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

StockNews.com downgraded shares of Verint Systems (NASDAQ:VRNT) from a buy rating to a hold rating in a research report sent to investors on Sunday morning.

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 note on Wednesday, January 15th. Jefferies Financial Group increased their price target on Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Finally, Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a 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 MarketBeat, Verint Systems currently has an average rating of “Moderate Buy” and an average price target of $35.67.

Verint Systems Stock Down 2.0 %

Shares of VRNT opened at $23.86 on Friday. The firm has a fifty day moving average price of $25.92 and a 200-day moving average price of $26.14. 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 firm has a market capitalization of $1.49 billion, a P/E ratio of 25.38, a P/E/G 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.

Insider Activity

In related news, insider Peter Fante sold 16,233 shares of the stock in a transaction that occurred 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 sale, the insider now owns 73,314 shares of the company’s stock, valued at $2,017,601.28. This represents a 18.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Grant A. Highlander sold 12,880 shares of Verint Systems stock in a transaction on Wednesday, December 18th. The stock was 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 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. Company insiders own 1.70% of the company’s stock.

Institutional Trading of Verint Systems

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Plato Investment Management Ltd acquired a new position in Verint Systems during the 4th quarter valued at about $43,000. Parkside Financial Bank & Trust purchased a new stake in shares of Verint Systems during the fourth quarter worth about $52,000. Headlands Technologies LLC acquired a new position in shares of Verint Systems during the fourth quarter valued at about $52,000. Sterling Capital Management LLC raised its position in shares of Verint Systems by 808.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company’s stock valued at $53,000 after purchasing an additional 1,713 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Verint Systems by 45.7% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

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.