Verint Systems Inc. (NASDAQ:VRNT) Receives $35.67 Average Price Target from Brokerages

Shares of Verint Systems Inc. (NASDAQ:VRNT) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $31.67.

VRNT has been the subject of several recent analyst reports. Royal Bank of Canada reduced their target price on Verint Systems from $36.00 to $29.00 and set an “outperform” rating for the company in a report on Thursday. Needham & Company LLC cut their price target on shares of Verint Systems from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday. StockNews.com downgraded shares of Verint Systems from a “buy” rating to a “hold” rating in a report on Thursday. Jefferies Financial Group lifted their price objective on shares of Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Finally, Evercore ISI lowered their price target on shares of Verint Systems from $34.00 to $23.00 and set an “in-line” rating on the stock in a report on Thursday.

Verint Systems Stock Down 13.4 %

Shares of NASDAQ:VRNT opened at $18.73 on Tuesday. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 0.97 and a beta of 1.29. The business’s 50 day moving average is $23.88 and its 200 day moving average is $24.74. Verint Systems has a 12-month low of $18.17 and a 12-month high of $38.17. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47.

Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, March 26th. The technology company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.28). Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The firm had revenue of $253.50 million during the quarter, compared to analysts’ expectations of $276.82 million. During the same quarter in the prior year, the company earned $1.07 EPS. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. On average, sell-side analysts forecast that Verint Systems will post 1.92 earnings per share for the current fiscal year.

Institutional Trading of Verint Systems

A number of institutional investors have recently added to or reduced their stakes in the stock. Clark Capital Management Group Inc. increased its position in shares of Verint Systems by 0.4% during the fourth quarter. Clark Capital Management Group Inc. now owns 142,398 shares of the technology company’s stock valued at $3,909,000 after buying an additional 515 shares during the period. PNC Financial Services Group Inc. lifted its stake in Verint Systems by 45.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company’s stock worth $54,000 after purchasing an additional 613 shares in the last quarter. Philadelphia Trust Co. boosted its holdings in Verint Systems by 0.9% in the 4th quarter. Philadelphia Trust Co. now owns 106,800 shares of the technology company’s stock valued at $2,932,000 after purchasing an additional 1,000 shares during the period. Swiss National Bank grew its position in shares of Verint Systems by 1.2% during the 4th quarter. Swiss National Bank now owns 121,900 shares of the technology company’s stock valued at $3,346,000 after purchasing an additional 1,400 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of Verint Systems by 75.0% in the fourth quarter. KBC Group NV now owns 3,380 shares of the technology company’s stock worth $93,000 after purchasing an additional 1,449 shares during the period. Hedge funds and other institutional investors own 94.95% of the company’s stock.

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.