Verint Systems Inc. (NASDAQ:VRNT) hit a new 52-week high on Monday . The stock traded as high as $63.94 and last traded at $62.19, with a volume of 18487 shares traded. The stock had previously closed at $63.81.
VRNT has been the topic of several analyst reports. TheStreet cut Verint Systems from a “b-” rating to a “c+” rating in a research note on Thursday, January 3rd. Jefferies Financial Group initiated coverage on Verint Systems in a research note on Thursday, January 10th. They set a “buy” rating and a $53.00 price objective on the stock. Wedbush reissued a “buy” rating on shares of Verint Systems in a research note on Monday, January 14th. ValuEngine raised Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, January 17th. Finally, BidaskClub raised Verint Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Verint Systems has an average rating of “Buy” and a consensus target price of $62.57.
The company has a debt-to-equity ratio of 0.62, a current ratio of 1.52 and a quick ratio of 1.48. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 2.09 and a beta of 1.20.
In other news, CFO Douglas Robinson sold 3,757 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $62.86, for a total transaction of $236,165.02. Following the transaction, the chief financial officer now owns 170,878 shares of the company’s stock, valued at $10,741,391.08. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.40% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in VRNT. Enlightenment Research LLC bought a new position in shares of Verint Systems during the fourth quarter valued at approximately $25,000. Quantamental Technologies LLC bought a new position in shares of Verint Systems during the fourth quarter valued at approximately $28,000. First Hawaiian Bank grew its stake in shares of Verint Systems by 56.6% during the fourth quarter. First Hawaiian Bank now owns 1,146 shares of the technology company’s stock valued at $48,000 after buying an additional 414 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of Verint Systems during the first quarter valued at approximately $60,000. Finally, Psagot Investment House Ltd. boosted its holdings in shares of Verint Systems by 123.7% in the fourth quarter. Psagot Investment House Ltd. now owns 5,512 shares of the technology company’s stock valued at $137,000 after purchasing an additional 3,048 shares during the period. 95.29% of the stock is currently owned by hedge funds and other institutional investors.
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About Verint Systems (NASDAQ:VRNT)
Verint Systems Inc provides actionable intelligence solutions and value-added services worldwide. Its Customer Engagement Solutions segment provides automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, digital feedback, email engagement, employee desktop, enterprise feedback, financial compliance, full-time recording, gamification, identity analytics, internal communities, knowledge management, mobile workforce, performance management, robotic process automation, social analytics, speech and text analytics, virtual assistant, voice self-service, voice self-service fraud detection, Web/mobile self-service, work manager, and workforce management solutions.
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