Verint Systems Inc. (NASDAQ:VRNT) Receives Average Rating of “Moderate Buy” from Analysts

Verint Systems Inc. (NASDAQ:VRNT) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $35.67.

A number of equities analysts have issued reports on VRNT shares. Needham & Company LLC restated a “buy” rating and set a $40.00 target price on shares of Verint Systems in a research report on Friday, January 10th. StockNews.com cut shares of Verint Systems from a “buy” rating to a “hold” rating in a research report on Tuesday. Royal Bank of Canada restated an “outperform” rating and set a $36.00 target price on shares of Verint Systems in a research report on Wednesday, January 15th. Finally, Jefferies Financial Group boosted their price objective on shares of Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research report on Friday, December 6th.

Insider Activity

In related news, CFO Grant A. Highlander sold 12,880 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $29.25, for a total transaction of $376,740.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Peter Fante sold 16,233 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $27.52, for a total transaction of $446,732.16. Following the transaction, the insider now directly owns 73,314 shares of the company’s stock, valued at $2,017,601.28. This trade represents a 18.13 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Verint Systems

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its stake in Verint Systems by 15.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,479,163 shares of the technology company’s stock worth $68,054,000 after buying an additional 338,454 shares during the period. Global Alpha Capital Management Ltd. grew its stake in Verint Systems by 39.5% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 1,717,703 shares of the technology company’s stock worth $47,151,000 after buying an additional 486,000 shares during the period. Senvest Management LLC grew its stake in Verint Systems by 9.1% during the fourth quarter. Senvest Management LLC now owns 1,577,332 shares of the technology company’s stock worth $43,298,000 after buying an additional 132,102 shares during the period. State Street Corp grew its stake in Verint Systems by 1.5% during the third quarter. State Street Corp now owns 1,573,801 shares of the technology company’s stock worth $39,864,000 after buying an additional 23,400 shares during the period. Finally, Fisher Asset Management LLC grew its stake in Verint Systems by 26.5% during the third quarter. Fisher Asset Management LLC now owns 1,516,409 shares of the technology company’s stock worth $38,411,000 after buying an additional 317,804 shares during the period. Institutional investors and hedge funds own 94.95% of the company’s stock.

Verint Systems Stock Performance

Shares of VRNT opened at $22.21 on Friday. 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 stock has a market cap of $1.38 billion, a P/E ratio of 23.63, a PEG ratio of 0.97 and a beta of 1.24. The company has a 50-day moving average of $25.43 and a two-hundred day moving average of $25.81. Verint Systems has a 12-month low of $21.28 and a 12-month high of $38.17.

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.