Rosenblatt Securities Begins Coverage on Verint Systems (NASDAQ:VRNT)

Research analysts at Rosenblatt Securities started coverage on shares of Verint Systems (NASDAQ:VRNT - Get Free Report) in a report issued on Friday,Benzinga reports. The brokerage set a "buy" rating and a $40.00 price target on the technology company's stock. Rosenblatt Securities' price objective points to a potential upside of 85.19% from the stock's previous close.

A number of other research analysts also recently weighed in on VRNT. Cowen reiterated a "buy" rating on shares of Verint Systems in a report on Wednesday, June 4th. Wedbush reaffirmed an "outperform" rating and set a $30.00 price objective on shares of Verint Systems in a research report on Wednesday, June 4th. Evercore ISI dropped their price objective on shares of Verint Systems from $34.00 to $23.00 and set an "in-line" rating on the stock in a research note on Thursday, March 27th. Needham & Company LLC reissued a "buy" rating and set a $30.00 target price on shares of Verint Systems in a research note on Thursday, June 5th. Finally, Wall Street Zen lowered Verint Systems from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $31.71.

Verint Systems Trading Up 3.8%

NASDAQ:VRNT traded up $0.79 on Friday, hitting $21.60. 1,056,186 shares of the stock were exchanged, compared to its average volume of 977,650. The stock has a market cap of $1.30 billion, a PE ratio of 14.97, a PEG ratio of 0.83 and a beta of 1.43. Verint Systems has a fifty-two week low of $14.15 and a fifty-two week high of $37.31. The stock has a fifty day moving average of $18.70 and a 200-day moving average of $20.54.

Verint Systems (NASDAQ:VRNT - Get Free Report) last announced its earnings results on Wednesday, June 4th. The technology company reported $0.29 earnings per share (EPS) 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 analysts' expectations of $194.61 million. During the same period in the previous year, the firm posted $0.59 earnings per share. The firm's revenue was down 6.0% compared to the same quarter last year. As a group, analysts predict that Verint Systems will post 1.92 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in VRNT. Janney Montgomery Scott LLC boosted its position in Verint Systems by 19.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 45,480 shares of the technology company's stock worth $895,000 after buying an additional 7,513 shares during the period. Fort Washington Investment Advisors Inc. OH raised its position in shares of Verint Systems by 6.9% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 898,328 shares of the technology company's stock worth $17,670,000 after acquiring an additional 57,939 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of Verint Systems during the 2nd quarter valued at about $3,308,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Verint Systems during the 2nd quarter worth approximately $289,000. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Verint Systems by 14.0% during the second quarter. Harbor Capital Advisors Inc. now owns 16,536 shares of the technology company's stock valued at $325,000 after purchasing an additional 2,031 shares during the period. 94.95% of the stock is owned by institutional investors.

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.