Verint Systems Inc. (NASDAQ:VRNT) Receives $31.71 Average PT from Brokerages

Key Points

• Verint Systems Inc. has received a consensus rating of "Moderate Buy" from eight research firms, with two hold ratings, five buy ratings, and one strong buy rating.
• The company's average 12-month target price among analysts is $31.71, while the stock opened at $19.31.
• In its latest earnings report, Verint Systems missed earnings expectations with $0.29 EPS, down from $0.59 EPS in the same quarter last year, citing a revenue decrease of 6% year-over-year.

Shares of Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $31.7143.

VRNT has been the topic of a number of recent research reports. Needham & Company LLC restated a "buy" rating and issued a $30.00 target price on shares of Verint Systems in a research note on Thursday, June 5th. Rosenblatt Securities began coverage on shares of Verint Systems in a report on Friday, July 18th. They set a "buy" rating and a $40.00 price target on the stock. Wedbush reiterated an "outperform" rating and issued a $30.00 price objective on shares of Verint Systems in a research report on Wednesday, June 4th. Finally, Cowen restated a "buy" rating on shares of Verint Systems in a research report on Wednesday, June 4th.

Verint Systems Price Performance

Shares of VRNT stock traded up $1.16 during mid-day trading on Friday, hitting $20.47. The company had a trading volume of 1,424,102 shares, compared to its average volume of 924,591. The stock's 50 day moving average price is $20.10 and its 200-day moving average price is $19.77. Verint Systems has a 52-week low of $14.15 and a 52-week high of $34.80. The company has a market capitalization of $1.23 billion, a P/E ratio of 24.96, a P/E/G ratio of 0.82 and a beta of 1.46.

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

Hedge Funds Weigh In On Verint Systems

A number of hedge funds have recently made changes to their positions in VRNT. Clark Capital Management Group Inc. grew its stake in shares of Verint Systems by 0.4% during the fourth quarter. Clark Capital Management Group Inc. now owns 142,398 shares of the technology company's stock worth $3,909,000 after purchasing an additional 515 shares in the last quarter. Parkside Financial Bank & Trust boosted 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 acquiring an additional 613 shares in the last quarter. State of Wyoming increased its holdings in shares of Verint Systems by 7.4% in the 1st quarter. State of Wyoming now owns 9,384 shares of the technology company's stock valued at $168,000 after acquiring an additional 646 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of Verint Systems by 2.0% in the 2nd quarter. Raymond James Financial Inc. now owns 42,462 shares of the technology company's stock valued at $835,000 after acquiring an additional 815 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised 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 acquiring an additional 1,098 shares in the last quarter. Hedge funds and other institutional investors own 94.95% of the company's stock.

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.