Verint Systems (NASDAQ:VRNT) Rating Increased to Buy 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 Monday morning.

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

Verint Systems Stock Down 0.9 %

Verint Systems stock opened at $26.55 on Monday. The company’s 50-day moving average price is $25.92 and its two-hundred day moving average price is $28.09. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. The stock has a market cap of $1.65 billion, a P/E ratio of 28.24, a P/E/G ratio of 1.25 and a beta of 1.24. Verint Systems has a twelve month low of $21.27 and a twelve month high of $38.17.

Insider Buying and Selling at Verint Systems

In other Verint Systems news, CFO Grant A. Highlander sold 12,880 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $29.25, for a total value 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 trade represents a 9.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Peter Fante sold 16,233 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $27.52, for a total value of $446,732.16. Following the sale, the insider now owns 73,314 shares of the company’s stock, valued at approximately $2,017,601.28. This represents a 18.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Verint Systems

Several hedge funds and other institutional investors have recently made changes to their positions in VRNT. Quarry LP boosted its position in 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 buying an additional 489 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Verint Systems during the 3rd quarter valued at $58,000. Ashton Thomas Private Wealth LLC bought a new stake in Verint Systems during the 2nd quarter worth $138,000. CWM LLC grew its position in Verint Systems by 135.0% during the 3rd quarter. CWM LLC now owns 5,660 shares of the technology company’s stock worth $143,000 after acquiring an additional 3,251 shares during the last quarter. Finally, Central Pacific Bank Trust Division increased its holdings in Verint Systems by 29.9% in the 4th quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company’s stock worth $194,000 after purchasing an additional 1,630 shares in the last quarter. 94.95% of the stock is owned by institutional investors.

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.