Verint Systems (NASDAQ:VRNT) Receives Sector Perform Rating from Royal Bank Of Canada

Royal Bank Of Canada restated their sector perform rating on shares of Verint Systems (NASDAQ:VRNT) in a research report sent to investors on Tuesday,Benzinga reports. The firm currently has a $20.50 target price on the technology company’s stock, down from their prior target price of $29.00.

A number of other equities research analysts also recently commented on VRNT. Rosenblatt Securities downgraded Verint Systems from a “buy” rating to a “hold” rating and cut their price objective for the company from $40.00 to $20.50 in a research report on Monday. Wedbush reaffirmed an “outperform” rating and set a $30.00 target price on shares of Verint Systems in a report on Wednesday, June 4th. Needham & Company LLC downgraded Verint Systems from a “buy” rating to a “hold” rating in a report on Monday. Finally, Cowen reaffirmed a “buy” rating on shares of Verint Systems in a research note on Wednesday, June 4th. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $27.71.

Verint Systems Stock Up 0.0%

Shares of Verint Systems stock opened at $20.39 on Tuesday. Verint Systems has a fifty-two week low of $14.15 and a fifty-two week high of $34.80. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 24.87, a price-to-earnings-growth ratio of 0.82 and a beta of 1.46. The business has a fifty day simple moving average of $20.38 and a 200-day simple moving average of $19.66.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, June 4th. The technology company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.12). Verint Systems had a net margin of 7.66% and a return on equity of 12.35%. The business had revenue of $173.62 million during the quarter, compared to analyst estimates of $194.61 million. During the same period in the previous year, the company posted $0.59 earnings per share. Verint Systems’s revenue was down 6.0% compared to the same quarter last year. Verint Systems has set its FY 2026 guidance at 2.930-2.930 EPS. Analysts anticipate that Verint Systems will post 1.92 earnings per share for the current fiscal year.

Institutional Trading of Verint Systems

A number of hedge funds have recently made changes to their positions in VRNT. Allspring Global Investments Holdings LLC lifted its position in Verint Systems by 54.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 173,476 shares of the technology company’s stock worth $3,093,000 after buying an additional 61,284 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Verint Systems by 7.3% during the first quarter. Asset Management One Co. Ltd. now owns 87,780 shares of the technology company’s stock worth $1,567,000 after acquiring an additional 6,007 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Verint Systems by 14.8% during the first quarter. Teacher Retirement System of Texas now owns 46,735 shares of the technology company’s stock worth $834,000 after acquiring an additional 6,025 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Verint Systems by 14,079.2% during the first quarter. Parallel Advisors LLC now owns 3,403 shares of the technology company’s stock worth $61,000 after acquiring an additional 3,379 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Verint Systems by 1.5% during the fourth quarter. Northern Trust Corp now owns 639,234 shares of the technology company’s stock worth $17,547,000 after acquiring an additional 9,361 shares in the last quarter. 94.95% of the stock is owned by hedge funds and other 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.