Verint Systems (NASDAQ:VRNT) Upgraded at StockNews.com

Verint Systems (NASDAQ:VRNT - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Other research analysts have also recently issued reports about the stock. Needham & Company LLC reiterated a "buy" rating and set a $40.00 price target on shares of Verint Systems in a research report on Friday, January 10th. Jefferies Financial Group increased their target price on shares of Verint Systems from $28.00 to $34.00 and gave the company a "hold" rating in a report on Friday, December 6th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $36.00 price target on shares of Verint Systems in a research note on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.67.

Verint Systems Price Performance

VRNT stock traded down $0.10 during mid-day trading on Friday, hitting $25.64. 59,951 shares of the stock were exchanged, compared to its average volume of 565,863. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 1.00 and a beta of 1.24. The business has a fifty day moving average price of $26.48 and a 200 day moving average price of $26.47. Verint Systems has a 12 month low of $21.27 and a 12 month high of $38.17.

Insider Transactions at Verint Systems

In other news, CFO Grant A. Highlander sold 12,880 shares of the business's stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 117,137 shares of the company's stock, valued at approximately $3,426,257.25. The trade was a 9.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter Fante sold 16,233 shares of the firm's stock in a transaction 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 completion of the sale, 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 disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VRNT. Plato Investment Management Ltd purchased a new position in shares of Verint Systems during the fourth quarter valued at about $43,000. Headlands Technologies LLC bought a new stake in Verint Systems during the 4th quarter valued at approximately $52,000. Parkside Financial Bank & Trust bought a new stake in Verint Systems during the 4th quarter valued at approximately $52,000. Sterling Capital Management LLC grew its holdings in shares of Verint Systems by 808.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company's stock worth $53,000 after acquiring an additional 1,713 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of Verint Systems by 45.7% in 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 in the last quarter. 94.95% of the stock is currently 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.