Verint Systems (NASDAQ:VRNT) Cut to Hold at StockNews.com

Verint Systems (NASDAQ:VRNT - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Friday.

Other equities analysts have also recently issued reports about the company. Jefferies Financial Group boosted their target price on Verint Systems from $28.00 to $34.00 and gave the stock a "hold" rating in a research report on Friday, December 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $40.00 price target on shares of Verint Systems in a research report on Friday, January 10th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 price target on shares of Verint Systems in a research report on Wednesday, January 15th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $35.67.

Verint Systems Stock Performance

Verint Systems stock traded down $0.41 during mid-day trading on Friday, reaching $25.86. 187,244 shares of the company's stock were exchanged, compared to its average volume of 593,412. The firm has a market capitalization of $1.61 billion, a PE ratio of 27.51, a P/E/G ratio of 1.00 and a beta of 1.24. The business's fifty day simple moving average is $26.75 and its 200 day simple moving average is $26.79. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. Verint Systems has a one year low of $21.27 and a one year high of $38.17.

Insider Transactions at Verint Systems

In other Verint Systems news, insider Peter Fante sold 16,233 shares of the stock in a transaction 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 in the company, valued at approximately $2,017,601.28. This trade represents a 18.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Grant A. Highlander sold 12,880 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $29.25, for a total value of $376,740.00. Following the sale, 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 disclosure for this sale can be found here. Corporate insiders own 1.70% of the company's stock.

Hedge Funds Weigh In On Verint Systems

Hedge funds and other institutional investors have recently modified their holdings of the company. Global Alpha Capital Management Ltd. raised its holdings in Verint Systems by 39.5% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 1,717,703 shares of the technology company's stock worth $47,151,000 after purchasing an additional 486,000 shares during the period. State Street Corp raised its holdings in Verint Systems by 1.5% in the 3rd quarter. State Street Corp now owns 1,573,801 shares of the technology company's stock worth $39,864,000 after purchasing an additional 23,400 shares during the period. Fisher Asset Management LLC raised its holdings in Verint Systems by 26.5% during 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 during the period. Geode Capital Management LLC raised its holdings in Verint Systems by 0.3% during the third quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company's stock valued at $38,004,000 after acquiring an additional 4,034 shares during the period. Finally, William Blair Investment Management LLC raised its holdings in Verint Systems by 2.4% during the fourth quarter. William Blair Investment Management LLC now owns 1,406,682 shares of the technology company's stock valued at $38,613,000 after acquiring an additional 32,682 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.