Verint Systems’ (VRNT) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Verint Systems (NASDAQ:VRNT) in a report released on Friday,Benzinga reports. The brokerage currently has a $40.00 price target on the technology company’s stock.

Several other brokerages have also recently weighed in on VRNT. Jefferies Financial Group increased their price objective on Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a report on Friday, December 6th. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a research note on Monday, January 6th. Wedbush reaffirmed an “outperform” rating and issued a $38.00 price objective on shares of Verint Systems in a research note on Thursday, September 26th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $35.67.

Verint Systems Trading Up 0.8 %

VRNT opened at $25.23 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. Verint Systems has a fifty-two week low of $21.27 and a fifty-two week high of $38.17. The company’s 50 day moving average price is $26.13 and its two-hundred day moving average price is $27.99. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 26.84, a PEG ratio of 1.25 and a beta of 1.24.

Insider Transactions at Verint Systems

In other news, insider Peter Fante sold 16,233 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was 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 directly owns 73,314 shares in the company, valued at $2,017,601.28. This trade represents a 18.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Grant A. Highlander sold 12,880 shares of the company’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 value of $376,740.00. Following the transaction, the chief financial officer now directly owns 117,137 shares in the company, valued at approximately $3,426,257.25. This trade represents a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Verint Systems

Hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP increased its stake in Verint Systems by 160.9% during the 2nd quarter. Quarry LP now owns 793 shares of the technology company’s stock valued at $26,000 after purchasing an additional 489 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Verint Systems during the third quarter worth about $58,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Verint Systems in the 2nd quarter worth about $138,000. CWM LLC lifted its position in Verint Systems by 135.0% in the 3rd quarter. CWM LLC now owns 5,660 shares of the technology company’s stock valued at $143,000 after acquiring an additional 3,251 shares in the last quarter. Finally, Central Pacific Bank Trust Division boosted its stake in Verint Systems by 29.9% during the 4th quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company’s stock valued at $194,000 after purchasing an additional 1,630 shares during 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.