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

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

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group raised their target price on Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a report on Friday, December 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a research note on Wednesday, January 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a research note on Friday, January 10th. Four equities 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 company has an average rating of “Moderate Buy” and an average target price of $35.67.

Verint Systems Trading Down 3.9 %

Shares of NASDAQ:VRNT opened at $24.29 on Friday. The company has a market capitalization of $1.51 billion, a P/E ratio of 25.84, a P/E/G ratio of 0.97 and a beta of 1.24. Verint Systems has a 1 year low of $21.27 and a 1 year high of $38.17. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. The business’s 50 day simple moving average is $26.12 and its 200 day simple moving average is $26.27.

Insider Activity

In related news, insider Peter Fante sold 16,233 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $2,017,601.28. This trade represents a 18.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Grant A. Highlander sold 12,880 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now 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 position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Verint Systems

Hedge funds and other institutional investors have recently bought and sold shares of the business. Clark Capital Management Group Inc. grew its stake in Verint Systems by 0.4% during the fourth quarter. Clark Capital Management Group Inc. now owns 142,398 shares of the technology company’s stock valued at $3,909,000 after acquiring an additional 515 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Verint Systems by 45.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company’s stock valued at $54,000 after purchasing an additional 613 shares in the last quarter. Lingohr Asset Management GmbH grew its position in shares of Verint Systems by 3.7% during the 3rd quarter. Lingohr Asset Management GmbH now owns 20,012 shares of the technology company’s stock valued at $507,000 after purchasing an additional 712 shares in the last quarter. Philadelphia Trust Co. grew its position in Verint Systems by 0.9% during the fourth quarter. Philadelphia Trust Co. now owns 106,800 shares of the technology company’s stock worth $2,932,000 after buying an additional 1,000 shares in the last quarter. Finally, Swiss National Bank grew its position in Verint Systems by 1.2% during the fourth quarter. Swiss National Bank now owns 121,900 shares of the technology company’s stock worth $3,346,000 after buying an additional 1,400 shares in the last quarter. 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.