Verint Systems (NASDAQ:VRNT) Upgraded by StockNews.com to Buy Rating

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

VRNT has been the topic of a number of other research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 target price on shares of Verint Systems in a report on Wednesday, January 15th. Jefferies Financial Group raised their price objective on shares of Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a research report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.67.

Verint Systems Stock Down 0.4 %

NASDAQ:VRNT traded down $0.11 on Tuesday, hitting $25.67. The stock had a trading volume of 366,562 shares, compared to its average volume of 696,204. Verint Systems has a 1 year low of $21.27 and a 1 year 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 firm’s fifty day simple moving average is $26.50 and its two-hundred day simple moving average is $27.30. The stock has a market cap of $1.60 billion, a P/E ratio of 27.31, a price-to-earnings-growth ratio of 1.09 and a beta of 1.24.

Insider Activity at Verint Systems

In other news, insider Peter Fante sold 16,233 shares of Verint Systems 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 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 Securities & Exchange Commission, which is available at the SEC website. Also, CFO Grant A. Highlander sold 12,880 shares of Verint Systems stock in a transaction dated 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 directly owns 117,137 shares in the company, valued at $3,426,257.25. This represents a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Verint Systems

Large investors have recently modified their holdings of the stock. State Street Corp increased its holdings in shares of Verint Systems by 1.5% in the 3rd quarter. State Street Corp now owns 1,573,801 shares of the technology company’s stock valued at $39,864,000 after acquiring an additional 23,400 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Verint Systems by 26.5% in the 3rd quarter. Fisher Asset Management LLC now owns 1,516,409 shares of the technology company’s stock worth $38,411,000 after buying an additional 317,804 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Verint Systems by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company’s stock valued at $38,004,000 after buying an additional 4,034 shares during the period. Global Alpha Capital Management Ltd. grew its position in shares of Verint Systems by 22.6% during the 3rd 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 last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its stake 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 during the period. Institutional investors own 94.95% of the company’s stock.

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.