Verint Systems (NASDAQ:VRNT) Upgraded at StockNews.com

StockNews.com upgraded shares of Verint Systems (NASDAQ:VRNT) from a hold rating to a buy rating in a research note published on Tuesday morning.

Several other brokerages also recently issued reports on VRNT. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a research note on Wednesday, January 15th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of Verint Systems in a research report on Friday, January 10th. Finally, Jefferies Financial Group lifted their price target on Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a report on Friday, December 6th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $35.67.

Verint Systems Stock Performance

NASDAQ VRNT opened at $25.67 on Tuesday. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 27.31, a price-to-earnings-growth ratio of 1.09 and a beta of 1.24. The business has a fifty day moving average of $26.59 and a 200-day moving average of $27.28. Verint Systems has a fifty-two week low of $21.27 and a fifty-two week high of $38.17. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47.

Insider Activity at Verint Systems

In other Verint Systems news, CFO Grant A. Highlander sold 12,880 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $29.25, for a total value of $376,740.00. Following the completion of the transaction, the chief financial officer now directly owns 117,137 shares of the company’s stock, valued at $3,426,257.25. This represents a 9.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Peter Fante sold 16,233 shares of the stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $27.52, for a total transaction of $446,732.16. Following the transaction, the insider now owns 73,314 shares in the company, valued at $2,017,601.28. This trade represents a 18.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Verint Systems

A number of hedge funds have recently made changes to their positions in the business. Quarry LP raised its position in shares of Verint Systems by 160.9% during the 2nd quarter. Quarry LP now owns 793 shares of the technology company’s stock worth $26,000 after buying an additional 489 shares in the last quarter. Lingohr Asset Management GmbH boosted its position in shares of Verint Systems by 3.7% during the 3rd quarter. Lingohr Asset Management GmbH now owns 20,012 shares of the technology company’s stock valued at $507,000 after purchasing an additional 712 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Verint Systems by 3.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,427 shares of the technology company’s stock worth $1,141,000 after purchasing an additional 1,295 shares during the last quarter. KBC Group NV lifted its stake in Verint Systems by 75.0% during the fourth quarter. KBC Group NV now owns 3,380 shares of the technology company’s stock valued at $93,000 after purchasing an additional 1,449 shares during the last quarter. Finally, Central Pacific Bank Trust Division boosted its holdings in Verint Systems by 29.9% during the fourth quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company’s stock worth $194,000 after buying an additional 1,630 shares in the last quarter. Institutional investors own 94.95% of the company’s stock.

Verint Systems Company Profile

Verint Systems Inc provides customer engagement solutions worldwide. It offers forecasting and scheduling, channels and routing, knowledge management, fraud and security solutions, quality and compliance, analytics and insights, real-time assistance, self-services, financial compliance, and voice pf the consumer solutions.