Verint Systems (NASDAQ:VRNT) Lowered to Hold Rating by StockNews.com

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

Several other research analysts have also issued reports on the stock. 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price target on shares of Verint Systems in a research note on Wednesday, January 15th. Finally, Jefferies Financial Group increased their price objective 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. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.67.

Verint Systems Stock Down 3.9 %

Shares of Verint Systems stock opened at $24.29 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. The company has a 50-day moving average of $26.12 and a 200 day moving average of $26.31. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 0.97 and a beta of 1.24. Verint Systems has a 1 year low of $21.27 and a 1 year high of $38.17.

Insider Activity

In other news, insider Peter Fante sold 16,233 shares of the firm’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $27.52, for a total transaction of $446,732.16. Following the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Grant A. Highlander sold 12,880 shares of the firm’s stock in a transaction dated 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 directly owns 117,137 shares in the company, valued at approximately $3,426,257.25. The trade was a 9.91 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Institutional Trading of Verint Systems

Institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP bought a new position in shares of Verint Systems in the 4th quarter worth approximately $22,528,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Verint Systems by 491.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 764,498 shares of the technology company’s stock worth $20,985,000 after purchasing an additional 635,334 shares during the period. Invenomic Capital Management LP bought a new position in shares of Verint Systems in the 4th quarter worth approximately $14,653,000. Global Alpha Capital Management Ltd. lifted its stake in shares of Verint Systems by 39.5% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 1,717,703 shares of the technology company’s stock worth $47,151,000 after purchasing an additional 486,000 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Verint Systems by 48.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,263,502 shares of the technology company’s stock worth $34,683,000 after purchasing an additional 412,655 shares during the period. Hedge funds and other institutional investors own 94.95% of the company’s stock.

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.