Verint Systems Inc. (VRNT) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Verint Systems Inc. (NASDAQ:VRNT) have earned an average rating of “Hold” from the seven research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $47.60.

A number of equities analysts have recently weighed in on VRNT shares. Zacks Investment Research downgraded Verint Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Oppenheimer restated a “buy” rating and issued a $49.00 target price on shares of Verint Systems in a research note on Thursday, December 7th. Finally, BidaskClub downgraded Verint Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th.

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A number of institutional investors have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB purchased a new position in Verint Systems in the fourth quarter valued at approximately $288,000. We Are One Seven LLC purchased a new position in Verint Systems in the fourth quarter valued at approximately $305,000. Segall Bryant & Hamill LLC lifted its stake in Verint Systems by 9.1% in the fourth quarter. Segall Bryant & Hamill LLC now owns 71,256 shares of the technology company’s stock valued at $2,982,000 after purchasing an additional 5,915 shares during the last quarter. MetLife Investment Advisors LLC purchased a new position in Verint Systems in the fourth quarter valued at approximately $1,212,000. Finally, Glenmede Trust Co. NA purchased a new position in Verint Systems in the fourth quarter valued at approximately $35,366,000. Institutional investors and hedge funds own 94.52% of the company’s stock.

Shares of Verint Systems (NASDAQ VRNT) traded up $1.10 during midday trading on Wednesday, hitting $40.40. The stock had a trading volume of 456,558 shares, compared to its average volume of 294,409. Verint Systems has a 12-month low of $37.05 and a 12-month high of $44.70. The stock has a market cap of $2,500.22, a P/E ratio of -161.60, a PEG ratio of 1.83 and a beta of 1.13. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.67 and a quick ratio of 1.63.

Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, December 6th. The technology company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.32. Verint Systems had a positive return on equity of 9.90% and a negative net margin of 1.41%. The firm had revenue of $280.70 million for the quarter, compared to the consensus estimate of $282.01 million. During the same quarter in the previous year, the business earned $0.59 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. research analysts expect that Verint Systems will post 1.82 earnings per share for the current fiscal year.

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About Verint Systems

Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.

Analyst Recommendations for Verint Systems (NASDAQ:VRNT)

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