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

StockNews.com upgraded shares of Verint Systems (NASDAQ:VRNT) from a hold rating to a buy rating in a research note released on Tuesday morning.

A number of other research analysts have also recently commented on the company. Royal Bank of Canada restated an outperform rating and set a $36.00 price target on shares of Verint Systems in a research note on Wednesday, June 5th. Needham & Company LLC restated a buy rating and set a $40.00 target price on shares of Verint Systems in a report on Wednesday, July 24th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Verint Systems currently has an average rating of Moderate Buy and an average target price of $35.20.

Verint Systems Stock Performance

Shares of Verint Systems stock opened at $32.33 on Tuesday. The business’s fifty day simple moving average is $33.02 and its 200-day simple moving average is $32.05. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 0.50. The firm has a market cap of $2.00 billion, a PE ratio of 67.35, a price-to-earnings-growth ratio of 1.36 and a beta of 1.26. Verint Systems has a 52 week low of $18.41 and a 52 week high of $38.17.

Verint Systems (NASDAQ:VRNT) last announced its earnings results on Tuesday, June 4th. The technology company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.02). Verint Systems had a return on equity of 16.56% and a net margin of 5.52%. The company had revenue of $221.28 million for the quarter, compared to analysts’ expectations of $214.71 million. Equities analysts forecast that Verint Systems will post 1.99 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Peter Fante sold 4,417 shares of Verint Systems stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $36.60, for a total value of $161,662.20. Following the completion of the transaction, the insider now owns 98,975 shares in the company, valued at $3,622,485. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Dan Bodner sold 375,000 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $33.76, for a total value of $12,660,000.00. Following the completion of the transaction, the chief executive officer now directly owns 609,764 shares of the company’s stock, valued at $20,585,632.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter Fante sold 4,417 shares of Verint Systems stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $36.60, for a total transaction of $161,662.20. Following the sale, the insider now owns 98,975 shares in the company, valued at $3,622,485. The disclosure for this sale can be found here. Insiders sold 381,527 shares of company stock valued at $12,898,762 in the last three months. 1.70% of the stock is owned by corporate insiders.

Institutional Trading of Verint Systems

Several institutional investors and hedge funds have recently made changes to their positions in the company. Trexquant Investment LP acquired a new stake in shares of Verint Systems during the fourth quarter worth about $3,352,000. Charles Schwab Investment Management Inc. raised its stake in shares of Verint Systems by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 616,463 shares of the technology company’s stock worth $16,663,000 after purchasing an additional 24,952 shares during the last quarter. Nomura Holdings Inc. lifted its holdings in shares of Verint Systems by 565.7% during the fourth quarter. Nomura Holdings Inc. now owns 58,250 shares of the technology company’s stock worth $1,574,000 after purchasing an additional 49,500 shares during the period. Norges Bank purchased a new position in Verint Systems in the 4th quarter valued at $18,601,000. Finally, Vanguard Group Inc. increased its stake in Verint Systems by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 7,182,580 shares of the technology company’s stock valued at $194,145,000 after buying an additional 73,592 shares during the period. 94.95% of the stock is owned by hedge funds and other institutional investors.

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.