Verint Systems (NASDAQ:VRNT) had its target price boosted by Needham & Company LLC from $58.00 to $67.00 in a research report released on Thursday morning, BenzingaRatingsTable reports. Needham & Company LLC currently has a buy rating on the technology company’s stock.

Several other equities research analysts have also recently weighed in on VRNT. Zacks Investment Research restated a sell rating on shares of Verint Systems in a research report on Saturday, January 11th. BidaskClub upgraded shares of Verint Systems from a sell rating to a hold rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. reduced their price target on shares of Verint Systems from $78.00 to $73.00 in a research report on Thursday, December 5th. TheStreet upgraded shares of Verint Systems from a c+ rating to a b- rating in a research report on Thursday, December 19th. Finally, Goldman Sachs Group started coverage on shares of Verint Systems in a research report on Tuesday, November 12th. They issued a buy rating and a $58.00 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $67.63.

Shares of Verint Systems stock traded down $0.33 on Thursday, hitting $58.24. 513,544 shares of the company traded hands, compared to its average volume of 542,003. The stock has a market capitalization of $3.89 billion, a P/E ratio of 25.10, a price-to-earnings-growth ratio of 1.57 and a beta of 1.10. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.53 and a current ratio of 1.57. Verint Systems has a 52 week low of $42.24 and a 52 week high of $63.94. The business has a 50-day simple moving average of $53.92 and a 200 day simple moving average of $50.74.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Wednesday, December 4th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.35. Verint Systems had a net margin of 3.95% and a return on equity of 13.50%. The firm had revenue of $331.10 million for the quarter, compared to analysts’ expectations of $332.96 million. During the same quarter last year, the business posted $0.85 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Research analysts expect that Verint Systems will post 2.63 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Asset Management L.P. purchased a new position in Verint Systems during the second quarter worth $54,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in Verint Systems by 14.6% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,565 shares of the technology company’s stock worth $84,000 after buying an additional 199 shares during the period. Prospect Capital Advisors LLC purchased a new position in Verint Systems during the second quarter worth $161,000. Zeke Capital Advisors LLC purchased a new position in Verint Systems during the third quarter worth $216,000. Finally, Paloma Partners Management Co purchased a new position in Verint Systems during the second quarter worth $219,000. 96.85% of the stock is owned by institutional investors.

About Verint Systems

Verint Systems Inc provides actionable intelligence solutions worldwide. The company's Customer Engagement Solutions segment offers automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, and digital feedback solutions.

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Analyst Recommendations for Verint Systems (NASDAQ:VRNT)

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