Nice Systems’ (NICE) Outperform Rating Reaffirmed at Imperial Capital
Nice Systems Ltd. (NASDAQ:NICE)‘s stock had its “outperform” rating reiterated by Imperial Capital in a research report issued to clients and investors on Wednesday. They currently have a $74.00 target price on the stock. Imperial Capital’s price target points to a potential upside of 11.16% from the stock’s current price.
Several other research analysts have also recently weighed in on NICE. JPMorgan Chase & Co. restated a “buy” rating on shares of Nice Systems in a research note on Thursday, June 30th. Zacks Investment Research cut Nice Systems from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. JMP Securities restated a “buy” rating on shares of Nice Systems in a research note on Wednesday, August 31st. Chardan Capital started coverage on Nice Systems in a research note on Wednesday, June 22nd. They issued a “buy” rating and a $63.00 price target for the company. Finally, Oppenheimer Holdings Inc. restated a “buy” rating and issued a $75.00 price target on shares of Nice Systems in a research note on Thursday, June 23rd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $72.75.
Shares of Nice Systems (NASDAQ:NICE) traded up 0.18% on Wednesday, reaching $66.57. The company’s stock had a trading volume of 64,194 shares. Nice Systems has a 12-month low of $54.12 and a 12-month high of $69.46. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 15.56 and a beta of 1.02. The company’s 50-day moving average is $67.20 and its 200 day moving average is $65.09.
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Nice Systems (NASDAQ:NICE) last released its earnings results on Thursday, July 28th. The company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.04. Nice Systems had a return on equity of 13.37% and a net margin of 27.48%. The business had revenue of $235.40 million for the quarter, compared to the consensus estimate of $234.79 million. During the same period in the previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts anticipate that Nice Systems will post $3.55 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the stock. Janus Capital Management LLC boosted its stake in shares of Nice Systems by 5.6% in the second quarter. Janus Capital Management LLC now owns 4,082,428 shares of the company’s stock worth $260,663,000 after buying an additional 215,720 shares during the last quarter. Investec Asset Management LTD bought a new stake in shares of Nice Systems during the first quarter worth approximately $48,626,000. Penn Capital Management Co. Inc. boosted its stake in shares of Nice Systems by 108.6% in the second quarter. Penn Capital Management Co. Inc. now owns 261,144 shares of the company’s stock worth $16,877,000 after buying an additional 135,949 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in shares of Nice Systems by 20.0% in the second quarter. Eagle Asset Management Inc. now owns 188,988 shares of the company’s stock worth $12,066,000 after buying an additional 31,551 shares during the last quarter. Finally, Menta Capital LLC boosted its stake in shares of Nice Systems by 40.3% in the first quarter. Menta Capital LLC now owns 173,571 shares of the company’s stock worth $11,246,000 after buying an additional 49,895 shares during the last quarter. Institutional investors own 39.65% of the company’s stock.
About Nice Systems
NICE Ltd., formerly NICE-Systems Ltd., is a global enterprise software provider. The Company’s segments include Customer Interactions Solutions, and Financial Crime and Compliance Solutions. The Customer Interactions Solutions segment provides data driven insights that enable businesses to deliver personalized experience to customers.
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