Verint Systems (NASDAQ:VRNT) Posts Earnings Results, Beats Estimates By $0.07 EPS

Key Points

• Verint Systems reported earnings of $0.06 per share, missing the consensus estimate of $0.26 by $0.20.
• The company's stock declined $0.03 to $20.36, with a market cap of $1.22 billion and a price-to-earnings ratio of 24.83.
• Analysts have a consensus rating of "Hold" on the stock, with an average price target of $27.71.

Verint Systems (NASDAQ:VRNT - Get Free Report) posted its quarterly earnings results on Tuesday. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.07, Briefing.com reports. Verint Systems had a return on equity of 11.06% and a net margin of 6.87%.The business had revenue of $165.52 million for the quarter, compared to analyst estimates of $200.43 million. During the same period in the prior year, the company posted $0.49 EPS. The business's revenue was down 1.0% compared to the same quarter last year.

Verint Systems Price Performance

Shares of VRNT remained flat at $20.36 during mid-day trading on Friday. The stock had a trading volume of 1,487,316 shares, compared to its average volume of 2,637,330. Verint Systems has a 52 week low of $14.15 and a 52 week high of $34.80. The company has a market cap of $1.23 billion, a PE ratio of 28.68, a P/E/G ratio of 0.89 and a beta of 1.47. The firm's 50 day simple moving average is $20.67 and its 200-day simple moving average is $19.38.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. TD Cowen lowered shares of Verint Systems from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 25th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $20.50 price target (down from $29.00) on shares of Verint Systems in a report on Tuesday, August 26th. Cowen reaffirmed a "buy" rating on shares of Verint Systems in a research report on Wednesday, June 4th. Needham & Company LLC lowered shares of Verint Systems from a "buy" rating to a "hold" rating in a research note on Monday, August 25th. Finally, Wedbush cut shares of Verint Systems from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $26.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. lifted its stake in shares of Verint Systems by 1,306.2% in the 2nd quarter. Osaic Holdings Inc. now owns 13,415 shares of the technology company's stock worth $241,000 after acquiring an additional 12,461 shares during the period. Pitcairn Co. increased its stake in shares of Verint Systems by 20.4% in the second quarter. Pitcairn Co. now owns 18,607 shares of the technology company's stock worth $366,000 after acquiring an additional 3,159 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Verint Systems by 171.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,069 shares of the technology company's stock worth $139,000 after purchasing an additional 4,466 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Verint Systems by 6.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 424,439 shares of the technology company's stock valued at $8,349,000 after acquiring an additional 26,271 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its position in Verint Systems by 371.7% during the 2nd quarter. Bridgeway Capital Management LLC now owns 449,041 shares of the technology company's stock worth $8,833,000 after acquiring an additional 353,841 shares during the last quarter. Institutional investors own 94.95% of the company's stock.

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.