Shares of Verint Systems Inc. (NASDAQ:VRNT) have been given a consensus recommendation of “Buy” by the seven ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $47.50.
A number of brokerages have recently weighed in on VRNT. Oppenheimer reiterated a “buy” rating and set a $49.00 price target on shares of Verint Systems in a report on Thursday, September 28th. BidaskClub upgraded Verint Systems from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Finally, Zacks Investment Research upgraded Verint Systems from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Wednesday, September 13th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in VRNT. ETF Managers Group LLC acquired a new stake in Verint Systems during the second quarter valued at $18,069,000. Numeric Investors LLC acquired a new stake in shares of Verint Systems in the second quarter worth about $15,731,000. Russell Investments Group Ltd. increased its stake in shares of Verint Systems by 549.6% in the third quarter. Russell Investments Group Ltd. now owns 319,220 shares of the technology company’s stock worth $13,359,000 after purchasing an additional 270,081 shares during the period. Amundi Pioneer Asset Management Inc. increased its stake in shares of Verint Systems by 60.7% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 686,624 shares of the technology company’s stock worth $28,735,000 after purchasing an additional 259,439 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Verint Systems by 37.2% in the third quarter. Ameriprise Financial Inc. now owns 887,367 shares of the technology company’s stock worth $37,137,000 after purchasing an additional 240,366 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.
Verint Systems (NASDAQ:VRNT) last issued its earnings results on Wednesday, December 6th. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.32. The business had revenue of $280.70 million for the quarter, compared to analysts’ expectations of $282.01 million. Verint Systems had a positive return on equity of 9.90% and a negative net margin of 1.41%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 EPS. sell-side analysts expect that Verint Systems will post 1.82 EPS for the current 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.
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