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

Verint Systems (NASDAQ:VRNT) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Several other equities analysts have also commented on the stock. Jefferies Financial Group raised 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. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 price target on shares of Verint Systems in a research report on Wednesday, January 15th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of Verint Systems in a research report on Friday, January 10th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Verint Systems currently has a consensus rating of “Moderate Buy” and an average price target of $35.67.

Verint Systems Price Performance

Shares of Verint Systems stock opened at $22.29 on Tuesday. Verint Systems has a twelve month low of $21.28 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 50-day simple moving average of $25.53 and a two-hundred day simple moving average of $25.88. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 0.97 and a beta of 1.24.

Insiders Place Their Bets

In related news, CFO Grant A. Highlander sold 12,880 shares of the 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 completion of the transaction, the chief financial officer now owns 117,137 shares in the company, valued at approximately $3,426,257.25. This represents a 9.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Peter Fante sold 16,233 shares of the company’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 directly owns 73,314 shares in the company, valued at approximately $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. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Verint Systems

Several institutional investors have recently added to or reduced their stakes in VRNT. Asset Management One Co. Ltd. lifted its holdings in shares of Verint Systems by 3.6% in the third quarter. Asset Management One Co. Ltd. now owns 84,111 shares of the technology company’s stock worth $2,131,000 after buying an additional 2,894 shares in the last quarter. Gladius Capital Management LP grew its position in Verint Systems by 96.7% during the third quarter. Gladius Capital Management LP now owns 26,991 shares of the technology company’s stock valued at $684,000 after acquiring an additional 13,267 shares during the last quarter. Quest Partners LLC grew its position in Verint Systems by 1,057.0% during the third quarter. Quest Partners LLC now owns 25,385 shares of the technology company’s stock valued at $643,000 after acquiring an additional 23,191 shares during the last quarter. Lingohr Asset Management GmbH grew its holdings in shares of Verint Systems by 3.7% in the third quarter. Lingohr Asset Management GmbH now owns 20,012 shares of the technology company’s stock worth $507,000 after purchasing an additional 712 shares during the last quarter. Finally, Banque Cantonale Vaudoise grew its holdings in shares of Verint Systems by 5.6% in the third quarter. Banque Cantonale Vaudoise now owns 58,306 shares of the technology company’s stock worth $1,477,000 after purchasing an additional 3,083 shares during the last quarter. 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.