Verint Systems (NASDAQ:VRNT) Now Covered by Rosenblatt Securities

Equities research analysts at Rosenblatt Securities began coverage on shares of Verint Systems (NASDAQ:VRNT - Get Free Report) in a report issued on Friday,Benzinga reports. The firm 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 94.55% from the stock's previous close.

A number of other brokerages have also recently issued reports on VRNT. Cowen reaffirmed a "buy" rating on shares of Verint Systems in a research note on Wednesday, June 4th. Royal Bank Of Canada reduced their price objective on shares of Verint Systems from $36.00 to $29.00 and set an "outperform" rating on the stock in a research report on Thursday, March 27th. Evercore ISI reduced their target price on shares of Verint Systems from $34.00 to $23.00 and set an "in-line" rating for the company in a report on Thursday, March 27th. Wall Street Zen lowered shares of Verint Systems from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Finally, 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. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Verint Systems currently has an average rating of "Moderate Buy" and an average target price of $31.71.

Verint Systems Stock Up 0.9%

NASDAQ:VRNT opened at $20.56 on Friday. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 25.07, a P/E/G ratio of 0.82 and a beta of 1.43. Verint Systems has a 12-month low of $14.15 and a 12-month high of $37.31. The stock's 50 day moving average price is $18.64 and its two-hundred day moving average price is $20.68.

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

Institutional Trading of Verint Systems

Several institutional investors and 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 acquiring an additional 7,513 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in Verint Systems by 6.9% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 898,328 shares of the technology company's stock valued at $17,670,000 after buying an additional 57,939 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Verint Systems during the second quarter valued at about $3,308,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Verint Systems during the second quarter worth about $289,000. Finally, Harbor Capital Advisors Inc. increased its holdings in Verint Systems by 14.0% in the second quarter. Harbor Capital Advisors Inc. now owns 16,536 shares of the technology company's stock worth $325,000 after purchasing an additional 2,031 shares in the last quarter. 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.

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