Verint Systems (NASDAQ:VRNT) Upgraded at StockNews.com

StockNews.com upgraded shares of Verint Systems (NASDAQ:VRNTFree Report) from a hold rating to a buy rating in a research note released on Thursday morning.

Several other equities analysts also recently commented on the stock. TheStreet raised shares of Verint Systems from a d+ rating to a c- rating in a report on Wednesday, February 14th. Royal Bank of Canada reaffirmed an outperform rating and set a $36.00 price target on shares of Verint Systems in a research note on Thursday, December 14th. Finally, Needham & Company LLC reaffirmed a buy rating and set a $40.00 price target on shares of Verint Systems in a research note on Tuesday, January 16th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $35.20.

Get Our Latest Stock Analysis on Verint Systems

Verint Systems Price Performance

Shares of NASDAQ:VRNT opened at $30.57 on Thursday. Verint Systems has a 1-year low of $18.41 and a 1-year high of $40.28. The firm’s 50 day simple moving average is $30.01 and its two-hundred day simple moving average is $26.19. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.36 and a quick ratio of 1.33. The company has a market capitalization of $1.93 billion, a P/E ratio of 764.25, a P/E/G ratio of 1.31 and a beta of 1.20.

Insider Buying and Selling at Verint Systems

In other Verint Systems news, CFO Grant A. Highlander sold 2,797 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $27.92, for a total transaction of $78,092.24. Following the transaction, the chief financial officer now owns 80,540 shares in the company, valued at $2,248,676.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Verint Systems news, CFO Grant A. Highlander sold 2,797 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $27.92, for a total transaction of $78,092.24. Following the transaction, the chief financial officer now owns 80,540 shares in the company, valued at $2,248,676.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dan Bodner sold 68,372 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $30.00, for a total transaction of $2,051,160.00. Following the transaction, the chief executive officer now owns 924,102 shares in the company, valued at approximately $27,723,060. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Raymond James & Associates boosted its stake in shares of Verint Systems by 12.1% during the first quarter. Raymond James & Associates now owns 7,821 shares of the technology company’s stock valued at $404,000 after purchasing an additional 843 shares in the last quarter. MetLife Investment Management LLC raised its stake in Verint Systems by 53.6% in the first quarter. MetLife Investment Management LLC now owns 34,707 shares of the technology company’s stock worth $1,794,000 after buying an additional 12,108 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in Verint Systems by 14.5% in the first quarter. Great West Life Assurance Co. Can now owns 3,456 shares of the technology company’s stock worth $190,000 after buying an additional 438 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Verint Systems by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,415,021 shares of the technology company’s stock worth $73,156,000 after buying an additional 24,335 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in Verint Systems in the first quarter worth approximately $2,533,000.

About Verint Systems

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Verint Systems Inc provides customer engagement solutions worldwide. It offers various applications for use in Forecasting and Scheduling, which understands the work needed to meet and exceed customer expectations; Quality and Compliance that uses automation and analytics for customer interactions for attended and self-service channels; Interaction Insights, which extracts insights from structured and unstructured customer interactions and activities; Real-Time Work that supports in-the-moment workforce activities; Engagement Channels, an application for messaging, social, chat, email, and interactive voice response; Conversational AI, an intelligent virtual assistant application to enable human-like conversations across every channel; Knowledge Management, which enables humans and bots to deliver service with tools.

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Analyst Recommendations for Verint Systems (NASDAQ:VRNT)

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