Verint Systems (NASDAQ:VRNT) Stock Rating Lowered by StockNews.com

Verint Systems (NASDAQ:VRNT) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Several other research firms also recently weighed in on VRNT. Needham & Company LLC dropped their price objective on Verint Systems from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday. Royal Bank of Canada cut their price target on Verint Systems from $36.00 to $29.00 and set an “outperform” rating for the company in a research note on Thursday. Jefferies Financial Group increased their price objective on shares of Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Finally, Evercore ISI cut their target price on shares of Verint Systems from $34.00 to $23.00 and set an “in-line” rating for the company in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.33.

Verint Systems Price Performance

Shares of NASDAQ VRNT opened at $17.85 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. Verint Systems has a one year low of $17.64 and a one year high of $38.17. The firm has a market capitalization of $1.11 billion, a P/E ratio of 18.99, a PEG ratio of 0.97 and a beta of 1.29. The company’s fifty day moving average is $23.75 and its two-hundred day moving average is $24.69.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Wednesday, March 26th. The technology company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.28). Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. The company had revenue of $253.50 million for the quarter, compared to analysts’ expectations of $276.82 million. During the same period in the prior year, the firm posted $1.07 EPS. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. Analysts forecast that Verint Systems will post 1.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VRNT. Mackenzie Financial Corp grew its holdings in shares of Verint Systems by 142.6% during the fourth quarter. Mackenzie Financial Corp now owns 97,757 shares of the technology company’s stock worth $2,683,000 after buying an additional 57,465 shares in the last quarter. Sherbrooke Park Advisers LLC purchased a new stake in Verint Systems in the 4th quarter worth approximately $768,000. ProShare Advisors LLC boosted its stake in Verint Systems by 32.4% in the 4th quarter. ProShare Advisors LLC now owns 22,769 shares of the technology company’s stock worth $625,000 after buying an additional 5,571 shares during the last quarter. Man Group plc purchased a new stake in Verint Systems in the fourth quarter valued at approximately $221,000. Finally, Millennium Management LLC boosted its holdings in Verint Systems by 62.1% in the fourth quarter. Millennium Management LLC now owns 516,438 shares of the technology company’s stock valued at $14,176,000 after acquiring an additional 197,893 shares during the last quarter. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Verint Systems Company Profile

Verint Systems Inc provides customer engagement solutions worldwide. It offers forecasting and scheduling, channels and routing, knowledge management, fraud and security solutions, quality and compliance, analytics and insights, real-time assistance, self-services, financial compliance, and voice pf the consumer solutions.