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

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

A number of other equities research analysts also recently issued reports on VRNT. 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. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a research report on Wednesday, January 15th. Finally, Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a research report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.67.

Verint Systems Stock Performance

VRNT opened at $20.84 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. Verint Systems has a 52-week low of $20.67 and a 52-week high of $38.17. The firm has a market cap of $1.30 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 0.97 and a beta of 1.29. The business’s fifty day moving average is $24.76 and its 200-day moving average is $25.39.

Insider Activity at Verint Systems

In other Verint Systems news, 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 value 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 represents a 18.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Grant A. Highlander sold 12,880 shares of Verint Systems stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $29.25, for a total value of $376,740.00. Following the sale, the chief financial officer now directly owns 117,137 shares in the company, valued at $3,426,257.25. The trade was a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Plato Investment Management Ltd bought a new stake in Verint Systems during the 4th quarter worth approximately $43,000. Parkside Financial Bank & Trust acquired a new position in shares of Verint Systems during the fourth quarter worth $52,000. Headlands Technologies LLC bought a new stake in shares of Verint Systems in the fourth quarter worth $52,000. Sterling Capital Management LLC increased its holdings in Verint Systems by 808.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company’s stock valued at $53,000 after purchasing an additional 1,713 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in Verint Systems by 45.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company’s stock worth $54,000 after purchasing an additional 613 shares during the last quarter. Institutional investors and hedge funds 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.