Verint Systems (NASDAQ:VRNT) Price Target Lowered to $30.00 at Needham & Company LLC

Verint Systems (NASDAQ:VRNT) had its price objective reduced by Needham & Company LLC from $40.00 to $30.00 in a research note issued on Thursday,Briefing.com Automated Import reports. The brokerage presently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price target would indicate a potential upside of 38.76% from the stock’s current price.

Several other research analysts also recently weighed in on the stock. StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a research note on Wednesday, January 15th. Finally, Jefferies Financial Group lifted their target price on Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Verint Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

Verint Systems Stock Performance

NASDAQ:VRNT opened at $21.62 on Thursday. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.35 billion, a P/E ratio of 23.00, a P/E/G ratio of 0.97 and a beta of 1.29. The firm’s 50 day moving average is $23.99 and its two-hundred day moving average is $24.79. Verint Systems has a fifty-two week low of $19.10 and a fifty-two week high of $38.17.

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

Institutional Investors Weigh In On Verint Systems

Institutional investors have recently bought and sold shares of the stock. Plato Investment Management Ltd acquired a new stake in Verint Systems in the fourth quarter worth approximately $43,000. Parkside Financial Bank & Trust purchased a new stake in Verint Systems during the fourth quarter valued at about $52,000. Headlands Technologies LLC purchased a new stake in shares of Verint Systems in the 4th quarter valued at approximately $52,000. Sterling Capital Management LLC boosted its position in shares of Verint Systems by 808.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company’s stock worth $53,000 after buying an additional 1,713 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Verint Systems by 45.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company’s stock worth $54,000 after acquiring an additional 613 shares during the period. Institutional investors and hedge funds own 94.95% of the company’s stock.

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.