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

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

VRNT has been the topic of several other reports. Jefferies Financial Group boosted 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. Wedbush restated an “outperform” rating and set a $38.00 price target on shares of Verint Systems in a research note on Thursday, September 26th. 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. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $36.00 target price on shares of Verint Systems in a research report on Wednesday. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.67.

Verint Systems Stock Performance

Shares of Verint Systems stock opened at $25.08 on Wednesday. The company has a market capitalization of $1.56 billion, a PE ratio of 26.68, a P/E/G ratio of 1.09 and a beta of 1.24. The company has a 50-day simple moving average of $26.34 and a two-hundred day simple moving average of $27.77. Verint Systems has a one year low of $21.27 and a one year high of $38.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32.

Insider Buying and Selling

In related news, insider Peter Fante sold 16,233 shares of the business’s stock in a transaction on 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Grant A. Highlander sold 12,880 shares of the 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 sale, the chief financial officer now directly owns 117,137 shares in the company, 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 owned by corporate insiders.

Hedge Funds Weigh In On Verint Systems

Institutional investors and hedge funds have recently modified their holdings of the stock. Wedge Capital Management L L P NC raised its position in Verint Systems by 19.1% during the fourth quarter. Wedge Capital Management L L P NC now owns 106,556 shares of the technology company’s stock valued at $2,925,000 after acquiring an additional 17,123 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Verint Systems by 19.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 50,792 shares of the technology company’s stock valued at $1,394,000 after purchasing an additional 8,116 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Verint Systems by 13.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 95,064 shares of the technology company’s stock valued at $2,610,000 after purchasing an additional 11,285 shares during the period. Central Pacific Bank Trust Division boosted its holdings in Verint Systems by 29.9% during the fourth quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company’s stock worth $194,000 after buying an additional 1,630 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in Verint Systems by 9.5% during the third quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company’s stock valued at $968,000 after buying an additional 3,585 shares during the period. Institutional investors and hedge funds own 94.95% of the company’s stock.

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.