Verint Systems (NASDAQ:VRNT) Given Sector Perform Rating at Royal Bank Of Canada

Key Points

• Royal Bank of Canada has reiterated its "sector perform" rating for Verint Systems (VRNT) with a revised price target of $20.50, down from $29.00, indicating only a 1.49% potential upside from the current stock price.
• The technology company reported $0.29 earnings per share (EPS) for the last quarter, missing the consensus estimate of $0.41 and showing a year-over-year revenue decline of 6.0%.
• Analysts have mixed recommendations on the stock, with three rating it as a "Buy" and five as a "Hold," resulting in an average target price of $27.71.

Verint Systems (NASDAQ:VRNT - Get Free Report)'s stock had its "sector perform" rating reiterated by Royal Bank Of Canada in a report released on Tuesday,Benzinga reports. They presently have a $20.50 price objective on the technology company's stock, down from their prior price objective of $29.00. Royal Bank Of Canada's price objective suggests a potential upside of 0.54% from the stock's previous close.

VRNT has been the topic of a number of other research reports. 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. Rosenblatt Securities lowered shares of Verint Systems from a "buy" rating to a "hold" rating and dropped their target price for the stock from $40.00 to $20.50 in a research report on Monday. Cowen reaffirmed a "buy" rating on shares of Verint Systems in a research report on Wednesday, June 4th. Finally, Needham & Company LLC lowered shares of Verint Systems from a "buy" rating to a "hold" rating in a research report on Monday. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Verint Systems presently has an average rating of "Hold" and an average price target of $27.71.

Verint Systems Stock Performance

Verint Systems stock remained flat at $20.39 during trading hours on Tuesday. The company's stock had a trading volume of 1,983,585 shares, compared to its average volume of 1,261,899. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 24.87, a price-to-earnings-growth ratio of 0.82 and a beta of 1.46. The firm has a 50 day moving average price of $20.38 and a 200-day moving average price of $19.66. Verint Systems has a 52-week low of $14.15 and a 52-week high of $34.80.

Verint Systems (NASDAQ:VRNT - Get Free Report) last issued 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). The business had revenue of $173.62 million during the quarter, compared to the consensus estimate of $194.61 million. Verint Systems had a return on equity of 12.35% and a net margin of 7.66%.The business's quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 earnings per share. Verint Systems has set its FY 2026 guidance at 2.930-2.930 EPS. Equities research analysts forecast that Verint Systems will post 1.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Verint Systems

Several large investors have recently modified their holdings of the stock. LPL Financial LLC bought a new position in shares of Verint Systems in the fourth quarter valued at approximately $243,000. Wells Fargo & Company MN raised its stake in shares of Verint Systems by 3.5% in the fourth quarter. Wells Fargo & Company MN now owns 46,614 shares of the technology company's stock valued at $1,280,000 after acquiring an additional 1,562 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Verint Systems by 15.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,479,163 shares of the technology company's stock valued at $68,054,000 after acquiring an additional 338,454 shares during the last quarter. MetLife Investment Management LLC raised its stake in shares of Verint Systems by 5.2% in the fourth quarter. MetLife Investment Management LLC now owns 37,507 shares of the technology company's stock valued at $1,030,000 after acquiring an additional 1,853 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of Verint Systems by 7.9% in the fourth quarter. Hsbc Holdings PLC now owns 82,206 shares of the technology company's stock valued at $2,261,000 after acquiring an additional 6,023 shares during the last quarter. 94.95% of the stock is currently owned by 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.