Needham & Company LLC Downgrades Verint Systems (NASDAQ:VRNT) to Hold

Key Points

• Needham & Company LLC has reaffirmed a "hold" rating for Verint Systems (NASDAQ:VRNT), while other analysts have given mixed ratings, with price targets varying significantly.
• Verint Systems' shares fell 1.2%, closing at $20.21, and the company reported lower-than-expected earnings, missing consensus estimates by $0.12.
• Institutional ownership is high, with 94.95% of the company's stock held by institutional investors and hedge funds recently increasing their stakes in Verint Systems.

Needham & Company LLC lowered shares of Verint Systems (NASDAQ:VRNT - Free Report) from a buy rating to a hold rating in a research report released on Monday morning, MarketBeat.com reports.

Several other equities analysts have also issued reports on VRNT. Wedbush restated an "outperform" rating and set a $30.00 price target on shares of Verint Systems in a research note on Wednesday, June 4th. Rosenblatt Securities lowered Verint Systems from a "buy" rating to a "hold" rating and lowered their price target for the company from $40.00 to $20.50 in a research note on Monday. Finally, Cowen restated a "buy" rating on shares of Verint Systems in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Verint Systems presently has an average rating of "Hold" and an average price target of $27.71.

Verint Systems Price Performance

VRNT traded down $0.01 during trading on Monday, reaching $20.39. 168,148 shares of the stock traded hands, compared to its average volume of 1,250,539. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 0.82 and a beta of 1.46. Verint Systems has a fifty-two week low of $14.15 and a fifty-two week high of $34.80. The stock's 50-day simple moving average is $20.38 and its two-hundred day simple moving average is $19.66.

Verint Systems (NASDAQ:VRNT - Get Free Report) last posted its earnings results on Wednesday, June 4th. The technology company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.12). The company had revenue of $173.62 million for the quarter, compared to the consensus estimate of $194.61 million. Verint Systems had a net margin of 7.66% and a return on equity of 12.35%. Verint Systems's quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the business earned $0.59 earnings per share. Verint Systems has set its FY 2026 guidance at 2.930-2.930 EPS. Research analysts anticipate that Verint Systems will post 1.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Verint Systems

A number of institutional investors have recently added to or reduced their stakes in VRNT. Allspring Global Investments Holdings LLC boosted its holdings in shares of Verint Systems by 54.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 173,476 shares of the technology company's stock worth $3,093,000 after acquiring an additional 61,284 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Verint Systems by 7.3% in the 1st quarter. Asset Management One Co. Ltd. now owns 87,780 shares of the technology company's stock worth $1,567,000 after acquiring an additional 6,007 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Verint Systems by 14.8% in the 1st quarter. Teacher Retirement System of Texas now owns 46,735 shares of the technology company's stock worth $834,000 after acquiring an additional 6,025 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Verint Systems by 14,079.2% in the 1st quarter. Parallel Advisors LLC now owns 3,403 shares of the technology company's stock worth $61,000 after acquiring an additional 3,379 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Verint Systems by 1.5% in the 4th quarter. Northern Trust Corp now owns 639,234 shares of the technology company's stock worth $17,547,000 after acquiring an additional 9,361 shares in the last quarter. 94.95% of the stock is owned by institutional investors and hedge funds.

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.