Verint Systems (NASDAQ:VRNT) Upgraded 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 Saturday morning.

Several other brokerages have also issued reports on VRNT. Jefferies Financial Group lifted their price objective on shares of Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a report on Friday, December 6th. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a report on Wednesday, January 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target 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, Verint Systems presently has a consensus rating of “Moderate Buy” and an average price target of $35.67.

Verint Systems Stock Down 2.0 %

Shares of NASDAQ:VRNT opened at $25.74 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 company has a 50-day moving average price of $26.48 and a 200 day moving average price of $26.47. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 1.00 and a beta of 1.24.

Insider Buying and Selling

In related news, CFO Grant A. Highlander sold 12,880 shares of Verint Systems 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 sale, the chief financial officer now directly owns 117,137 shares in the company, valued at $3,426,257.25. This trade represents a 9.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 sale, the insider now owns 73,314 shares in the company, valued at $2,017,601.28. This represents a 18.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Verint Systems

Several hedge funds and other institutional investors have recently made changes to their positions in VRNT. Clark Capital Management Group Inc. raised its holdings in shares of Verint Systems by 0.4% during the fourth quarter. Clark Capital Management Group Inc. now owns 142,398 shares of the technology company’s stock worth $3,909,000 after purchasing an additional 515 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Verint Systems by 45.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company’s stock worth $54,000 after purchasing an additional 613 shares during the period. Lingohr Asset Management GmbH raised its holdings in shares of Verint Systems by 3.7% during the third 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 period. Philadelphia Trust Co. raised its holdings in shares of Verint Systems by 0.9% during the fourth quarter. Philadelphia Trust Co. now owns 106,800 shares of the technology company’s stock worth $2,932,000 after purchasing an additional 1,000 shares during the period. Finally, Swiss National Bank raised its holdings in shares of Verint Systems by 1.2% during the fourth quarter. Swiss National Bank now owns 121,900 shares of the technology company’s stock worth $3,346,000 after purchasing an additional 1,400 shares during the period. Hedge funds and other 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.