Verint Systems (NASDAQ:VRNT) Hits New 52-Week Low – Time to Sell?

Shares of Verint Systems Inc. (NASDAQ:VRNT) reached a new 52-week low on Thursday . The stock traded as low as $15.87 and last traded at $16.28, with a volume of 339258 shares. The stock had previously closed at $18.02.

Analyst Upgrades and Downgrades

VRNT has been the topic of a number of research reports. Royal Bank of Canada lowered their price objective on Verint Systems from $36.00 to $29.00 and set an “outperform” rating on the stock in a research note on Thursday, March 27th. StockNews.com cut shares of Verint Systems from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Wedbush reduced their price objective on shares of Verint Systems from $38.00 to $30.00 and set an “outperform” rating for the company in a research note on Friday, March 28th. Needham & Company LLC dropped their target price on Verint Systems from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, March 27th. Finally, Evercore ISI reduced their price target on 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. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Verint Systems presently has an average rating of “Moderate Buy” and a consensus price target of $30.33.

Verint Systems Stock Down 4.9 %

The company has a market cap of $944.50 million, a PE ratio of 16.17, a P/E/G ratio of 0.97 and a beta of 1.29. The stock has a 50-day moving average of $22.94 and a 200-day moving average of $24.38. 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 data on Wednesday, March 26th. The technology company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.28). Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. The company had revenue of $253.50 million for the quarter, compared to the consensus estimate of $276.82 million. During the same period in the prior year, the firm posted $1.07 earnings per share. The business’s revenue was down 4.4% on a year-over-year basis. Sell-side analysts predict that Verint Systems Inc. will post 1.92 earnings per share for the current fiscal year.

Institutional Trading of Verint Systems

A number of hedge funds have recently bought and sold shares of VRNT. Plato Investment Management Ltd purchased a new stake in shares of Verint Systems in the 4th quarter valued at $43,000. Parkside Financial Bank & Trust purchased a new stake in Verint Systems during the fourth quarter valued at about $52,000. Headlands Technologies LLC bought a new position in shares of Verint Systems during the fourth quarter valued at about $52,000. Sterling Capital Management LLC increased its holdings in shares of Verint Systems by 808.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company’s stock worth $53,000 after buying an additional 1,713 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Verint Systems by 45.7% in 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 last quarter. 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.