Needham & Company LLC reissued their buy rating on shares of Verint Systems (NASDAQ:VRNT) in a research report sent to investors on Thursday morning, AnalystRatings.com reports. They currently have a $57.00 price objective on the technology company’s stock. The analysts noted that the move was a valuation call.

VRNT has been the subject of a number of other research reports. TheStreet cut shares of Verint Systems from a b- rating to a c+ rating in a research note on Thursday, September 19th. Zacks Investment Research lowered shares of Verint Systems from a hold rating to a sell rating in a research note on Tuesday, November 26th. Goldman Sachs Group assumed coverage on shares of Verint Systems in a report on Tuesday, November 12th. They issued a buy rating and a $58.00 target price for the company. Jefferies Financial Group lowered their price target on Verint Systems from $72.00 to $67.00 and set a buy rating on the stock in a report on Thursday, September 5th. They noted that the move was a valuation call. Finally, Wedbush reissued a buy rating and set a $70.00 price target on shares of Verint Systems in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $66.38.

NASDAQ:VRNT opened at $51.71 on Thursday. The stock’s 50 day moving average price is $46.66 and its 200 day moving average price is $51.03. The company has a market capitalization of $3.41 billion, a PE ratio of 22.29, a P/E/G ratio of 1.40 and a beta of 1.06. The company has a quick ratio of 1.46, a current ratio of 1.57 and a debt-to-equity ratio of 0.66. Verint Systems has a 52-week low of $39.96 and a 52-week high of $63.94.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Wednesday, December 4th. The technology company reported $0.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.35. The company had revenue of $331.10 million during the quarter, compared to analysts’ expectations of $332.96 million. Verint Systems had a return on equity of 13.50% and a net margin of 3.95%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 earnings per share. As a group, sell-side analysts anticipate that Verint Systems will post 2.62 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of VRNT. Ladenburg Thalmann Financial Services Inc. lifted its position in Verint Systems by 14.6% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,565 shares of the technology company’s stock valued at $84,000 after purchasing an additional 199 shares during the period. Creative Planning raised its stake in shares of Verint Systems by 5.3% during the 2nd quarter. Creative Planning now owns 8,413 shares of the technology company’s stock worth $452,000 after buying an additional 420 shares in the last quarter. AGF Investments Inc. raised its stake in shares of Verint Systems by 6.2% during the 2nd quarter. AGF Investments Inc. now owns 10,457 shares of the technology company’s stock worth $562,000 after buying an additional 611 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Verint Systems by 2.5% in the 2nd quarter. Asset Management One Co. Ltd. now owns 31,920 shares of the technology company’s stock valued at $1,717,000 after buying an additional 790 shares during the period. Finally, Metropolitan Life Insurance Co NY lifted its holdings in shares of Verint Systems by 4.2% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 21,074 shares of the technology company’s stock valued at $902,000 after buying an additional 857 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

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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