BidaskClub upgraded shares of Verint Systems (NASDAQ:VRNT) from a sell rating to a hold rating in a research report released on Thursday.

A number of other analysts have also recently commented on the company. Deutsche Bank lifted their target price on Verint Systems from $42.00 to $44.00 and gave the stock a hold rating in a research report on Thursday, September 7th. Oppenheimer reiterated a buy rating and set a $49.00 target price on shares of Verint Systems in a research report on Thursday, September 28th. Finally, Zacks Investment Research upgraded Verint Systems from a hold rating to a buy rating and set a $46.00 target price on the stock in a research report on Wednesday, September 13th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Verint Systems currently has a consensus rating of Buy and a consensus price target of $47.50.

Shares of Verint Systems (NASDAQ:VRNT) opened at $41.80 on Thursday. The firm has a market capitalization of $2,653.30, a price-to-earnings ratio of 25.52, a P/E/G ratio of 2.29 and a beta of 1.26. Verint Systems has a 12 month low of $34.90 and a 12 month high of $44.70. The company has a quick ratio of 1.63, a current ratio of 1.67 and a debt-to-equity ratio of 0.71.

Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, December 6th. The technology company reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.32. The firm had revenue of $280.70 million during the quarter, compared to analysts’ expectations of $282.01 million. Verint Systems had a positive return on equity of 9.90% and a negative net margin of 1.41%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 EPS. analysts predict that Verint Systems will post 1.82 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. AXA raised its position in shares of Verint Systems by 2.9% during the 3rd quarter. AXA now owns 200,514 shares of the technology company’s stock worth $8,392,000 after purchasing an additional 5,700 shares during the last quarter. Algert Global LLC acquired a new position in shares of Verint Systems during the 3rd quarter worth approximately $2,589,000. Cubist Systematic Strategies LLC raised its position in shares of Verint Systems by 207.6% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 15,682 shares of the technology company’s stock worth $656,000 after purchasing an additional 10,583 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in shares of Verint Systems by 435.3% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 45,500 shares of the technology company’s stock worth $1,903,000 after purchasing an additional 37,000 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new position in shares of Verint Systems during the 3rd quarter worth approximately $202,000. 93.31% of the stock is currently owned by institutional investors.

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Verint Systems Company Profile

Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.

Analyst Recommendations for Verint Systems (NASDAQ:VRNT)

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