Verint Systems Inc. (NASDAQ:VRNT) Receives Consensus Recommendation of "Hold" from Analysts

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 received an average recommendation of "Hold" from the eight research firms that are covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation 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.

Several equities analysts have weighed in on the company. Rosenblatt Securities cut Verint Systems from a "buy" rating to a "hold" rating and lowered their target price for the company from $40.00 to $20.50 in a research note on Monday, August 25th. TD Cowen lowered Verint Systems from a "strong-buy" rating to a "hold" rating in a report on Monday, August 25th. Needham & Company LLC lowered Verint Systems from a "buy" rating to a "hold" rating in a report on Monday, August 25th. Wedbush lowered Verint Systems from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. Finally, Cowen reiterated a "buy" rating on shares of Verint Systems in a report on Wednesday, June 4th.

Institutional Investors Weigh In On Verint Systems

A number of large investors have recently added to or reduced their stakes in VRNT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Verint Systems by 148.3% during the first 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 worth $38,826,000 after buying an additional 1,299,085 shares during the last quarter. Global Alpha Capital Management Ltd. grew its position in Verint Systems by 41.0% in the second quarter. Global Alpha Capital Management Ltd. now owns 2,468,603 shares of the technology company's stock valued at $48,557,000 after acquiring an additional 718,000 shares during the period. Invenomic Capital Management LP grew its position in Verint Systems by 116.5% in the first quarter. Invenomic Capital Management LP now owns 1,155,532 shares of the technology company's stock valued at $20,626,000 after acquiring an additional 621,707 shares during the period. Philosophy Capital Management LLC bought a new stake in Verint Systems in the first quarter valued at $10,168,000. Finally, Nuveen LLC bought a new stake in Verint Systems during the 1st quarter worth about $8,758,000. Institutional investors own 94.95% of the company's stock.

Verint Systems Price Performance

NASDAQ VRNT traded down $0.01 on Tuesday, hitting $20.28. 1,924,622 shares of the company were exchanged, compared to its average volume of 3,213,350. The company's 50 day moving average price is $20.54 and its 200-day moving average price is $19.19. The firm has a market capitalization of $1.22 billion, a P/E ratio of 28.56, a price-to-earnings-growth ratio of 0.89 and a beta of 1.47. Verint Systems has a twelve month low of $14.15 and a twelve month high of $34.80.

Verint Systems (NASDAQ:VRNT - Get Free Report) last posted its quarterly earnings data on Tuesday, September 2nd. The technology company reported $0.33 earnings per share (EPS) 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 firm had revenue of $165.52 million for the quarter, compared to the consensus estimate of $200.43 million. During the same quarter in the previous year, the company earned $0.49 EPS. The business's revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, equities analysts expect that Verint Systems will post 1.92 EPS for the current year.

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.