Verint Systems Inc. (NASDAQ:VRNT) Receives Average Recommendation of “Hold” from Brokerages

Verint Systems Inc. (NASDAQ:VRNT) has been given an average rating of “Hold” by the nine brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $26.3333.

A number of equities analysts have issued reports on the company. Needham & Company LLC downgraded Verint Systems from a “buy” rating to a “hold” rating in a research note on Monday, August 25th. Wedbush downgraded Verint Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Verint Systems in a research note on Wednesday, October 8th. Rosenblatt Securities downgraded Verint Systems from a “buy” rating to a “hold” rating and cut their price target for the company from $40.00 to $20.50 in a research note on Monday, August 25th. Finally, TD Cowen downgraded Verint Systems from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 25th.

Hedge Funds Weigh In On Verint Systems

Several hedge funds have recently modified their holdings of the company. Parkside Financial Bank & Trust lifted its position in shares of Verint Systems by 30.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,606 shares of the technology company’s stock worth $51,000 after buying an additional 613 shares in the last quarter. State of Wyoming lifted its position in shares of Verint Systems by 7.4% during the 1st quarter. State of Wyoming now owns 9,384 shares of the technology company’s stock worth $168,000 after buying an additional 646 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Verint Systems by 2.0% during the 2nd quarter. Raymond James Financial Inc. now owns 42,462 shares of the technology company’s stock worth $835,000 after buying an additional 815 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Verint Systems by 114.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,055 shares of the technology company’s stock worth $40,000 after buying an additional 1,098 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey lifted its position in shares of Verint Systems by 11.7% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 14,333 shares of the technology company’s stock worth $282,000 after buying an additional 1,500 shares in the last quarter. Institutional investors own 94.95% of the company’s stock.

Verint Systems Price Performance

Shares of VRNT opened at $20.24 on Friday. The stock has a 50-day moving average of $20.17 and a 200-day moving average of $19.08. The company has a market cap of $1.22 billion, a PE ratio of 28.51, a P/E/G ratio of 0.88 and a beta of 1.50. Verint Systems has a one year low of $14.15 and a one year high of $34.80.

Verint Systems (NASDAQ:VRNT) last issued its earnings results on Tuesday, September 2nd. The technology company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. The company had revenue of $165.52 million during the quarter, compared to the consensus estimate of $200.43 million. Verint Systems had a return on equity of 11.06% and a net margin of 6.87%.The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period last year, the business posted $0.49 EPS. Analysts expect that Verint Systems will post 1.92 EPS for the current fiscal 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.