Verint Systems (NASDAQ:VRNT) Hits New 12-Month Low - What's Next?

Verint Systems Inc. (NASDAQ:VRNT - Get Free Report)'s share price reached a new 52-week low on Wednesday . The company traded as low as $17.36 and last traded at $17.64, with a volume of 801775 shares. The stock had previously closed at $18.27.

Analyst Ratings Changes

VRNT has been the topic of a number of recent analyst reports. Wedbush lowered their price objective on Verint Systems from $38.00 to $30.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. Needham & Company LLC reissued a "buy" rating and issued a $30.00 price target on shares of Verint Systems in a research note on Friday, April 25th. StockNews.com cut shares of Verint Systems from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Royal Bank of Canada reduced their target price on Verint Systems from $36.00 to $29.00 and set an "outperform" rating on the stock in a research note on Thursday, March 27th. Finally, Evercore ISI dropped their price target on Verint Systems from $34.00 to $23.00 and set an "in-line" rating for the company in a research note on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Verint Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.33.

Verint Systems Trading Down 0.7 %

The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. The firm has a 50-day moving average of $18.93 and a 200-day moving average of $23.16. The firm has a market capitalization of $1.10 billion, a P/E ratio of 18.83, a price-to-earnings-growth ratio of 0.97 and a beta of 1.45.

Verint Systems (NASDAQ:VRNT - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The technology company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.27 by ($0.28). The firm had revenue of $253.50 million during the quarter, compared to analysts' expectations of $276.82 million. Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. Verint Systems's revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.07 EPS. On average, equities research analysts anticipate that Verint Systems Inc. will post 1.92 EPS for the current fiscal year.

Insider Activity at Verint Systems

In other news, Director Stephen J. Gold sold 2,744 shares of Verint Systems stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $16.07, for a total transaction of $44,096.08. Following the sale, the director now owns 28,473 shares of the company's stock, valued at approximately $457,561.11. The trade was a 8.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Peter Fante sold 9,439 shares of Verint Systems stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $16.50, for a total value of $155,743.50. Following the sale, the insider now directly owns 20,450 shares in the company, valued at approximately $337,425. The trade was a 31.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in shares of Verint Systems by 15.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,479,163 shares of the technology company's stock worth $68,054,000 after buying an additional 338,454 shares during the last quarter. Global Alpha Capital Management Ltd. raised its position in shares of Verint Systems by 39.5% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 1,717,703 shares of the technology company's stock worth $47,151,000 after purchasing an additional 486,000 shares during the last quarter. Senvest Management LLC increased its stake in Verint Systems by 9.1% during the 4th quarter. Senvest Management LLC now owns 1,577,332 shares of the technology company's stock valued at $43,298,000 after purchasing an additional 132,102 shares in the last quarter. William Blair Investment Management LLC lifted its stake in shares of Verint Systems by 2.4% in the fourth quarter. William Blair Investment Management LLC now owns 1,406,682 shares of the technology company's stock worth $38,613,000 after buying an additional 32,682 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Verint Systems by 0.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,267,351 shares of the technology company's stock valued at $22,622,000 after acquiring an additional 3,849 shares in the last quarter. 94.95% of the stock is owned by hedge funds and other 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.