Verint Systems (NASDAQ:VRNT) Raised to "Strong-Buy" at Rosenblatt Securities

Rosenblatt Securities upgraded shares of Verint Systems (NASDAQ:VRNT - Free Report) to a strong-buy rating in a research note issued to investors on Thursday morning,Zacks.com reports.

VRNT has been the subject of several other reports. Cowen reissued a "buy" rating on shares of Verint Systems in a research report on Wednesday, June 4th. Wedbush reaffirmed an "outperform" rating and set a $30.00 target price on shares of Verint Systems in a research report on Wednesday, June 4th. Needham & Company LLC reaffirmed a "buy" rating and issued a $30.00 target price on shares of Verint Systems in a research report on Thursday, June 5th. Royal Bank Of Canada cut their price target on Verint Systems from $36.00 to $29.00 and set an "outperform" rating for the company in a research note on Thursday, March 27th. Finally, Wall Street Zen downgraded Verint Systems from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.71.

Verint Systems Stock Performance

Shares of NASDAQ:VRNT traded up $0.67 during trading on Thursday, hitting $22.27. 1,244,957 shares of the stock were exchanged, compared to its average volume of 979,797. Verint Systems has a 1-year low of $14.15 and a 1-year high of $37.31. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 27.16, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43. The company's fifty day simple moving average is $18.70 and its 200-day simple moving average is $20.54.

Verint Systems (NASDAQ:VRNT - Get Free Report) last released its earnings results on Wednesday, June 4th. The technology company reported $0.29 earnings per share 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 firm had revenue of $173.62 million for the quarter, compared to the consensus estimate of $194.61 million. During the same quarter in the previous year, the firm earned $0.59 EPS. The company's revenue was down 6.0% compared to the same quarter last year. On average, research analysts forecast that Verint Systems will post 1.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC boosted its holdings in Verint Systems by 19.8% in 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 boosted its holdings in shares of Verint Systems by 6.9% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 898,328 shares of the technology company's stock valued at $17,670,000 after purchasing an additional 57,939 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of Verint Systems during the 2nd quarter valued at about $3,308,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Verint Systems during the 2nd quarter valued at about $289,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of Verint Systems by 14.0% during the 2nd 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 last quarter. Hedge funds and other 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.