Verint Systems (NASDAQ:VRNT) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Verint Systems (NASDAQ:VRNT - Free Report) in a research report sent to investors on Friday,Benzinga reports. They currently have a $40.00 price target on the technology company's stock.

Other research analysts have also issued research reports about the stock. StockNews.com upgraded shares of Verint Systems from a "hold" rating to a "buy" rating in a research note on Monday. 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 report on Friday, December 6th. 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. Finally, Wedbush restated an "outperform" rating and issued a $38.00 price target on shares of Verint Systems in a research note on Thursday, September 26th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Verint Systems currently has a consensus rating of "Moderate Buy" and an average price target of $35.67.

Verint Systems Stock Performance

Verint Systems stock traded up $0.21 during mid-day trading on Friday, hitting $25.23. 604,081 shares of the company's stock traded hands, compared to its average volume of 734,864. Verint Systems has a fifty-two week low of $21.27 and a fifty-two week high of $38.17. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 1.25 and a beta of 1.24. The firm has a 50 day simple moving average of $26.13 and a two-hundred day simple moving average of $27.99. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28.

Insider Buying and Selling at Verint Systems

In other Verint Systems news, 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 value of $376,740.00. Following the transaction, the chief financial officer now directly owns 117,137 shares of the company's stock, valued at $3,426,257.25. This trade represents a 9.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peter Fante sold 16,233 shares of the company's stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $27.52, for a total transaction of $446,732.16. Following the sale, the insider now directly owns 73,314 shares of the company's stock, 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. Insiders own 1.70% of the company's stock.

Institutional Investors Weigh In On Verint Systems

A number of large investors have recently modified their holdings of the business. Rhumbline Advisers lifted its position in shares of 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 during the last quarter. Acadian Asset Management LLC increased its position in Verint Systems by 4,185,900.0% during the 2nd quarter. Acadian Asset Management LLC now owns 41,860 shares of the technology company's stock worth $1,345,000 after purchasing an additional 41,859 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Verint Systems in the 2nd quarter valued at approximately $138,000. Choreo LLC acquired a new stake in Verint Systems in the second quarter valued at approximately $448,000. Finally, American Century Companies Inc. grew its stake in shares of Verint Systems by 20.0% during the second quarter. American Century Companies Inc. now owns 85,766 shares of the technology company's stock worth $2,762,000 after buying an additional 14,308 shares during the last quarter. Institutional investors and hedge funds 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.