BidaskClub Lowers Verint Systems (VRNT) to Strong Sell

BidaskClub cut shares of Verint Systems (NASDAQ:VRNT) from a sell rating to a strong sell rating in a research note released on Saturday morning.

Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Verint Systems from a hold rating to a buy rating and set a $47.00 price target on the stock in a research report on Saturday, December 23rd. Oppenheimer restated a buy rating and issued a $49.00 price target on shares of Verint Systems in a research report on Wednesday, December 20th. Finally, Royal Bank of Canada raised their price target on shares of Verint Systems from $48.00 to $50.00 and gave the stock a positive rating in a research report on Thursday, March 29th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $47.83.

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NASDAQ VRNT opened at $40.50 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.51 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $2,508.76, a price-to-earnings ratio of 22.88, a P/E/G ratio of 1.84 and a beta of 1.01. Verint Systems has a 52-week low of $37.05 and a 52-week high of $44.55.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Wednesday, March 28th. The technology company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.05. The company had revenue of $318.73 million for the quarter, compared to analyst estimates of $313.98 million. Verint Systems had a negative net margin of 0.58% and a positive return on equity of 10.57%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the business posted $0.90 EPS. research analysts forecast that Verint Systems will post 2.14 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of VRNT. Legal & General Group Plc boosted its position in shares of Verint Systems by 20.9% during the 3rd quarter. Legal & General Group Plc now owns 26,745 shares of the technology company’s stock valued at $1,123,000 after acquiring an additional 4,627 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Verint Systems by 3.8% during the 4th quarter. First Trust Advisors LP now owns 238,122 shares of the technology company’s stock valued at $9,965,000 after acquiring an additional 8,819 shares in the last quarter. American Capital Management Inc. boosted its position in shares of Verint Systems by 23.7% during the 4th quarter. American Capital Management Inc. now owns 1,431,899 shares of the technology company’s stock valued at $59,925,000 after acquiring an additional 274,094 shares in the last quarter. Bray Capital Advisors acquired a new stake in shares of Verint Systems during the 4th quarter valued at about $240,000. Finally, Teacher Retirement System of Texas boosted its position in shares of Verint Systems by 316.7% during the 4th quarter. Teacher Retirement System of Texas now owns 21,545 shares of the technology company’s stock valued at $902,000 after acquiring an additional 16,374 shares in the last quarter. Institutional investors own 95.40% of the company’s stock.

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About Verint Systems

Verint Systems Inc provides actionable intelligence solutions and value-added services worldwide. Its Customer Engagement Solutions segment provides voice of the customer solutions, including interaction analytics, enterprise feedback, and digital feedback; workforce optimization solutions, such as intelligent recording, analytics-driven quality, coaching/learning, workforce management, work allocation, desktop and process analytics, robotic process automation, and performance management; employee engagement solutions comprising workforce optimization, knowledge management, employee desktop, case management, internal communities, gamification, mobile workforce apps, and voice of the employee; engagement channel solutions consisting of Web/mobile self-service, voice self-service, customer communities, email/secure messaging, Web chat, co-browse, mobile messaging, and social engagement; and security, fraud, and compliance solutions, including compliance recording, fraud and identity analytics, trading compliance, branch surveillance and investigation, and public safety compliance.

Analyst Recommendations for Verint Systems (NASDAQ:VRNT)

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