Verint Systems (NASDAQ:VRNT) Receives Outperform Rating from Royal Bank of Canada

Royal Bank of Canada reaffirmed their outperform rating on shares of Verint Systems (NASDAQ:VRNT) in a research note released on Wednesday morning,Benzinga reports. Royal Bank of Canada currently has a $36.00 price objective on the technology company’s stock.

A number of other equities research analysts have also weighed in on VRNT. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a research report on Friday, January 10th. Jefferies Financial Group lifted their price target on shares of 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 shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Monday, January 6th. Finally, Wedbush reiterated an “outperform” rating and set a $38.00 price target on shares of Verint Systems in a research report on Thursday, September 26th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Verint Systems has an average rating of “Moderate Buy” and an average price target of $35.67.

Verint Systems Stock Performance

Shares of NASDAQ:VRNT opened at $25.08 on Wednesday. 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 company has a market cap of $1.56 billion, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 1.09 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 50-day moving average price of $26.37 and a 200-day moving average price of $27.75.

Insiders Place Their Bets

In other news, insider Peter Fante sold 16,233 shares of the company’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 completion of the sale, the insider now directly owns 73,314 shares in the company, valued at $2,017,601.28. This represents a 18.13 % decrease in their position. The transaction was disclosed in a document filed 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 shares were sold at an average price of $29.25, for a total value of $376,740.00. Following the transaction, the chief financial officer now owns 117,137 shares in the company, valued at $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. Corporate insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Quarry LP raised its holdings in shares of Verint Systems by 160.9% during the 2nd quarter. Quarry LP now owns 793 shares of the technology company’s stock worth $26,000 after acquiring an additional 489 shares in the last quarter. Quantbot Technologies LP bought a new stake in Verint Systems during the third quarter worth approximately $58,000. CWM LLC increased its stake in Verint Systems by 135.0% during the third quarter. CWM LLC now owns 5,660 shares of the technology company’s stock worth $143,000 after acquiring an additional 3,251 shares during the last quarter. Central Pacific Bank Trust Division increased its position in shares of 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. Finally, Algert Global LLC purchased a new position in Verint Systems during the second quarter worth $202,000. 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.