Verint Systems Inc. (NASDAQ:VRNT) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Verint Systems Inc. has received a consensus recommendation of "Moderate Buy" from eight brokerage firms, with an average price target of $31.71.
• Despite having a market capitalization of $1.32 billion, the company reported a 6% decline in quarterly year-over-year revenue, earning only $0.29 earnings per share against an estimate of $0.41.
• Approximately 94.95% of Verint Systems' stock is owned by institutional investors and hedge funds, indicating strong institutional support for the company's shares.

Shares of Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $31.71.

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

Verint Systems Stock Down 1.0%

NASDAQ VRNT traded down $0.22 during trading hours on Monday, reaching $21.33. 271,805 shares of the company were exchanged, compared to its average volume of 1,091,689. Verint Systems has a 1 year low of $14.15 and a 1 year high of $37.31. The business's 50 day simple moving average is $19.32 and its 200-day simple moving average is $20.40. The stock has a market capitalization of $1.28 billion, a P/E ratio of 26.02, a P/E/G ratio of 0.87 and a beta of 1.43.

Verint Systems (NASDAQ:VRNT - Get Free Report) last issued its earnings results on Wednesday, June 4th. The technology company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.12). Verint Systems had a return on equity of 12.35% and a net margin of 7.66%. The business had revenue of $173.62 million for the quarter, compared to the consensus estimate of $194.61 million. During the same quarter in the prior year, the business earned $0.59 EPS. Verint Systems's revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Verint Systems will post 1.92 earnings per share for the current year.

Hedge Funds Weigh In On Verint Systems

Several hedge funds and other institutional investors have recently bought and sold shares of VRNT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Verint Systems by 148.3% during 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 during the last quarter. Marshall Wace LLP purchased a new stake in Verint Systems during the 4th quarter valued at approximately $22,528,000. Arrowstreet Capital Limited Partnership grew its holdings in Verint Systems by 491.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 764,498 shares of the technology company's stock valued at $20,985,000 after buying an additional 635,334 shares in the last quarter. Invenomic Capital Management LP boosted its position 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 valued at $20,626,000 after acquiring an additional 621,707 shares during the last quarter. Finally, Philosophy Capital Management LLC bought a new position in shares of Verint Systems during the 1st quarter valued at approximately $10,168,000. 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.