Verint Systems (NASDAQ:VRNT) Lowered to Hold Rating by StockNews.com

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

Other analysts have also issued research reports about the company. Wedbush restated an “outperform” rating and set a $38.00 price target on shares of Verint Systems in a report on Thursday, September 26th. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a research report on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a report on Friday, January 10th. Finally, Jefferies Financial Group lifted their price target on shares of Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Verint Systems has an average rating of “Moderate Buy” and an average target price of $35.67.

Verint Systems Trading Down 3.1 %

Shares of NASDAQ VRNT opened at $25.08 on Wednesday. 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 current ratio of 1.32 and a quick ratio of 1.28. The business’s 50 day moving average is $26.34 and its two-hundred day moving average is $27.77. The stock has a market capitalization of $1.56 billion, a P/E ratio of 26.68, a PEG ratio of 1.09 and a beta of 1.24.

Insider Transactions at Verint Systems

In other news, CFO Grant A. Highlander sold 12,880 shares of Verint Systems stock in a transaction that occurred on 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 approximately $3,426,257.25. The trade was a 9.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Peter Fante sold 16,233 shares of the stock in a transaction that occurred 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 directly owns 73,314 shares in the company, valued at approximately $2,017,601.28. This trade represents a 18.13 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Verint Systems

Hedge funds have recently made changes to their positions in the company. Fisher Asset Management LLC raised its holdings in shares of Verint Systems by 26.5% in the third quarter. Fisher Asset Management LLC now owns 1,516,409 shares of the technology company’s stock valued at $38,411,000 after acquiring an additional 317,804 shares in the last quarter. Global Alpha Capital Management Ltd. raised its holdings in shares of Verint Systems by 22.6% in 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 purchasing an additional 227,000 shares in the last quarter. Disciplined Growth Investors Inc. MN bought a new stake in shares of Verint Systems in the 3rd quarter valued at about $5,083,000. Marshall Wace LLP bought a new position in shares of Verint Systems during the second quarter valued at approximately $3,188,000. Finally, BNP Paribas Financial Markets increased its holdings in Verint Systems by 141.4% during the third quarter. BNP Paribas Financial Markets now owns 151,266 shares of the technology company’s stock valued at $3,832,000 after buying an additional 88,616 shares during the period. 94.95% of the stock is currently owned by hedge funds and other 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.