Verint Systems (NASDAQ:VRNT) Rating Lowered to “Hold” at StockNews.com

Verint Systems (NASDAQ:VRNT) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

VRNT has been the topic of a number of other reports. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price target on shares of Verint Systems in a research note on Wednesday. Jefferies Financial Group boosted their target price on Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of Verint Systems in a research note on Friday, January 10th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $38.00 price objective on shares of Verint Systems in a research note on Thursday, September 26th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.67.

Verint Systems Stock Down 2.9 %

Shares of NASDAQ:VRNT opened at $24.36 on Wednesday. The business has a 50-day moving average price of $26.37 and a 200 day moving average price of $27.75. Verint Systems has a 12-month low of $21.27 and a 12-month high of $38.17. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 1.09 and a beta of 1.24.

Insider Buying and Selling 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 directly owns 73,314 shares in the company, valued at approximately $2,017,601.28. This represents a 18.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Grant A. Highlander sold 12,880 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now directly 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 currently owned by corporate insiders.

Institutional Investors Weigh In On Verint Systems

A number of large investors have recently modified their holdings of the company. Quarry LP lifted its position in shares of 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 purchasing an additional 489 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Verint Systems in the third quarter valued at $58,000. CWM LLC lifted its holdings in Verint Systems by 135.0% during the 3rd quarter. CWM LLC now owns 5,660 shares of the technology company’s stock worth $143,000 after buying an additional 3,251 shares during the last quarter. Central Pacific Bank Trust Division boosted its position in shares of Verint Systems by 29.9% during the 4th quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company’s stock worth $194,000 after acquiring an additional 1,630 shares in the last quarter. Finally, Algert Global LLC acquired a new position in shares of Verint Systems during the 2nd quarter worth about $202,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

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.