Brokerages Set Verint Systems Inc. (NASDAQ:VRNT) Price Target at $35.67

Shares of Verint Systems Inc. (NASDAQ:VRNT) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $35.67.

Several equities analysts have commented on the stock. StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Tuesday, January 28th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a research note on Friday, January 10th. Jefferies Financial Group raised their price objective on shares of Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a research report on Wednesday, January 15th.

Insider Buying and Selling

In related news, CFO Grant A. Highlander sold 12,880 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 117,137 shares of the company’s stock, valued at $3,426,257.25. This represents a 9.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peter Fante sold 16,233 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, 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. 1.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Verint Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp lifted its holdings in shares of Verint Systems by 1.5% in 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 in the last quarter. Global Alpha Capital Management Ltd. lifted its stake in Verint Systems by 22.6% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company’s stock worth $31,199,000 after purchasing an additional 227,000 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Verint Systems by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company’s stock valued at $38,004,000 after purchasing an additional 4,034 shares during the period. Quantbot Technologies LP purchased a new position in shares of Verint Systems during the 3rd quarter valued at $58,000. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Verint Systems by 32.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 775,869 shares of the technology company’s stock worth $21,298,000 after purchasing an additional 189,860 shares during the period. 94.95% of the stock is owned by hedge funds and other institutional investors.

Verint Systems Stock Performance

NASDAQ VRNT opened at $26.27 on Monday. The firm’s fifty day moving average price is $26.67 and its two-hundred day moving average price is $27.03. Verint Systems has a 1 year low of $21.27 and a 1 year high of $38.17. The firm has a market capitalization of $1.64 billion, a P/E ratio of 27.95, a price-to-earnings-growth ratio of 1.10 and a beta of 1.24. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47.

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.