Verint Systems (NASDAQ:VRNT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday, Zacks.com reports. The firm currently has a $55.00 price objective on the technology company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 12.04% from the company’s current price.

According to Zacks, “Verint Systems Inc. is a leading provider of analytic solutions for communications interception, digital video security and surveillance, and enterprise business intelligence. “

Several other research firms have also weighed in on VRNT. Imperial Capital reduced their target price on shares of Verint Systems from $54.00 to $52.00 and set an “outperform” rating on the stock in a report on Thursday, June 11th. Royal Bank of Canada boosted their price target on Verint Systems from $52.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, September 10th. Wedbush increased their price objective on shares of Verint Systems from $53.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, September 10th. Needham & Company LLC upped their target price on shares of Verint Systems from $53.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. Finally, BidaskClub raised shares of Verint Systems from a “hold” rating to a “buy” rating in a research note on Friday, September 11th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Verint Systems presently has a consensus rating of “Buy” and a consensus target price of $59.25.

Shares of NASDAQ VRNT traded up $0.27 on Wednesday, hitting $49.09. The company’s stock had a trading volume of 12,763 shares, compared to its average volume of 532,098. The stock has a 50 day moving average of $46.25 and a 200-day moving average of $44.52. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 204.54, a price-to-earnings-growth ratio of 1.77 and a beta of 0.92. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.26 and a quick ratio of 1.24. Verint Systems has a 12-month low of $32.44 and a 12-month high of $59.83.

Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings data on Wednesday, September 9th. The technology company reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.37. The company had revenue of $313.40 million during the quarter, compared to analysts’ expectations of $299.41 million. Verint Systems had a net margin of 1.51% and a return on equity of 13.19%. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 EPS. Sell-side analysts expect that Verint Systems will post 2.02 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. CSat Investment Advisory L.P. increased its holdings in shares of Verint Systems by 392.5% in the 2nd quarter. CSat Investment Advisory L.P. now owns 783 shares of the technology company’s stock valued at $35,000 after acquiring an additional 624 shares during the last quarter. FinTrust Capital Advisors LLC boosted its holdings in shares of Verint Systems by 106.9% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 1,343 shares of the technology company’s stock valued at $61,000 after buying an additional 694 shares during the period. CWM Advisors LLC acquired a new stake in Verint Systems during the first quarter worth about $215,000. Cigna Investments Inc. New acquired a new position in Verint Systems during the 2nd quarter valued at approximately $229,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Verint Systems during the second quarter valued at approximately $234,000. 95.94% of the stock is currently owned by institutional investors.

Verint Systems Company Profile

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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