Verint Systems (NASDAQ:VRNT) Downgraded by StockNews.com to "Hold"

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

A number of other research analysts also recently issued reports on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $40.00 price objective on shares of Verint Systems in a research report on Friday, January 10th. Royal Bank of Canada reiterated an "outperform" rating and issued a $36.00 price target on shares of Verint Systems in a research note on Wednesday, January 15th. Finally, Jefferies Financial Group increased their price objective on shares of Verint Systems from $28.00 to $34.00 and gave the company a "hold" rating in a research report on Friday, December 6th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Verint Systems currently has an average rating of "Moderate Buy" and an average target price of $35.67.

Verint Systems Trading Up 0.3 %

Shares of NASDAQ:VRNT traded up $0.08 during trading hours on Tuesday, hitting $22.03. 333,022 shares of the company's stock traded hands, compared to its average volume of 715,114. The firm has a market capitalization of $1.37 billion, a P/E ratio of 23.40, a price-to-earnings-growth ratio of 0.97 and a beta of 1.24. The business has a fifty day moving average price of $25.33 and a 200-day moving average price of $25.78. Verint Systems has a 1 year low of $21.13 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.

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Insiders Place Their Bets

In other news, CFO Grant A. Highlander sold 12,880 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $29.25, for a total transaction of $376,740.00. Following the completion of the transaction, the chief financial officer now directly owns 117,137 shares in the company, valued at approximately $3,426,257.25. This represents a 9.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Peter Fante sold 16,233 shares of the company's stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $27.52, for a total transaction of $446,732.16. Following the completion of the transaction, the insider now directly owns 73,314 shares in the company, valued at $2,017,601.28. The trade was a 18.13 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Verint Systems

Several large investors have recently made changes to their positions in VRNT. Plato Investment Management Ltd acquired a new position in Verint Systems during the fourth quarter worth $43,000. Headlands Technologies LLC purchased a new stake in Verint Systems during the 4th quarter worth about $52,000. Parkside Financial Bank & Trust purchased a new position in shares of Verint Systems in the 4th quarter valued at about $52,000. Sterling Capital Management LLC grew its position in shares of Verint Systems by 808.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company's stock worth $53,000 after buying an additional 1,713 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Verint Systems by 45.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company's stock worth $54,000 after buying an additional 613 shares during the period. 94.95% of the stock is currently owned by institutional investors and hedge funds.

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.