Verint Systems (NASDAQ:VRNT) Reaches New 12-Month Low – What’s Next?

Shares of Verint Systems Inc. (NASDAQ:VRNT) hit a new 52-week low during trading on Wednesday . The stock traded as low as $14.16 and last traded at $14.59, with a volume of 20201 shares trading hands. The stock had previously closed at $14.55.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VRNT. Royal Bank of Canada dropped their target price on shares of Verint Systems from $36.00 to $29.00 and set an “outperform” rating for the company in a report on Thursday, March 27th. Wedbush cut their price objective on shares of Verint Systems from $38.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, March 28th. StockNews.com lowered shares of Verint Systems from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Evercore ISI decreased their price target on shares of Verint Systems from $34.00 to $23.00 and set an “in-line” rating on the stock in a research note on Thursday, March 27th. Finally, Needham & Company LLC decreased their target price on Verint Systems from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Verint Systems presently has an average rating of “Moderate Buy” and a consensus price target of $30.33.

Verint Systems Stock Performance

The firm has a fifty day moving average price of $22.29 and a two-hundred day moving average price of $24.13. The stock has a market capitalization of $883.91 million, a PE ratio of 15.14, a P/E/G ratio of 0.97 and a beta of 1.31. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28.

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 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 during the quarter, compared to the consensus estimate of $276.82 million. During the same quarter in the previous year, the company posted $1.07 earnings per share. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. Research analysts expect that Verint Systems Inc. will post 1.92 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. State Street Corp raised its holdings in Verint Systems by 1.5% in the third quarter. State Street Corp now owns 1,573,801 shares of the technology company’s stock worth $39,864,000 after purchasing an additional 23,400 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Verint Systems during the 4th quarter worth approximately $5,276,000. Geode Capital Management LLC lifted its position in Verint Systems by 0.3% during the third quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company’s stock valued at $38,004,000 after acquiring an additional 4,034 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Verint Systems in the fourth quarter valued at approximately $321,000. Finally, Fort Washington Investment Advisors Inc. OH grew its holdings in Verint Systems by 32.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 775,869 shares of the technology company’s stock worth $21,298,000 after purchasing an additional 189,860 shares during the last quarter. 94.95% of the stock is owned by institutional investors.

About Verint Systems

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.