552 shares of the technology company’s stock worth $404,000 after acquiring an additional 17,400 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Verint Systems Stock Up 1.3%

VRNT stock opened at $20.51 on Thursday. The company has a 50 day moving average of $20.38 and a two-hundred day moving average of $20.20. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 28.89, a PEG ratio of 0.89 and a beta of 1.52. Verint Systems has a 12-month low of $14.15 and a 12-month high of $34.80.

Verint Systems Company Profile

Verint Systems, Inc is a global provider of actionable intelligence solutions that enable organizations to capture and analyze customer interactions, security events and operational data. The company’s platform combines artificial intelligence, machine learning and advanced analytics to help enterprises and government agencies enhance customer engagement, optimize workforce performance and strengthen security postures. Verint serves a diverse set of industries including financial services, telecommunications, healthcare, retail, and public sector organizations.

Verint’s product portfolio is organized around two core segments: Customer Engagement and Security Intelligence.