StockNews.com Downgrades Verint Systems (NASDAQ:VRNT) to Hold

Verint Systems (NASDAQ:VRNT) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

VRNT has been the subject of several other reports. Jefferies Financial Group lifted their target price on shares of Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a report on Friday, December 6th. Wedbush reiterated an “outperform” rating and issued a $38.00 price objective on shares of Verint Systems in a research report on Thursday, September 26th. 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. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 price target on shares of Verint Systems in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.67.

Verint Systems Stock Down 2.9 %

Verint Systems stock opened at $24.36 on Wednesday. Verint Systems has a 52 week low of $21.27 and a 52 week high of $38.17. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 1.09 and a beta of 1.24. The business’s 50-day moving average price is $26.37 and its 200 day moving average price is $27.75. 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 related news, CFO Grant A. Highlander sold 12,880 shares of the 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 completion of the transaction, the chief financial officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peter Fante sold 16,233 shares of Verint Systems stock in a transaction 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 sale, the insider now directly owns 73,314 shares in the company, valued at approximately $2,017,601.28. This trade represents a 18.13 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Rhumbline Advisers grew its holdings in Verint Systems by 15.0% in the 2nd quarter. Rhumbline Advisers now owns 106,134 shares of the technology company’s stock valued at $3,418,000 after buying an additional 13,817 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Verint Systems by 20.0% in the second quarter. American Century Companies Inc. now owns 85,766 shares of the technology company’s stock valued at $2,762,000 after purchasing an additional 14,308 shares during the period. Dimensional Fund Advisors LP increased its position in Verint Systems by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,918,925 shares of the technology company’s stock worth $61,792,000 after purchasing an additional 73,441 shares during the last quarter. Edgestream Partners L.P. purchased a new position in Verint Systems during the second quarter worth about $619,000. Finally, L & S Advisors Inc acquired a new position in Verint Systems in the 2nd quarter valued at about $1,603,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

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.