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

Verint Systems Inc. (NASDAQ:VRNT) has earned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $26.3333.

VRNT has been the topic of several recent research reports. TD Cowen lowered Verint Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 25th. Wedbush cut shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. Needham & Company LLC downgraded shares of Verint Systems from a “buy” rating to a “hold” rating in a research note on Monday, August 25th. Royal Bank Of Canada reissued a “sector perform” rating and set a $20.50 price target (down previously from $29.00) on shares of Verint Systems in a research report on Tuesday, August 26th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Verint Systems in a report on Wednesday, October 8th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Strs Ohio bought a new stake in shares of Verint Systems in the 1st quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd lifted its stake in Verint Systems by 2,180.6% in the second quarter. Caitong International Asset Management Co. Ltd now owns 1,642 shares of the technology company’s stock worth $32,000 after acquiring an additional 1,570 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Verint Systems in the first quarter valued at $40,000. EverSource Wealth Advisors LLC increased its position in Verint Systems by 114.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,055 shares of the technology company’s stock valued at $40,000 after purchasing an additional 1,098 shares during the period. Finally, State of Alaska Department of Revenue bought a new position in Verint Systems in the 3rd quarter worth $50,000. Institutional investors own 94.95% of the company’s stock.

Verint Systems Stock Up 1.3%

Shares of NASDAQ:VRNT opened at $20.51 on Friday. The stock has a market cap of $1.24 billion, a PE ratio of 28.89, a PEG ratio of 0.89 and a beta of 1.52. The company’s fifty day moving average is $20.29 and its 200 day moving average is $19.84. Verint Systems has a 52 week low of $14.15 and a 52 week high of $34.80.

Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings data on Tuesday, September 2nd. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. The firm had revenue of $165.52 million for the quarter, compared to analysts’ expectations of $200.43 million. Verint Systems had a return on equity of 11.06% and a net margin of 6.87%.The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period last year, the firm earned $0.49 earnings per share. Sell-side analysts anticipate that Verint Systems will post 1.92 EPS for the current year.

About Verint Systems

Verint Systems Inc provides customer engagement solutions worldwide. It offers forecasting and scheduling, channels and routing, knowledge management, fraud and security solutions, quality and compliance, analytics and insights, real-time assistance, self-services, financial compliance, and voice pf the consumer solutions.