Verint Systems (NASDAQ:VRNT) Rating Increased to Strong-Buy at Rosenblatt Securities

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

Other equities analysts have also recently issued reports about the stock. Cowen reaffirmed a "buy" rating on shares of Verint Systems in a research note on Wednesday, June 4th. Wall Street Zen lowered shares of Verint Systems from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Evercore ISI decreased their price objective on shares of Verint Systems from $34.00 to $23.00 and set an "in-line" rating for the company in a research report on Thursday, March 27th. Royal Bank Of Canada reduced their target price on shares of Verint Systems from $36.00 to $29.00 and set an "outperform" rating for the company in a report on Thursday, March 27th. Finally, Wedbush reaffirmed an "outperform" rating and set a $30.00 target price on shares of Verint Systems in a report on Wednesday, June 4th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $31.71.

Verint Systems Trading Up 1.2%

Shares of VRNT traded up $0.25 during mid-day trading on Thursday, hitting $20.81. 1,138,284 shares of the company traded hands, compared to its average volume of 977,335. Verint Systems has a one year low of $14.15 and a one year high of $37.31. The business has a 50-day moving average of $18.70 and a 200 day moving average of $20.59. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 25.38, a PEG ratio of 0.83 and a beta of 1.43.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in shares of Verint Systems in the fourth quarter valued at about $5,276,000. PNC Financial Services Group Inc. grew its position in Verint Systems by 45.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company's stock valued at $54,000 after buying an additional 613 shares during the period. Swiss National Bank grew its position in Verint Systems by 1.2% during the fourth quarter. Swiss National Bank now owns 121,900 shares of the technology company's stock valued at $3,346,000 after buying an additional 1,400 shares during the period. Teacher Retirement System of Texas grew its position in Verint Systems by 30.6% during the fourth quarter. Teacher Retirement System of Texas now owns 40,710 shares of the technology company's stock valued at $1,117,000 after buying an additional 9,541 shares during the period. Finally, Magnetar Financial LLC grew its position in Verint Systems by 15.9% during the fourth quarter. Magnetar Financial LLC now owns 26,649 shares of the technology company's stock valued at $732,000 after buying an additional 3,657 shares during the period. 94.95% of the stock is owned by institutional investors.

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.