Verint Systems Inc. (NASDAQ:VRNT) Given Average Rating of "Hold" by Brokerages

Key Points

• Verint Systems Inc. has received an average rating of "Hold" from eight brokerages, with seven holding and one buy rating; its average 12-month price target is $26.33.
• Recent downgrades from several analysts have included a cut from "strong-buy" to "hold" by Wedbush, and a price target decrease from $40 to $20.50 by Rosenblatt Securities.
• For the latest quarter, Verint reported earnings of $0.33 per share, exceeding expectations, but its revenue of $165.52 million fell short of the forecast of $200.43 million.

Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) has earned an average rating of "Hold" from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $26.3333.

A number of analysts have weighed in on VRNT shares. Wedbush cut Verint Systems from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Needham & Company LLC cut Verint Systems from a "buy" rating to a "hold" rating in a research report on Monday, August 25th. Royal Bank Of Canada restated a "sector perform" rating and issued a $20.50 price target (down previously from $29.00) on shares of Verint Systems in a research report on Tuesday, August 26th. Cowen restated a "buy" rating on shares of Verint Systems in a research report on Wednesday, June 4th. Finally, Rosenblatt Securities cut Verint Systems from a "buy" rating to a "hold" rating and dropped their price target for the company from $40.00 to $20.50 in a research report on Monday, August 25th.

Verint Systems Price Performance

VRNT stock opened at $20.31 on Tuesday. The business has a 50 day simple moving average of $20.64 and a 200-day simple moving average of $19.20. The firm has a market capitalization of $1.23 billion, a PE ratio of 28.61, a price-to-earnings-growth ratio of 0.89 and a beta of 1.47. Verint Systems has a 1 year low of $14.15 and a 1 year high of $34.80.

Verint Systems (NASDAQ:VRNT - Get Free Report) last issued its quarterly earnings data on Tuesday, September 2nd. The technology company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.07. Verint Systems had a return on equity of 11.06% and a net margin of 6.87%.The company had revenue of $165.52 million during the quarter, compared to analyst estimates of $200.43 million. During the same period in the prior year, the business posted $0.49 earnings per share. The firm's revenue for the quarter was down 1.0% compared to the same quarter last year. On average, equities research analysts expect that Verint Systems will post 1.92 EPS for the current year.

Institutional Investors Weigh In On Verint Systems

A number of institutional investors have recently added to or reduced their stakes in VRNT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Verint Systems by 148.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,175,147 shares of the technology company's stock valued at $38,826,000 after purchasing an additional 1,299,085 shares in the last quarter. Global Alpha Capital Management Ltd. boosted its holdings in Verint Systems by 41.0% in the 2nd quarter. Global Alpha Capital Management Ltd. now owns 2,468,603 shares of the technology company's stock valued at $48,557,000 after purchasing an additional 718,000 shares in the last quarter. Invenomic Capital Management LP boosted its stake in shares of Verint Systems by 116.5% during the 1st quarter. Invenomic Capital Management LP now owns 1,155,532 shares of the technology company's stock worth $20,626,000 after acquiring an additional 621,707 shares in the last quarter. Philosophy Capital Management LLC purchased a new stake in shares of Verint Systems during the 1st quarter worth approximately $10,168,000. Finally, Nuveen LLC purchased a new stake in shares of Verint Systems during the 1st quarter worth approximately $8,758,000. Hedge funds and other institutional investors own 94.95% of the company's stock.

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.

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