StockNews.com Upgrades Verint Systems (NASDAQ:VRNT) to Buy

Verint Systems (NASDAQ:VRNT) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Monday.

Several other equities analysts have also recently weighed in on the company. Wedbush reiterated an “outperform” rating and set a $38.00 price objective on shares of Verint Systems in a report on Thursday, September 26th. Jefferies Financial Group lifted their price target on shares of Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a report on Thursday, December 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of Verint Systems in a research report on Thursday, December 5th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $35.67.

Verint Systems Stock Performance

Shares of Verint Systems stock opened at $25.52 on Monday. Verint Systems has a 12 month low of $21.27 and a 12 month high of $38.17. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $1.59 billion, a PE ratio of 27.15, a PEG ratio of 1.25 and a beta of 1.24. The stock’s fifty day simple moving average is $26.00 and its 200 day simple moving average is $28.03.

Insider Transactions at Verint Systems

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

Hedge Funds Weigh In On Verint Systems

A number of large investors have recently made changes to their positions in VRNT. Quarry LP grew its stake in shares of Verint Systems by 160.9% in the second quarter. Quarry LP now owns 793 shares of the technology company’s stock valued at $26,000 after acquiring an additional 489 shares in the last quarter. Lingohr Asset Management GmbH raised its position in shares of Verint Systems by 3.7% in the third quarter. Lingohr Asset Management GmbH now owns 20,012 shares of the technology company’s stock valued at $507,000 after buying an additional 712 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Verint Systems by 3.8% in the second quarter. The Manufacturers Life Insurance Company now owns 35,427 shares of the technology company’s stock valued at $1,141,000 after buying an additional 1,295 shares during the period. Central Pacific Bank Trust Division grew its position 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. Finally, Hennion & Walsh Asset Management Inc. increased its stake in Verint Systems by 4.1% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 42,676 shares of the technology company’s stock worth $1,081,000 after acquiring an additional 1,691 shares during the period. Institutional investors own 94.95% of the company’s stock.

About Verint Systems

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.