Verint Systems (NASDAQ:VRNT) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Verint Systems (NASDAQ:VRNT) from a hold rating to a buy rating in a report issued on Saturday.

VRNT has been the topic of a number of other research reports. Jefferies Financial Group upped their price target on shares of Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a research note on Wednesday, January 15th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a research note 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 company. Based on data from MarketBeat.com, Verint Systems has an average rating of “Moderate Buy” and a consensus target price of $35.67.

Verint Systems Price Performance

NASDAQ VRNT opened at $25.74 on Friday. Verint Systems has a 52-week low of $21.27 and a 52-week high of $38.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. The business has a 50 day simple moving average of $26.48 and a 200 day simple moving average of $26.47. The stock 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 Transactions at Verint Systems

In related news, CFO Grant A. Highlander sold 12,880 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $29.25, for a total value of $376,740.00. Following the transaction, the chief financial officer now owns 117,137 shares in the company, valued at $3,426,257.25. The trade was a 9.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Peter Fante sold 16,233 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $27.52, for a total transaction of $446,732.16. Following the transaction, the insider now owns 73,314 shares in the company, valued at $2,017,601.28. This represents 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.

Hedge Funds Weigh In On Verint Systems

Several hedge funds and other institutional investors have recently bought and sold shares of VRNT. Clark Capital Management Group Inc. lifted its stake in shares of Verint Systems by 0.4% in the 4th 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. lifted 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 worth $54,000 after purchasing an additional 613 shares during the period. Lingohr Asset Management GmbH lifted its stake in shares of Verint Systems by 3.7% in the 3rd 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. lifted its stake in shares of Verint Systems by 0.9% in the 4th 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 lifted its stake in shares of Verint Systems by 1.2% in the 4th 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. 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.