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

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

Several other research analysts have also issued reports on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $36.00 target price on shares of Verint Systems in a research report on Wednesday. Jefferies Financial Group upped their price objective on Verint Systems from $28.00 to $34.00 and gave the stock a "hold" rating in a report on Friday, December 6th. Wedbush reiterated an "outperform" rating and set a $38.00 price objective on shares of Verint Systems in a research report on Thursday, September 26th. Finally, Needham & Company LLC restated a "buy" rating and issued a $40.00 target price on shares of Verint Systems in a research report on Friday, January 10th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $35.67.

Verint Systems Price Performance

VRNT stock traded down $0.80 during midday trading on Wednesday, reaching $25.08. The company had a trading volume of 1,059,883 shares, compared to its average volume of 816,320. The firm has a 50-day moving average price of $26.34 and a 200-day moving average price of $27.77. The company has a market capitalization of $1.56 billion, a P/E ratio of 26.68, a P/E/G ratio of 1.25 and a beta of 1.24. 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.

Insider Activity

In other Verint Systems news, insider Peter Fante sold 16,233 shares of Verint Systems 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 transaction, the insider now directly owns 73,314 shares of the company's stock, valued at $2,017,601.28. The trade was a 18.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Grant A. Highlander sold 12,880 shares of the stock in a transaction that occurred 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 directly owns 117,137 shares of the company's stock, valued at approximately $3,426,257.25. This trade represents 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 corporate insiders.

Institutional Investors Weigh In On Verint Systems

A number of large investors have recently added to or reduced their stakes in the company. Quarry LP raised its stake in shares of Verint Systems by 160.9% during the second quarter. Quarry LP now owns 793 shares of the technology company's stock valued at $26,000 after acquiring an additional 489 shares during the last quarter. Quantbot Technologies LP purchased a new position in Verint Systems during the 3rd quarter valued at about $58,000. CWM LLC increased its holdings in Verint Systems by 135.0% during the 3rd quarter. CWM LLC now owns 5,660 shares of the technology company's stock valued at $143,000 after purchasing an additional 3,251 shares during the period. Central Pacific Bank Trust Division raised its position in Verint Systems by 29.9% during the 4th quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company's stock valued at $194,000 after purchasing an additional 1,630 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in Verint Systems in the 2nd quarter worth approximately $202,000. 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.

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