Verint Systems’ (VRNT) Buy Rating Reaffirmed at Oppenheimer
Verint Systems (NASDAQ:VRNT)‘s stock had its “buy” rating restated by Oppenheimer in a research note issued on Wednesday. They presently have a $49.00 price objective on the technology company’s stock. Oppenheimer’s price target indicates a potential upside of 18.36% from the company’s current price.
Several other research firms have also recently commented on VRNT. Zacks Investment Research cut Verint Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. BidaskClub cut Verint Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Finally, Deutsche Bank lifted their target price on Verint Systems from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Thursday, September 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Verint Systems has a consensus rating of “Hold” and an average price target of $47.33.
Shares of Verint Systems (NASDAQ VRNT) remained flat at $$41.40 on Wednesday. 425,000 shares of the company’s stock were exchanged, compared to its average volume of 433,509. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.63 and a current ratio of 1.67. Verint Systems has a twelve month low of $34.65 and a twelve month high of $44.70. The stock has a market cap of $2,640.54, a P/E ratio of 25.40, a P/E/G ratio of 2.28 and a beta of 1.26.
Institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Verint Systems by 11.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,655 shares of the technology company’s stock worth $108,000 after purchasing an additional 263 shares during the period. Macquarie Group Ltd. acquired a new position in Verint Systems in the third quarter valued at about $151,000. FNY Managed Accounts LLC acquired a new position in Verint Systems in the third quarter valued at about $164,000. Tower Research Capital LLC TRC acquired a new position in Verint Systems in the second quarter valued at about $179,000. Finally, Strs Ohio grew its stake in Verint Systems by 9.5% in the second quarter. Strs Ohio now owns 4,600 shares of the technology company’s stock valued at $187,000 after acquiring an additional 400 shares during the period. 93.31% of the stock is owned by institutional investors and hedge funds.
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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.
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