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

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

Several other analysts also recently weighed in on VRNT. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of Verint Systems in a research report on Friday, January 10th. Jefferies Financial Group boosted their target price 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, Royal Bank of Canada restated an “outperform” rating and set a $36.00 target price on shares of Verint Systems in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock 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 during trading on Tuesday, reaching $25.67. 366,562 shares of the company’s stock traded hands, compared to its average volume of 696,204. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 27.31, a price-to-earnings-growth ratio of 1.09 and a beta of 1.24. The company’s 50 day simple moving average is $26.50 and its two-hundred day simple moving average is $27.30. 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 12-month low of $21.27 and a 12-month high of $38.17.

Insider Buying and Selling

In other Verint Systems news, CFO Grant A. Highlander sold 12,880 shares of the stock in a transaction on Wednesday, December 18th. The stock was 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 in the company, valued at approximately $3,426,257.25. This represents a 9.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Peter Fante sold 16,233 shares of the firm’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 value of $446,732.16. Following the completion of the transaction, the insider now directly 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 disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

Institutional Trading of Verint Systems

A number of institutional investors and hedge funds have recently bought and sold shares of VRNT. Sei Investments Co. lifted its stake in shares of Verint Systems by 53.7% in the second quarter. Sei Investments Co. now owns 118,780 shares of the technology company’s stock worth $3,825,000 after acquiring an additional 41,515 shares in the last quarter. Marshall Wace LLP acquired a new stake in Verint Systems in the second quarter worth approximately $3,188,000. Squarepoint Ops LLC bought a new stake in shares of Verint Systems in the 2nd quarter worth approximately $1,567,000. Millennium Management LLC lifted its holdings in shares of Verint Systems by 96.5% during the second quarter. Millennium Management LLC now owns 130,962 shares of the technology company’s stock valued at $4,217,000 after purchasing an additional 64,319 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Verint Systems by 3.8% during the second quarter. The Manufacturers Life Insurance Company now owns 35,427 shares of the technology company’s stock valued at $1,141,000 after buying an additional 1,295 shares in the last quarter. Institutional investors and hedge funds 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.