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

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

Other equities analysts have also recently issued reports about the company. Needham & Company LLC reissued a “buy” rating and set a $40.00 price target on shares of Verint Systems in a report on Friday, January 10th. Jefferies Financial Group increased their price objective on shares of Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 target price on shares of Verint Systems in a report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.67.

Verint Systems Price Performance

Shares of NASDAQ:VRNT opened at $25.61 on Tuesday. The business has a 50-day simple moving average of $26.55 and a two-hundred day simple moving average of $27.29. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 1.09 and a beta of 1.24. Verint Systems has a fifty-two week low of $21.27 and a fifty-two week high of $38.17.

Insiders Place Their Bets

In other Verint Systems 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 sale, the chief financial officer now owns 117,137 shares in the company, valued at $3,426,257.25. This trade represents a 9.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Peter Fante sold 16,233 shares of the company’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $27.52, for a total transaction of $446,732.16. Following the completion of the transaction, the insider now owns 73,314 shares in the company, valued at approximately $2,017,601.28. The trade was 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 currently owned by insiders.

Institutional Trading of Verint Systems

A number of hedge funds have recently added to or reduced their stakes in the business. Quarry LP raised its stake in Verint Systems by 160.9% in the second 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. Quantbot Technologies LP purchased a new stake in shares of Verint Systems during the third quarter valued at about $58,000. KBC Group NV raised its stake in shares of Verint Systems by 75.0% during the 4th quarter. KBC Group NV now owns 3,380 shares of the technology company’s stock worth $93,000 after acquiring an additional 1,449 shares in the last quarter. CWM LLC boosted its stake in Verint Systems by 135.0% in the third quarter. CWM LLC now owns 5,660 shares of the technology company’s stock valued at $143,000 after acquiring an additional 3,251 shares in the last quarter. Finally, Algert Global LLC acquired a new position in shares of Verint Systems during the second quarter worth $202,000. 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.