Verint Systems (NASDAQ:VRNT) Upgraded at StockNews.com

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

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

Verint Systems Price Performance

Shares of VRNT opened at $21.75 on Wednesday. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 23.14, a price-to-earnings-growth ratio of 0.97 and a beta of 1.29. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. Verint Systems has a one year low of $20.67 and a one year high of $38.17. The stock’s fifty day moving average is $24.54 and its 200-day moving average is $25.28.

Insider Activity at Verint Systems

In related news, insider Peter Fante sold 16,233 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $27.52, for a total value of $446,732.16. Following the completion of the transaction, the insider now owns 73,314 shares in the company, valued at $2,017,601.28. This trade represents a 18.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Grant A. Highlander sold 12,880 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $29.25, for a total value 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 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 institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp boosted its position in Verint Systems by 142.6% during the 4th quarter. Mackenzie Financial Corp now owns 97,757 shares of the technology company’s stock worth $2,683,000 after acquiring an additional 57,465 shares during the period. Sherbrooke Park Advisers LLC acquired a new stake in Verint Systems during the 4th quarter worth about $768,000. ProShare Advisors LLC boosted its position in Verint Systems by 32.4% during the 4th quarter. ProShare Advisors LLC now owns 22,769 shares of the technology company’s stock worth $625,000 after acquiring an additional 5,571 shares during the period. Man Group plc acquired a new stake in Verint Systems during the 4th quarter worth about $221,000. Finally, Millennium Management LLC boosted its position in Verint Systems by 62.1% during the 4th quarter. Millennium Management LLC now owns 516,438 shares of the technology company’s stock worth $14,176,000 after acquiring an additional 197,893 shares during the period. 94.95% of the stock is currently owned by institutional investors and hedge funds.

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.