Verint Systems (NASDAQ:VRNT) Lowered to “Hold” Rating by StockNews.com

StockNews.com cut shares of Verint Systems (NASDAQ:VRNT) from a buy rating to a hold rating in a research report report published on Friday morning.

VRNT has been the topic of a number of other research reports. Jefferies Financial Group increased their target price on Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a research report on Wednesday, January 15th. Finally, Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of Verint Systems in a research report on Friday, January 10th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $35.67.

Verint Systems Stock Performance

Shares of VRNT stock opened at $25.68 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. Verint Systems has a 12-month low of $21.27 and a 12-month high of $38.17. The business’s 50 day moving average is $26.71 and its two-hundred day moving average is $26.96. The company has a market capitalization of $1.60 billion, a P/E ratio of 27.32, a P/E/G ratio of 1.00 and a beta of 1.24.

Insider Transactions at Verint Systems

In related news, CFO Grant A. Highlander sold 12,880 shares of the stock in a transaction that occurred 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 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Peter Fante sold 16,233 shares of Verint Systems stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $27.52, for a total value of $446,732.16. Following the transaction, the insider now owns 73,314 shares in the company, valued at approximately $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 Trading of Verint Systems

A number of hedge funds and other institutional investors have recently modified their holdings of VRNT. Plato Investment Management Ltd acquired a new position in shares of Verint Systems during the 4th quarter valued at about $43,000. Parkside Financial Bank & Trust acquired a new position in Verint Systems in the 4th quarter valued at about $52,000. PNC Financial Services Group Inc. grew its stake in shares of Verint Systems by 45.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company’s stock valued at $54,000 after buying an additional 613 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Verint Systems in the 3rd quarter valued at approximately $58,000. Finally, KBC Group NV increased its holdings in shares of Verint Systems by 75.0% during the 4th quarter. KBC Group NV now owns 3,380 shares of the technology company’s stock worth $93,000 after buying an additional 1,449 shares during the last quarter. 94.95% of the stock is owned by institutional investors and hedge funds.

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.