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 report issued on Monday.

VRNT has been the topic of a number of other research reports. Wedbush reaffirmed an “outperform” rating and issued a $38.00 target price on shares of Verint Systems in a report on Thursday, September 26th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a research report on Thursday, December 5th. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 target price on shares of Verint Systems in a research note on Thursday, December 5th. Finally, Jefferies Financial Group raised their price target on shares of Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.67.

Verint Systems Stock Performance

Shares of Verint Systems stock opened at $25.52 on Monday. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.59 billion, a PE ratio of 27.15, a price-to-earnings-growth ratio of 1.25 and a beta of 1.24. The company has a 50 day moving average of $26.00 and a 200-day moving average of $28.03. Verint Systems has a 1-year low of $21.27 and a 1-year high of $38.17.

Insider Activity

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 completion of the transaction, the chief financial officer now owns 117,137 shares of the company’s stock, valued at approximately $3,426,257.25. This trade represents a 9.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter Fante sold 16,233 shares of Verint Systems 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 transaction, the insider now owns 73,314 shares in the company, valued at approximately $2,017,601.28. This trade represents a 18.13 % decrease in their position. 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

Several institutional investors and hedge funds have recently made changes to their positions in VRNT. Quarry LP lifted its stake in shares of Verint Systems by 160.9% in the second quarter. Quarry LP now owns 793 shares of the technology company’s stock worth $26,000 after acquiring an additional 489 shares during the period. Lingohr Asset Management GmbH raised its holdings in Verint Systems by 3.7% during the 3rd 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. The Manufacturers Life Insurance Company lifted its position in shares of Verint Systems by 3.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,427 shares of the technology company’s stock worth $1,141,000 after purchasing an additional 1,295 shares during the period. Central Pacific Bank Trust Division boosted its stake in shares of Verint Systems by 29.9% in the 4th quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company’s stock valued at $194,000 after purchasing an additional 1,630 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its position in shares of Verint Systems by 4.1% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 42,676 shares of the technology company’s stock worth $1,081,000 after buying an additional 1,691 shares during the period. Institutional investors and hedge funds 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.