StockNews.com Upgrades Verint Systems (NASDAQ:VRNT) to “Buy”

Verint Systems (NASDAQ:VRNT) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Other research analysts have also recently issued research reports about the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a report on Friday, January 10th. Jefferies Financial Group boosted their price objective on Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price target on shares of Verint Systems in a report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $35.67.

Verint Systems Stock Down 0.2 %

Verint Systems stock opened at $25.61 on Tuesday. Verint Systems has a 52 week low of $21.27 and a 52 week high of $38.17. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 1.09 and a beta of 1.24. The business’s 50-day moving average price is $26.55 and its 200 day moving average price is $27.29. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47.

Insider Buying and Selling at Verint Systems

In other news, CFO Grant A. Highlander sold 12,880 shares of the stock in a transaction on Wednesday, December 18th. The stock was 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 in the company, valued at approximately $3,426,257.25. This represents a 9.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Peter Fante sold 16,233 shares of the business’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 completion of the sale, the insider now owns 73,314 shares in the company, valued at approximately $2,017,601.28. This trade 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 owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP lifted its stake in Verint Systems by 160.9% during the 2nd quarter. Quarry LP now owns 793 shares of the technology company’s stock worth $26,000 after acquiring an additional 489 shares in the last quarter. Lingohr Asset Management GmbH increased its stake in Verint Systems by 3.7% during the 3rd quarter. Lingohr Asset Management GmbH now owns 20,012 shares of the technology company’s stock worth $507,000 after buying an additional 712 shares during the period. The Manufacturers Life Insurance Company boosted its position in Verint Systems by 3.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,427 shares of the technology company’s stock valued at $1,141,000 after buying an additional 1,295 shares during the period. KBC Group NV increased its position in shares of Verint Systems by 75.0% during the fourth quarter. KBC Group NV now owns 3,380 shares of the technology company’s stock worth $93,000 after acquiring an additional 1,449 shares during the period. Finally, Central Pacific Bank Trust Division boosted its holdings in Verint Systems by 29.9% in the fourth quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company’s stock valued at $194,000 after purchasing an additional 1,630 shares during the period. 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.