StockNews.com Begins Coverage on Verint Systems (NASDAQ:VRNT)

StockNews.com began coverage on shares of Verint Systems (NASDAQ:VRNT – Get Rating) in a research report released on Thursday. The brokerage issued a hold rating on the technology company’s stock.

Several other research analysts have also commented on VRNT. Royal Bank of Canada cut their price objective on Verint Systems from $58.00 to $48.00 in a research report on Thursday, December 8th. Wedbush dropped their target price on Verint Systems from $56.00 to $45.00 and set an outperform rating on the stock in a research report on Thursday, December 8th. Needham & Company LLC dropped their target price on Verint Systems from $61.00 to $50.00 and set a buy rating on the stock in a research report on Thursday, December 8th. Evercore ISI dropped their target price on Verint Systems to $50.00 in a research report on Monday, December 12th. Finally, Oppenheimer dropped their target price on Verint Systems to $50.00 in a research report on Monday, December 12th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $48.89.

Verint Systems Price Performance

NASDAQ:VRNT opened at $35.90 on Thursday. The business’s 50-day moving average is $37.56 and its two-hundred day moving average is $37.22. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.38 and a quick ratio of 1.36. Verint Systems has a 12 month low of $31.63 and a 12 month high of $56.39.

Insider Buying and Selling

In related news, insider Peter Fante sold 8,202 shares of Verint Systems stock in a transaction dated Thursday, December 22nd. The stock was sold at an average price of $35.11, for a total value of $287,972.22. Following the completion of the transaction, the insider now directly owns 38,766 shares in the company, valued at $1,361,074.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Verint Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. boosted its stake in Verint Systems by 2.6% in the fourth quarter. Macquarie Group Ltd. now owns 1,338,811 shares of the technology company’s stock valued at $48,572,000 after acquiring an additional 34,366 shares during the period. Mcmorgan & Co. LLC boosted its stake in Verint Systems by 38.8% in the fourth quarter. Mcmorgan & Co. LLC now owns 39,786 shares of the technology company’s stock valued at $1,443,000 after acquiring an additional 11,128 shares during the period. Legal & General Group Plc boosted its stake in Verint Systems by 1.6% in the fourth quarter. Legal & General Group Plc now owns 58,965 shares of the technology company’s stock valued at $2,139,000 after acquiring an additional 925 shares during the period. Mackenzie Financial Corp boosted its stake in Verint Systems by 127.9% in the fourth quarter. Mackenzie Financial Corp now owns 17,091 shares of the technology company’s stock valued at $620,000 after acquiring an additional 9,592 shares during the period. Finally, Norges Bank acquired a new position in Verint Systems in the fourth quarter valued at approximately $23,448,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Verint Systems Company Profile

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Verint Systems, Inc engages in providing actionable intelligence. It operates through the following segments: Customer Engagement Solutions and Cyber Intelligence Solutions. The Customer Engagement segment includes customer-centric organizations optimize customer engagement, increase customer loyalty, and maximize revenue opportunities, while generating operational efficiencies, reducing cost, and mitigating risk.