Verint Systems (NASDAQ:VRNT) Stock Rating Upgraded by StockNews.com

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

Several other equities research analysts also recently issued reports on the company. Jefferies Financial Group raised their price target on Verint Systems from $28.00 to $34.00 and gave the company a "hold" rating in a report on Friday, December 6th. Needham & Company LLC restated a "buy" rating and set a $40.00 target price on shares of Verint Systems in a research note on Friday, January 10th. Finally, 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. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $35.67.

Verint Systems Stock Performance

Shares of VRNT traded up $0.91 during midday trading on Wednesday, reaching $21.75. The stock had a trading volume of 908,394 shares, compared to its average volume of 722,972. The firm has a market cap of $1.35 billion, a PE ratio of 23.14, a P/E/G ratio of 0.97 and a beta of 1.29. The firm has a 50 day simple moving average of $24.76 and a 200-day simple moving average of $25.39. Verint Systems has a one year low of $20.67 and a one year high of $38.17. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47.

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Insider Buying and Selling

In other Verint Systems news, 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 transaction of $446,732.16. Following the transaction, the insider now owns 73,314 shares in the company, valued at $2,017,601.28. This trade represents a 18.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Grant A. Highlander sold 12,880 shares of the company's 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 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 disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Verint Systems

Large investors have recently bought and sold shares of the company. Clark Capital Management Group Inc. lifted its holdings in shares of Verint Systems by 0.4% during the 4th quarter. Clark Capital Management Group Inc. now owns 142,398 shares of the technology company's stock worth $3,909,000 after acquiring an additional 515 shares during the period. PNC Financial Services Group Inc. lifted its stake in 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 purchasing an additional 613 shares during the last quarter. Lingohr Asset Management GmbH boosted its holdings in shares of Verint Systems by 3.7% in the 3rd quarter. Lingohr Asset Management GmbH now owns 20,012 shares of the technology company's stock valued at $507,000 after purchasing an additional 712 shares in the last quarter. Philadelphia Trust Co. increased its stake in shares of 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 purchasing an additional 1,000 shares during the last quarter. Finally, Swiss National Bank raised its holdings in shares of Verint Systems by 1.2% during the 4th quarter. Swiss National Bank now owns 121,900 shares of the technology company's stock worth $3,346,000 after buying an additional 1,400 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.

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.