Verint Systems (NASDAQ:VRNT) Upgraded to “Buy” at StockNews.com

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

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

Verint Systems Stock Down 2.0 %

VRNT stock opened at $25.02 on Monday. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 1.25 and a beta of 1.24. Verint Systems has a 1-year low of $21.27 and a 1-year high of $38.17. The firm has a fifty day moving average price of $26.06 and a two-hundred day moving average price of $28.01. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28.

Insider Transactions at Verint Systems

In related news, 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 transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $446,732.16. Following the completion of the sale, the insider now directly owns 73,314 shares of the company’s stock, valued at $2,017,601.28. The trade was 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 Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VRNT. Quarry LP lifted its position in 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 purchasing an additional 489 shares during the period. Quantbot Technologies LP bought a new stake in shares of Verint Systems in the 3rd quarter worth $58,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Verint Systems in the second quarter valued at $138,000. CWM LLC boosted its stake in 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 buying an additional 3,251 shares in the last quarter. Finally, Central Pacific Bank Trust Division boosted its stake in Verint Systems by 29.9% during the fourth quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company’s stock valued at $194,000 after buying an additional 1,630 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors.

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.