Shares of Verint Systems Inc. (NASDAQ:VRNT) have earned a consensus recommendation of “Buy” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $47.50.
A number of research firms have recently issued reports on VRNT. Oppenheimer reiterated a “buy” rating and issued a $49.00 price objective 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 $47.00 price objective for the company in a report on Saturday, December 23rd.
Several institutional investors and hedge funds have recently bought and sold shares of VRNT. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Verint Systems by 11.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,655 shares of the technology company’s stock worth $108,000 after purchasing an additional 263 shares in the last quarter. Macquarie Group Ltd. bought a new stake in shares of Verint Systems in the 3rd quarter valued at about $151,000. FNY Managed Accounts LLC bought a new stake in shares of Verint Systems in the 3rd quarter valued at about $164,000. Tower Research Capital LLC TRC bought a new stake in shares of Verint Systems in the 2nd quarter valued at about $179,000. Finally, Magnetar Financial LLC bought a new stake in shares of Verint Systems in the 3rd quarter valued at about $202,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Verint Systems (VRNT) traded up $0.15 during trading on Tuesday, reaching $43.05. The company had a trading volume of 285,661 shares, compared to its average volume of 468,287. Verint Systems has a twelve month low of $35.90 and a twelve month high of $44.70. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.63 and a current ratio of 1.67. The stock has a market capitalization of $2,750.00, a PE ratio of -172.20, a price-to-earnings-growth ratio of 2.31 and a beta of 1.26.
Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings data on Wednesday, December 6th. The technology company reported $0.66 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $282.01 million. During the same period in the prior year, the business earned $0.59 EPS. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. equities research analysts predict that Verint Systems will post 1.82 EPS for the current year.
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Verint Systems Company Profile
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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