Verint Systems Inc. (NASDAQ:VRNT) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $35.67.

Several analysts have recently commented on VRNT shares. Royal Bank of Canada restated an "outperform" rating and issued a $36.00 target price on shares of Verint Systems in a research note on Wednesday, January 15th. Needham & Company LLC restated a "buy" rating and set a $40.00 price objective on shares of Verint Systems in a report on Friday, January 10th. StockNews.com cut Verint Systems from a "buy" rating to a "hold" rating in a report on Sunday, February 23rd. Finally, Jefferies Financial Group boosted their price target 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.

Verint Systems Stock Down 0.8 %

NASDAQ:VRNT traded down $0.18 during trading hours on Friday, reaching $22.39. The company had a trading volume of 321,938 shares, compared to its average volume of 713,463. Verint Systems has a twelve month low of $21.28 and a twelve month high of $38.17. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 23.77, a P/E/G ratio of 0.97 and a beta of 1.24. The business's 50-day simple moving average is $25.63 and its two-hundred day simple moving average is $25.96.

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Insider Buying and Selling at Verint Systems

In other news, CFO Grant A. Highlander sold 12,880 shares of the 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 sale, the chief financial officer now 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Peter Fante sold 16,233 shares of the business's stock in a transaction dated Thursday, December 19th. The stock was 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 approximately $2,017,601.28. This trade represents a 18.13 % decrease in their ownership of the stock. 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

Several large investors have recently modified their holdings of the stock. Clark Capital Management Group Inc. grew its holdings in Verint Systems by 0.4% during the fourth quarter. Clark Capital Management Group Inc. now owns 142,398 shares of the technology company's stock valued at $3,909,000 after purchasing an additional 515 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Verint Systems by 45.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company's stock worth $54,000 after acquiring an additional 613 shares during the period. Lingohr Asset Management GmbH increased its holdings in Verint Systems by 3.7% in the 3rd quarter. Lingohr Asset Management GmbH now owns 20,012 shares of the technology company's stock worth $507,000 after acquiring an additional 712 shares during the last quarter. Philadelphia Trust Co. raised its stake in Verint Systems by 0.9% in the 4th quarter. Philadelphia Trust Co. now owns 106,800 shares of the technology company's stock valued at $2,932,000 after acquiring an additional 1,000 shares during the period. Finally, Swiss National Bank lifted its holdings in Verint Systems by 1.2% during the fourth quarter. Swiss National Bank now owns 121,900 shares of the technology company's stock valued at $3,346,000 after purchasing an additional 1,400 shares during the last quarter. Hedge funds and other 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.