Verint Systems (NASDAQ:VRNT) Downgraded to Hold Rating by StockNews.com

Verint Systems (NASDAQ:VRNT) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Sunday.

Several other brokerages also recently weighed in on VRNT. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 target price on shares of Verint Systems in a research note on Wednesday, January 15th. Jefferies Financial Group lifted their target price on Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of Verint Systems in a research note on Friday, January 10th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Verint Systems has a consensus rating of “Moderate Buy” and an average price target of $35.67.

Verint Systems Trading Up 0.2 %

Shares of NASDAQ VRNT opened at $24.35 on Friday. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 25.90, a price-to-earnings-growth ratio of 0.97 and a beta of 1.24. Verint Systems has a 12-month low of $21.27 and a 12-month 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. The stock’s 50 day simple moving average is $26.03 and its 200 day simple moving average is $26.20.

Insider Transactions at Verint Systems

In other news, insider Peter Fante sold 16,233 shares of the business’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 sale, the insider now owns 73,314 shares of the company’s stock, valued at approximately $2,017,601.28. The trade was a 18.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Grant A. Highlander sold 12,880 shares of the business’s stock in a transaction on 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 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 position. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Institutional Trading of Verint Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp raised its stake in shares of Verint Systems by 142.6% in the 4th quarter. Mackenzie Financial Corp now owns 97,757 shares of the technology company’s stock worth $2,683,000 after buying an additional 57,465 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new position in shares of Verint Systems in the 4th quarter worth $768,000. ProShare Advisors LLC grew its holdings in shares of Verint Systems by 32.4% in the 4th quarter. ProShare Advisors LLC now owns 22,769 shares of the technology company’s stock worth $625,000 after acquiring an additional 5,571 shares during the last quarter. Man Group plc acquired a new position in shares of Verint Systems in the 4th quarter worth $221,000. Finally, Millennium Management LLC grew its holdings in shares of Verint Systems by 62.1% in the 4th quarter. Millennium Management LLC now owns 516,438 shares of the technology company’s stock worth $14,176,000 after acquiring an additional 197,893 shares during the last quarter. Institutional investors 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.