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 research note released on Saturday.

VRNT has been the subject of a number of other research reports. Needham & Company LLC restated a “buy” rating and set 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 shares of Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a report on Friday, December 6th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $36.00 price objective 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 issued a buy rating to the company. According to data from MarketBeat.com, Verint Systems has an average rating of “Moderate Buy” and a consensus price target of $35.67.

Verint Systems Stock Down 2.0 %

Shares of NASDAQ:VRNT opened at $25.74 on Friday. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 27.38, a P/E/G ratio of 1.00 and a beta of 1.24. The company has a 50 day moving average of $26.57 and a 200-day moving average of $26.59. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. Verint Systems has a one year low of $21.27 and a one year high of $38.17.

Insider Activity

In other news, insider Peter Fante sold 16,233 shares of the business’s 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 sale, the insider now owns 73,314 shares of the company’s stock, valued at $2,017,601.28. The trade was a 18.13 % decrease in their ownership of the stock. The sale 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 business’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 sale, 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 disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of Verint Systems

Institutional investors have recently made changes to their positions in the business. State Street Corp lifted its position in shares of Verint Systems by 1.5% in the third 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 in the last quarter. Global Alpha Capital Management Ltd. raised 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 worth $31,199,000 after acquiring an additional 227,000 shares in the last quarter. Geode Capital Management LLC raised its position in Verint Systems by 0.3% during the third quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company’s stock worth $38,004,000 after acquiring an additional 4,034 shares in the last quarter. Quantbot Technologies LP bought a new stake in Verint Systems during the third quarter worth $58,000. Finally, Fort Washington Investment Advisors Inc. OH raised its position in Verint Systems by 32.4% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 775,869 shares of the technology company’s stock worth $21,298,000 after acquiring an additional 189,860 shares in the last quarter. Institutional investors own 94.95% of the company’s stock.

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.