Verint Systems (NASDAQ:VRNT) Upgraded to “Buy” at StockNews.com

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

VRNT has been the subject of several other reports. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 target price on shares of Verint Systems in a research note on Thursday, December 5th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a research note on Thursday, December 5th. Wedbush reissued an “outperform” rating and set a $38.00 target price on shares of Verint Systems in a research report on Thursday, September 26th. Finally, Jefferies Financial Group upped their target price on Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Verint Systems has an average rating of “Moderate Buy” and a consensus price target of $35.67.

Verint Systems Stock Performance

VRNT traded down $0.23 during midday trading on Monday, reaching $26.55. The company’s stock had a trading volume of 720,275 shares, compared to its average volume of 809,658. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The company has a fifty day simple moving average of $25.92 and a 200 day simple moving average of $28.09. The stock has a market cap of $1.65 billion, a P/E ratio of 28.24, a PEG ratio of 1.25 and a beta of 1.24. Verint Systems has a twelve month low of $21.27 and a twelve month high of $38.17.

Insider Activity at Verint Systems

In related news, insider Peter Fante sold 16,233 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $27.52, for a total transaction of $446,732.16. Following the transaction, the insider now owns 73,314 shares in the company, 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 the SEC website. Also, CFO Grant A. Highlander sold 12,880 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were 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 owns 117,137 shares of the company’s stock, valued at $3,426,257.25. The trade was 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 insiders.

Institutional Trading of Verint Systems

Several hedge funds have recently modified their holdings of VRNT. Rhumbline Advisers lifted its holdings in Verint Systems by 15.0% during the 2nd quarter. Rhumbline Advisers now owns 106,134 shares of the technology company’s stock worth $3,418,000 after buying an additional 13,817 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Verint Systems by 4,185,900.0% in the second quarter. Acadian Asset Management LLC now owns 41,860 shares of the technology company’s stock valued at $1,345,000 after acquiring an additional 41,859 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Verint Systems in the second quarter worth about $138,000. Choreo LLC bought a new stake in Verint Systems during the 2nd quarter worth about $448,000. Finally, American Century Companies Inc. lifted its position in Verint Systems by 20.0% during the 2nd quarter. American Century Companies Inc. now owns 85,766 shares of the technology company’s stock valued at $2,762,000 after purchasing an additional 14,308 shares during the period. 94.95% of the stock is 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.