Verint Systems Inc. (NASDAQ:VRNT) has received an average rating of “Buy” from the seven brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $47.50.

A number of research analysts have commented on VRNT shares. Zacks Investment Research lowered Verint Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Oppenheimer reaffirmed a “buy” rating and set a $49.00 price target on shares of Verint Systems in a research report on Thursday, December 7th. Finally, BidaskClub raised Verint Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Verint Systems by 11.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,655 shares of the technology company’s stock valued at $108,000 after purchasing an additional 263 shares during the last quarter. Macquarie Group Ltd. bought a new position in shares of Verint Systems in the 3rd quarter worth approximately $151,000. FNY Managed Accounts LLC bought a new position in shares of Verint Systems in the 3rd quarter worth approximately $164,000. Tower Research Capital LLC TRC bought a new position in shares of Verint Systems in the 2nd quarter worth approximately $179,000. Finally, Magnetar Financial LLC bought a new position in shares of Verint Systems in the 3rd quarter worth approximately $202,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Verint Systems (NASDAQ:VRNT) traded up $0.15 during midday trading on Tuesday, hitting $43.05. The stock had a trading volume of 285,661 shares, compared to its average volume of 468,287. Verint Systems has a 12 month low of $35.90 and a 12 month high of $44.70. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.63 and a current ratio of 1.67. The company has a market cap of $2,750.00, a price-to-earnings ratio of -172.20, a PEG ratio of 2.31 and a beta of 1.26.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Wednesday, December 6th. The technology company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.32. The business had revenue of $280.70 million during the quarter, compared to analyst estimates of $282.01 million. Verint Systems had a positive return on equity of 9.90% and a negative net margin of 1.41%. Verint Systems’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.59 EPS. sell-side analysts anticipate that Verint Systems will post 1.82 earnings per share for the current year.

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Verint Systems Company Profile

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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