Verint Systems (NASDAQ:VRNT) Lowered to Hold Rating by StockNews.com

Verint Systems (NASDAQ:VRNT) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

Several other equities analysts have also commented on VRNT. Needham & Company LLC lowered their price target on shares of Verint Systems from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday. 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 research note on Thursday. Jefferies Financial Group raised their price target on shares of Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Finally, Evercore ISI reduced their price objective on Verint Systems from $34.00 to $23.00 and set an “in-line” rating for the company in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $31.67.

Verint Systems Stock Down 13.4 %

Shares of VRNT traded down $2.89 during midday trading on Thursday, hitting $18.73. The company had a trading volume of 3,786,631 shares, compared to its average volume of 747,934. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 0.97 and a beta of 1.29. The company’s 50 day moving average price is $23.88 and its 200 day moving average price is $24.74. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. Verint Systems has a 52 week low of $18.17 and a 52 week high of $38.17.

Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings data on Wednesday, March 26th. The technology company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.28). Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. The firm had revenue of $253.50 million for the quarter, compared to the consensus estimate of $276.82 million. During the same quarter last year, the business earned $1.07 earnings per share. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. On average, equities research analysts predict that Verint Systems will post 1.92 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VRNT. Marshall Wace LLP acquired a new stake in Verint Systems in the fourth quarter worth approximately $22,528,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Verint Systems by 491.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 764,498 shares of the technology company’s stock worth $20,985,000 after buying an additional 635,334 shares in the last quarter. Invenomic Capital Management LP acquired a new stake in shares of Verint Systems in the fourth quarter valued at $14,653,000. Global Alpha Capital Management Ltd. boosted its stake in Verint Systems by 39.5% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 1,717,703 shares of the technology company’s stock valued at $47,151,000 after buying an additional 486,000 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Verint Systems by 48.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,263,502 shares of the technology company’s stock valued at $34,683,000 after buying an additional 412,655 shares in the last quarter. 94.95% of the stock is currently 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.