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

Key Points

• Verint Systems Inc. has an average analyst recommendation of "Hold", with one sell, seven holds, and one buy rating among nine analysts covering the stock.
• The stock's twelve-month target price averages $26.33 and has a current market capitalization of $1.22 billion.
• In its latest earnings report, Verint Systems beat EPS expectations with $0.33 EPS but reported a revenue decline, generating $165.52 million versus expected $200.43 million.

Shares of Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) have been given a consensus recommendation of "Hold" by the nine analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $26.3333.

Several brokerages have recently commented on VRNT. Weiss Ratings restated a "sell (d+)" rating on shares of Verint Systems in a research report on Wednesday. Royal Bank Of Canada reissued a "sector perform" rating and set a $20.50 target price (down from $29.00) on shares of Verint Systems in a report on Tuesday, August 26th. Rosenblatt Securities lowered shares of Verint Systems from a "buy" rating to a "hold" rating and reduced their target price for the stock from $40.00 to $20.50 in a report on Monday, August 25th. Needham & Company LLC lowered shares of Verint Systems from a "buy" rating to a "hold" rating in a report on Monday, August 25th. Finally, TD Cowen lowered shares of Verint Systems from a "strong-buy" rating to a "hold" rating in a report on Monday, August 25th.

Institutional Investors Weigh In On Verint Systems

A number of institutional investors have recently modified their holdings of VRNT. GAMMA Investing LLC boosted its stake in shares of Verint Systems by 916.9% in the 1st quarter. GAMMA Investing LLC now owns 5,837 shares of the technology company's stock valued at $104,000 after purchasing an additional 5,263 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Verint Systems by 9,634.9% in the 1st quarter. Harbor Capital Advisors Inc. now owns 14,505 shares of the technology company's stock valued at $259,000 after purchasing an additional 14,356 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Verint Systems by 8.3% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 840,389 shares of the technology company's stock valued at $15,001,000 after purchasing an additional 64,520 shares during the last quarter. Advisor Resource Council bought a new stake in shares of Verint Systems in the 1st quarter valued at $393,000. Finally, Asset Management One Co. Ltd. boosted its stake 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 valued at $1,567,000 after purchasing an additional 6,007 shares during the last quarter. 94.95% of the stock is owned by institutional investors.

Verint Systems Price Performance

Shares of Verint Systems stock opened at $20.25 on Friday. Verint Systems has a twelve month low of $14.15 and a twelve month high of $34.80. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 28.52, a price-to-earnings-growth ratio of 0.89 and a beta of 1.50. The company has a 50-day simple moving average of $20.26 and a two-hundred day simple moving average of $19.03.

Verint Systems (NASDAQ:VRNT - Get Free Report) 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 analysts' expectations of $200.43 million. Verint Systems had a net margin of 6.87% and a return on equity of 11.06%. The business's revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.49 EPS. On average, sell-side analysts anticipate that Verint Systems will post 1.92 earnings per share for the current fiscal 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.

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