Shares of Verint Systems (NASDAQ:VRNT) have been assigned an average recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $48.00.

Several research firms have recently commented on VRNT. BidaskClub cut Verint Systems from a “sell” rating to a “strong sell” rating in a research note on Saturday, April 7th. Royal Bank of Canada lifted their target price on Verint Systems from $48.00 to $50.00 and gave the company a “positive” rating in a research note on Thursday, March 29th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut Verint Systems from a “buy” rating to a “sell” rating in a research note on Saturday, February 3rd.

Several institutional investors have recently made changes to their positions in VRNT. Macquarie Group Ltd. acquired a new stake in shares of Verint Systems during the third quarter worth $151,000. American Century Companies Inc. acquired a new stake in shares of Verint Systems during the fourth quarter worth $227,000. Bray Capital Advisors acquired a new stake in shares of Verint Systems during the fourth quarter worth $240,000. Catawba Capital Management VA acquired a new stake in shares of Verint Systems during the fourth quarter worth $243,000. Finally, Asset Management One Co. Ltd. grew its stake in shares of Verint Systems by 38.1% during the third quarter. Asset Management One Co. Ltd. now owns 5,870 shares of the technology company’s stock worth $246,000 after purchasing an additional 1,620 shares during the period. 95.39% of the stock is owned by institutional investors and hedge funds.

NASDAQ VRNT opened at $41.90 on Thursday. The firm has a market capitalization of $2,709.84, a PE ratio of 23.67, a PEG ratio of 1.98 and a beta of 1.01. Verint Systems has a 52 week low of $37.05 and a 52 week high of $44.55. The company has a quick ratio of 1.51, a current ratio of 1.55 and a debt-to-equity ratio of 0.68.

Verint Systems (NASDAQ:VRNT) last released its earnings results on Wednesday, March 28th. The technology company reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.05. The company had revenue of $318.73 million during the quarter, compared to analysts’ expectations of $313.98 million. Verint Systems had a positive return on equity of 10.57% and a negative net margin of 0.58%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $0.90 EPS. equities research analysts expect that Verint Systems will post 2.14 EPS for the current year.

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About Verint Systems

Verint Systems Inc provides actionable intelligence solutions and value-added services worldwide. Its Customer Engagement Solutions segment provides voice of the customer solutions, including interaction analytics, enterprise feedback, and digital feedback; workforce optimization solutions, such as intelligent recording, analytics-driven quality, coaching/learning, workforce management, work allocation, desktop and process analytics, robotic process automation, and performance management; employee engagement solutions comprising workforce optimization, knowledge management, employee desktop, case management, internal communities, gamification, mobile workforce apps, and voice of the employee; engagement channel solutions consisting of Web/mobile self-service, voice self-service, customer communities, email/secure messaging, Web chat, co-browse, mobile messaging, and social engagement; and security, fraud, and compliance solutions, including compliance recording, fraud and identity analytics, trading compliance, branch surveillance and investigation, and public safety compliance.

Analyst Recommendations for Verint Systems (NASDAQ:VRNT)

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