Brokerages Set Verint Systems Inc. (NASDAQ:VRNT) Price Target at $35.67

Verint Systems Inc. (NASDAQ:VRNT) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $30.33.

Several equities research analysts recently commented on the company. Needham & Company LLC cut their price target on Verint Systems from $40.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, March 27th. Wedbush cut their target price on Verint Systems from $38.00 to $30.00 and set an “outperform” rating for the company in a research note on Friday. Evercore ISI lowered their price target on shares of Verint Systems from $34.00 to $23.00 and set an “in-line” rating on the stock in a research report on Thursday, March 27th. StockNews.com cut shares of Verint Systems from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Finally, Jefferies Financial Group boosted their target price on shares of Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a report on Friday, December 6th.

Verint Systems Stock Performance

Shares of VRNT opened at $17.85 on Tuesday. Verint Systems has a 52-week low of $17.27 and a 52-week high of $38.17. The stock has a market cap of $1.11 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 0.97 and a beta of 1.29. The firm’s fifty day moving average is $23.61 and its two-hundred day moving average is $24.62. 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 (NASDAQ:VRNT) last posted its quarterly earnings results on Wednesday, March 26th. The technology company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.28). The business had revenue of $253.50 million for the quarter, compared to analyst estimates of $276.82 million. Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. The business’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 earnings per share. Research analysts forecast that Verint Systems will post 1.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Verint Systems

Several large investors have recently made changes to their positions in the stock. Plato Investment Management Ltd purchased a new stake in Verint Systems in the fourth quarter valued at approximately $43,000. Parkside Financial Bank & Trust purchased a new stake in shares of Verint Systems in the 4th quarter valued at $52,000. Headlands Technologies LLC purchased a new stake in shares of Verint Systems in the 4th quarter valued at $52,000. Sterling Capital Management LLC lifted its stake in Verint Systems by 808.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company’s stock worth $53,000 after acquiring an additional 1,713 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Verint Systems by 45.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company’s stock valued at $54,000 after acquiring an additional 613 shares during the period. 94.95% of the stock is currently owned by institutional investors and hedge funds.

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.