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.
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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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