Verint Systems Inc. (NASDAQ:VRNT) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Verint Systems Inc. (NASDAQ:VRNT) have earned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $35.67.

A number of equities analysts recently weighed in on the company. Jefferies Financial Group increased their price target on Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a report on Thursday, December 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a report on Friday. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a report on Monday, January 6th. Finally, Wedbush restated an “outperform” rating and set a $38.00 target price on shares of Verint Systems in a research report on Thursday, September 26th.

Insider Transactions at Verint Systems

In other Verint Systems news, CFO Grant A. Highlander sold 12,880 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $29.25, for a total value of $376,740.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter Fante sold 16,233 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 73,314 shares in the company, valued at approximately $2,017,601.28. This trade represents a 18.13 % 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 corporate insiders.

Institutional Trading of Verint Systems

Several institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp raised its stake in Verint Systems by 1.5% in the third quarter. State Street Corp now owns 1,573,801 shares of the technology company’s stock valued at $39,864,000 after buying an additional 23,400 shares during the period. Global Alpha Capital Management Ltd. grew its position in Verint Systems by 22.6% during the third quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company’s stock worth $31,199,000 after buying an additional 227,000 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Verint Systems by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company’s stock valued at $38,004,000 after purchasing an additional 4,034 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Verint Systems by 4,185,900.0% in the 2nd quarter. Acadian Asset Management LLC now owns 41,860 shares of the technology company’s stock valued at $1,345,000 after purchasing an additional 41,859 shares in the last quarter. Finally, L & S Advisors Inc bought a new position in shares of Verint Systems in the 2nd quarter valued at $1,603,000. Institutional investors own 94.95% of the company’s stock.

Verint Systems Trading Down 1.3 %

Shares of VRNT stock opened at $24.91 on Thursday. The stock has a 50-day simple moving average of $26.27 and a 200 day simple moving average of $27.81. Verint Systems has a fifty-two week low of $21.27 and a fifty-two week high of $38.17. The stock has a market capitalization of $1.55 billion, a P/E ratio of 26.50, a P/E/G ratio of 1.25 and a beta of 1.24. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47.

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.