Verint Systems (NASDAQ:VRNT) Stock Rating Upgraded by StockNews.com

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

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

Verint Systems Price Performance

VRNT opened at $25.74 on Friday. The firm has a 50-day moving average price of $26.57 and a 200-day moving average price of $26.66. Verint Systems has a twelve month low of $21.27 and a twelve month high of $38.17. 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 company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 1.00 and a beta of 1.24.

Insider Transactions at Verint Systems

In other news, CFO Grant A. Highlander sold 12,880 shares of the firm’s 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 sale, the chief financial officer now owns 117,137 shares in the company, valued at approximately $3,426,257.25. This trade represents a 9.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction of $446,732.16. Following the completion of the transaction, the insider now owns 73,314 shares of the company’s stock, valued at $2,017,601.28. This trade 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

A number of large investors have recently added to or reduced their stakes in the company. Plato Investment Management Ltd purchased a new stake in shares of Verint Systems in the 4th quarter valued at $43,000. Parkside Financial Bank & Trust purchased a new stake in Verint Systems during the fourth quarter valued at about $52,000. Headlands Technologies LLC purchased a new stake in Verint Systems during the fourth quarter valued at about $52,000. Sterling Capital Management LLC grew its stake in shares of Verint Systems by 808.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company’s stock valued at $53,000 after buying an additional 1,713 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Verint Systems by 45.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company’s stock worth $54,000 after buying an additional 613 shares during the period. Hedge funds and other institutional investors own 94.95% of the company’s stock.

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.