Verint Systems Inc. (VRNT) Receives $46.43 Consensus Target Price from Analysts

Shares of Verint Systems Inc. (NASDAQ:VRNT) have earned an average recommendation of “Buy” from the seven research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $46.43.

VRNT has been the subject of several recent research reports. Zacks Investment Research lowered shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 9th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $48.00 target price on shares of Verint Systems in a report on Tuesday, August 15th. Deutsche Bank AG lifted their target price on shares of Verint Systems from $42.00 to $44.00 and gave the company a “hold” rating in a report on Thursday, September 7th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $49.00 target price on shares of Verint Systems in a report on Thursday, September 7th.

Shares of Verint Systems (NASDAQ VRNT) traded up 0.894% during midday trading on Thursday, hitting $42.325. 364,691 shares of the stock were exchanged. The stock’s market cap is $2.70 billion. The firm has a 50 day moving average of $42.00 and a 200-day moving average of $40.44. Verint Systems has a 12 month low of $33.40 and a 12 month high of $44.70.

Verint Systems (NASDAQ:VRNT) last released its earnings results on Wednesday, September 6th. The technology company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.14. Verint Systems had a negative net margin of 2.42% and a positive return on equity of 9.90%. The company had revenue of $278.20 million during the quarter, compared to analysts’ expectations of $270.14 million. During the same period last year, the business earned $0.57 EPS. Verint Systems’s revenue for the quarter was up 5.3% on a year-over-year basis. Equities research analysts anticipate that Verint Systems will post $2.76 EPS for the current year.

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Verint Systems by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 5,160,308 shares of the technology company’s stock worth $210,024,000 after buying an additional 50,136 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Verint Systems by 2.0% in the 3rd quarter. Fisher Asset Management LLC now owns 2,169,121 shares of the technology company’s stock worth $90,778,000 after buying an additional 42,080 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Verint Systems by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,353,467 shares of the technology company’s stock worth $55,085,000 after buying an additional 79,075 shares in the last quarter. State Street Corp raised its stake in shares of Verint Systems by 5.5% in the 2nd quarter. State Street Corp now owns 1,258,532 shares of the technology company’s stock worth $51,225,000 after buying an additional 65,509 shares in the last quarter. Finally, American Capital Management Inc. raised its stake in shares of Verint Systems by 19.5% in the 3rd quarter. American Capital Management Inc. now owns 1,157,805 shares of the technology company’s stock worth $48,454,000 after buying an additional 189,310 shares in the last quarter. Institutional investors own 92.90% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Verint Systems Inc. (VRNT) Receives $46.43 Consensus Target Price from Analysts” was originally posted by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this piece on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The original version of this piece can be accessed at https://transcriptdaily.com/2017/10/31/verint-systems-inc-vrnt-receives-46-43-consensus-target-price-from-analysts.html.

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)

Receive News & Ratings for Verint Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verint Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply