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 released on Monday.

Several other brokerages have also commented on VRNT. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a research note on Thursday, December 5th. Jefferies Financial Group boosted their target price on Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a report on Thursday, December 5th. Finally, Wedbush reiterated an “outperform” rating and set a $38.00 price objective on shares of Verint Systems in a research note on Thursday, September 26th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock 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 $25.02 on Monday. The stock has a market capitalization of $1.56 billion, a PE ratio of 26.62, a P/E/G ratio of 1.25 and a beta of 1.24. 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 firm has a fifty day moving average of $26.06 and a 200-day moving average of $28.01. Verint Systems has a 52-week low of $21.27 and a 52-week high of $38.17.

Insiders Place Their Bets

In other news, insider Peter Fante sold 16,233 shares of Verint Systems 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 sale, the insider now directly owns 73,314 shares of the company’s stock, valued at approximately $2,017,601.28. The trade was a 18.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Grant A. Highlander sold 12,880 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now owns 117,137 shares in the company, valued at approximately $3,426,257.25. This trade represents a 9.91 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Verint Systems

Institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp raised its holdings in Verint Systems by 1.5% in the third quarter. State Street Corp now owns 1,573,801 shares of the technology company’s stock valued at $39,864,000 after acquiring an additional 23,400 shares in the last quarter. Global Alpha Capital Management Ltd. increased its position in shares of Verint Systems by 22.6% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company’s stock worth $31,199,000 after purchasing an additional 227,000 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Verint Systems by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company’s stock valued at $38,004,000 after purchasing an additional 4,034 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Verint Systems by 4,185,900.0% in the 2nd quarter. Acadian Asset Management LLC now owns 41,860 shares of the technology company’s stock valued at $1,345,000 after purchasing an additional 41,859 shares in the last quarter. Finally, L & S Advisors Inc bought a new position in shares of Verint Systems during the second quarter worth about $1,603,000. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

About Verint Systems

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.