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

Key Points

• Verint Systems Inc. (NASDAQ:VRNT) has been assigned a consensus rating of "Hold" by analysts, with one sell rating, seven holds, and one buy rating.
• The average 12-month target price for Verint Systems is $26.33, after several recent downgrades from various brokerages.
• In its latest earnings report, Verint Systems reported an EPS of $0.33, which exceeded analyst estimates, however, the company's revenue was down 1.0% year-over-year.

Shares of Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) have been assigned a consensus rating of "Hold" from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $26.3333.

VRNT has been the subject of several recent research reports. TD Cowen lowered shares of Verint Systems from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 25th. Needham & Company LLC lowered shares of Verint Systems from a "buy" rating to a "hold" rating in a research note on Monday, August 25th. 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 research note on Tuesday, August 26th. Rosenblatt Securities lowered shares of Verint Systems from a "buy" rating to a "hold" rating and cut their target price for the company from $40.00 to $20.50 in a research note on Monday, August 25th. Finally, Wedbush downgraded shares of Verint Systems from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th.

Verint Systems Stock Performance

Shares of NASDAQ:VRNT 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 firm has a market cap of $1.22 billion, a P/E ratio of 28.52, a P/E/G ratio of 0.89 and a beta of 1.50. The company has a 50 day moving average of $20.26 and a 200-day moving average of $19.03.

Verint Systems (NASDAQ:VRNT - Get Free Report) last released 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. Verint Systems had a net margin of 6.87% and a return on equity of 11.06%. The business 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 earned $0.49 earnings per share. The business's quarterly revenue was down 1.0% on a year-over-year basis. Equities research analysts forecast that Verint Systems will post 1.92 EPS for the current year.

Institutional Investors Weigh In On Verint Systems

Hedge funds have recently made changes to their positions in the company. Strs Ohio purchased a new stake in shares of Verint Systems in the 1st quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Verint Systems by 2,180.6% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,642 shares of the technology company's stock valued at $32,000 after acquiring an additional 1,570 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Verint Systems in the 1st quarter valued at approximately $40,000. EverSource Wealth Advisors LLC lifted its position in shares of Verint Systems by 114.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,055 shares of the technology company's stock valued at $40,000 after acquiring an additional 1,098 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Verint Systems by 30.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,606 shares of the technology company's stock valued at $51,000 after acquiring an additional 613 shares in the last quarter. 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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