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

StockNews.com lowered shares of Verint Systems (NASDAQ:VRNT) from a buy rating to a hold rating in a report published on Tuesday.

VRNT has been the topic of several other research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a research report on Wednesday, January 15th. Jefferies Financial Group lifted their target price on Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Finally, Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of Verint Systems in a research report on Friday, January 10th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $35.67.

Verint Systems Trading Down 1.7 %

NASDAQ:VRNT opened at $21.95 on Tuesday. Verint Systems has a 52 week low of $21.28 and a 52 week high of $38.17. The firm has a 50-day moving average price of $25.33 and a two-hundred day moving average price of $25.78. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 23.35, a price-to-earnings-growth ratio of 0.97 and a beta of 1.24.

Insider Buying and Selling

In related news, insider Peter Fante sold 16,233 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $27.52, for a total value of $446,732.16. Following the completion of the transaction, the insider now directly owns 73,314 shares of the company’s stock, valued at approximately $2,017,601.28. This trade represents a 18.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Grant A. Highlander sold 12,880 shares of Verint Systems stock in a transaction that occurred on Wednesday, December 18th. The shares were 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 owns 117,137 shares of the company’s stock, valued at $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. 1.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Verint Systems

Hedge funds have recently made changes to their positions in the stock. State Street Corp boosted its stake 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. Global Alpha Capital Management Ltd. boosted its position in shares of Verint Systems by 22.6% in the third quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company’s stock valued at $31,199,000 after acquiring an additional 227,000 shares during the period. Geode Capital Management LLC grew its stake 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 in the last quarter. Quantbot Technologies LP bought a new stake in Verint Systems during the 3rd quarter worth approximately $58,000. Finally, Fort Washington Investment Advisors Inc. OH lifted its stake in Verint Systems by 32.4% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 775,869 shares of the technology company’s stock worth $21,298,000 after purchasing an additional 189,860 shares in the last quarter. 94.95% of the stock is currently owned by hedge funds and other 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.