Verint Systems (NASDAQ:VRNT) Downgraded to Hold Rating by StockNews.com

StockNews.com lowered shares of Verint Systems (NASDAQ:VRNT) from a buy rating to a hold rating in a report released on Thursday.

VRNT has been the topic of several other reports. Needham & Company LLC decreased their price objective on shares of Verint Systems from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday. Evercore ISI lowered their price objective on shares of Verint Systems from $34.00 to $23.00 and set an “in-line” rating for the company in a research note on Thursday. Jefferies Financial Group boosted their price objective on shares of Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada lowered their price objective on shares of Verint Systems from $36.00 to $29.00 and set an “outperform” rating for the company in a research report on Thursday. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.67.

Verint Systems Trading Down 13.4 %

Shares of Verint Systems stock opened at $18.73 on Thursday. The company’s fifty day moving average is $23.88 and its two-hundred day moving average is $24.74. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. The company has a market capitalization of $1.17 billion, a P/E ratio of 19.93, a PEG ratio of 0.97 and a beta of 1.29. Verint Systems has a 1 year low of $18.17 and a 1 year high of $38.17.

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

Institutional Investors Weigh In On Verint Systems

A number of institutional investors have recently made changes to their positions in VRNT. State Street Corp grew its position in shares of Verint Systems by 1.5% during the 3rd quarter. State Street Corp now owns 1,573,801 shares of the technology company’s stock valued at $39,864,000 after buying an additional 23,400 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Verint Systems by 0.3% during the third quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company’s stock valued at $38,004,000 after purchasing an additional 4,034 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Verint Systems during the fourth quarter valued at approximately $5,276,000. Quantbot Technologies LP bought a new position in Verint Systems during the third quarter valued at about $58,000. Finally, Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Verint Systems by 32.4% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 775,869 shares of the technology company’s stock worth $21,298,000 after purchasing an additional 189,860 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors.

Verint Systems Company Profile

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.