Verint Systems (NASDAQ:VRNT) Earns “Buy” Rating from Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Verint Systems (NASDAQ:VRNT) in a report issued on Friday,Benzinga reports. Needham & Company LLC currently has a $40.00 price target on the technology company’s stock.

A number of other research firms also recently issued reports on VRNT. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a report on Thursday, December 5th. Jefferies Financial Group lifted their price target on shares of Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a report on Friday, December 6th. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a report on Monday, January 6th. Finally, Wedbush restated an “outperform” rating and issued a $38.00 target price on shares of Verint Systems in a research note on Thursday, September 26th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $35.67.

Verint Systems Stock Up 0.8 %

Shares of NASDAQ:VRNT opened at $25.23 on Friday. Verint Systems has a 1 year low of $21.27 and a 1 year high of $38.17. The company has a market capitalization of $1.57 billion, a PE ratio of 26.84, a price-to-earnings-growth ratio of 1.25 and a beta of 1.24. The business has a fifty day moving average price of $26.13 and a two-hundred day moving average price of $27.99. 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 Activity at Verint Systems

In related news, insider Peter Fante sold 16,233 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were 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 of the company’s stock, valued at approximately $2,017,601.28. This represents a 18.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Grant A. Highlander sold 12,880 shares of the firm’s 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 completion of the transaction, the chief financial officer now directly owns 117,137 shares of the company’s stock, valued at approximately $3,426,257.25. The trade was a 9.91 % 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 institutional investors and hedge funds have recently modified their holdings of VRNT. State Street Corp increased its position in shares of Verint Systems by 1.5% in the third quarter. State Street Corp now owns 1,573,801 shares of the technology company’s stock worth $39,864,000 after purchasing an additional 23,400 shares during the last quarter. Global Alpha Capital Management Ltd. grew its stake in 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 buying an additional 227,000 shares in the last quarter. Geode Capital Management LLC increased its holdings 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 worth $38,004,000 after buying an additional 4,034 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Verint Systems by 4,185,900.0% during the 2nd quarter. Acadian Asset Management LLC now owns 41,860 shares of the technology company’s stock valued at $1,345,000 after buying an additional 41,859 shares in the last quarter. Finally, L & S Advisors Inc bought a new stake in shares of Verint Systems during the 2nd quarter worth $1,603,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.

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.