Verint Systems (NASDAQ:VRNT) Sees Large Volume Increase - Should You Buy?

Key Points

• Verint Systems experienced an 809% increase in trading volume, with over 10 million shares traded, despite a slight decline in stock price from $20.47 to $20.25.
• Analysts have mixed ratings on Verint Systems, with a target price ranging from $20.50 to $30.00, indicating some investors could view the stock as a buy while others remain cautious.
• Verint reported an earnings miss for the last quarter, with $0.29 EPS compared to the expected $0.41, and revenue fell 6% year-over-year, raising questions about future performance.

Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 10,237,392 shares were traded during trading, an increase of 809% from the previous session's volume of 1,126,321 shares.The stock last traded at $20.25 and had previously closed at $20.47.

Analysts Set New Price Targets

A number of analysts have weighed in on VRNT shares. Wedbush downgraded shares of Verint Systems from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Needham & Company LLC lowered shares of Verint Systems from a "buy" rating to a "hold" rating in a report on Monday. TD Cowen downgraded Verint Systems from a "strong-buy" rating to a "hold" rating in a report on Monday. Cowen reissued a "buy" rating on shares of Verint Systems in a research note on Wednesday, June 4th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $20.50 target price (down previously from $29.00) on shares of Verint Systems in a research note on Tuesday. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $27.71.

Verint Systems Price Performance

The company has a fifty day moving average price of $20.45 and a 200 day moving average price of $19.62. The stock has a market cap of $1.23 billion, a P/E ratio of 24.87, a P/E/G ratio of 0.82 and a beta of 1.46.

Verint Systems (NASDAQ:VRNT - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The technology company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.12). The business had revenue of $173.62 million for the quarter, compared to the consensus estimate of $194.61 million. Verint Systems had a net margin of 7.66% and a return on equity of 12.35%. The business's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.59 EPS. Verint Systems has set its FY 2026 guidance at 2.930-2.930 EPS. As a group, sell-side analysts expect that Verint Systems Inc. will post 1.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in 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 acquiring an additional 1,299,085 shares in the last quarter. Global Alpha Capital Management Ltd. raised its stake in shares of Verint Systems by 41.0% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 2,468,603 shares of the technology company's stock worth $48,557,000 after purchasing an additional 718,000 shares during the period. Invenomic Capital Management LP raised its stake 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 worth $20,626,000 after purchasing an additional 621,707 shares during the period. Philosophy Capital Management LLC bought a new stake in shares of Verint Systems during the 1st quarter worth $10,168,000. Finally, Nuveen LLC bought a new stake in shares of Verint Systems during the 1st quarter worth $8,758,000. 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.