Verint Systems (NASDAQ:VRNT) Stock Rating Upgraded 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.

Other analysts also recently issued research reports about the company. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price target on shares of Verint Systems in a report on Wednesday, January 15th. Jefferies Financial Group raised their target price on Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a report on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.67.

Verint Systems Price Performance

VRNT opened at $25.67 on Tuesday. 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’s 50-day moving average price is $26.50 and its 200 day moving average price is $27.30. Verint Systems has a fifty-two week low of $21.27 and a fifty-two week high of $38.17. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 27.31, a price-to-earnings-growth ratio of 1.09 and a beta of 1.24.

Insider Activity at Verint Systems

In other Verint Systems news, insider Peter Fante sold 16,233 shares of the 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 completion of the transaction, the insider now directly owns 73,314 shares of the company’s stock, valued at approximately $2,017,601.28. This trade represents a 18.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Grant A. Highlander sold 12,880 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $29.25, for a total value of $376,740.00. Following the completion of the sale, the chief financial officer now directly owns 117,137 shares in the company, valued at $3,426,257.25. This represents a 9.91 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Verint Systems

Several large investors have recently made changes to their positions in VRNT. Quarry LP boosted its holdings in Verint Systems by 160.9% during the second quarter. Quarry LP now owns 793 shares of the technology company’s stock worth $26,000 after buying an additional 489 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Verint Systems during the 3rd quarter worth $58,000. KBC Group NV raised its position in shares of Verint Systems by 75.0% during the fourth quarter. KBC Group NV now owns 3,380 shares of the technology company’s stock worth $93,000 after purchasing an additional 1,449 shares during the period. CWM LLC lifted its holdings in shares of Verint Systems by 135.0% during the third quarter. CWM LLC now owns 5,660 shares of the technology company’s stock valued at $143,000 after purchasing an additional 3,251 shares during the last quarter. Finally, Algert Global LLC acquired a new position in shares of Verint Systems in the 2nd quarter valued at $202,000. Institutional investors 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.