Verint Systems’ (VRNT) “Outperform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of Verint Systems (NASDAQ:VRNT) in a research report report published on Wednesday,Benzinga reports. The brokerage currently has a $36.00 price objective on the technology company’s stock.

A number of other research firms also recently issued reports on VRNT. StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a research note on Monday, January 6th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a report on Friday, January 10th. Jefferies Financial Group raised their price target on shares of Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Finally, Wedbush restated an “outperform” rating and issued a $38.00 price objective on shares of Verint Systems in a research note on Thursday, September 26th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.67.

Verint Systems Trading Up 0.3 %

Shares of Verint Systems stock opened at $24.43 on Wednesday. The stock has a 50 day moving average price of $26.38 and a two-hundred day moving average price of $27.67. 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 stock has a market capitalization of $1.52 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 1.09 and a beta of 1.24.

Insider Buying and Selling at Verint Systems

In other news, insider Peter Fante sold 16,233 shares of the stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $27.52, for a total value of $446,732.16. Following the transaction, the insider now owns 73,314 shares of the company’s stock, valued at $2,017,601.28. This represents a 18.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Grant A. Highlander sold 12,880 shares of the company’s 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 owns 117,137 shares of the company’s stock, valued at $3,426,257.25. This trade represents a 9.91 % decrease in their ownership of the stock. 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 institutional investors have recently modified their holdings of VRNT. Dimensional Fund Advisors LP raised its stake in shares of Verint Systems by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,918,925 shares of the technology company’s stock worth $61,792,000 after acquiring an additional 73,441 shares in the last quarter. State Street Corp raised its position in Verint Systems by 1.5% in the 3rd 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 period. Fisher Asset Management LLC lifted its stake in Verint Systems by 26.5% in the third quarter. Fisher Asset Management LLC now owns 1,516,409 shares of the technology company’s stock worth $38,411,000 after purchasing an additional 317,804 shares during the last quarter. Geode Capital Management LLC lifted its stake in Verint Systems by 0.3% in the third quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company’s stock worth $38,004,000 after purchasing an additional 4,034 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. boosted its position in Verint Systems by 22.6% during the third quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company’s stock valued at $31,199,000 after buying an additional 227,000 shares during the period. 94.95% of the stock is currently owned by 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.