Zacks Investment Research Upgrades Nice Systems Ltd. (NICE) to “Hold”
Nice Systems Ltd. (NASDAQ:NICE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
According to Zacks, “Nice Systems is the leading provider of Insight from Interactions solutions, based on advanced analytics of unstructured multimedia content from telephony, web, radio and video communications. Nice is the global provider of advanced solutions that enable organizations to extract Insight from Interactions to drive performance. NICE is revolutionizing VoIP interactions management with state-of-the-art solutions for IP contact centers, branches, and command and control centers. NICE’s solutions are changing the way organizations make decisions, helping them improve business and operational performance, address security threats and be proactive. “
Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Nice Systems in a research report on Thursday, June 30th. JMP Securities reiterated a “buy” rating on shares of Nice Systems in a research report on Wednesday, August 31st. Chardan Capital assumed coverage on Nice Systems in a research report on Wednesday, June 22nd. They set a “buy” rating and a $63.00 target price on the stock. Oppenheimer Holdings Inc. reiterated a “buy” rating and set a $75.00 target price on shares of Nice Systems in a research report on Thursday, June 23rd. Finally, Imperial Capital restated an “outperform” rating and issued a $74.00 price objective on shares of Nice Systems in a research report on Sunday, July 17th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $72.75.
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Nice Systems (NASDAQ:NICE) traded up 0.18% during trading on Tuesday, reaching $66.57. The company had a trading volume of 64,194 shares. Nice Systems has a one year low of $54.12 and a one year high of $69.46. The company has a market capitalization of $3.96 billion, a PE ratio of 15.56 and a beta of 1.02. The firm’s 50 day moving average is $67.20 and its 200 day moving average is $65.09.
Nice Systems (NASDAQ:NICE) last released its earnings results on Thursday, July 28th. The company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.04. The company had revenue of $235.40 million for the quarter, compared to the consensus estimate of $234.79 million. Nice Systems had a return on equity of 13.37% and a net margin of 27.48%. Nice Systems’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 earnings per share. On average, equities research analysts predict that Nice Systems will post $3.55 earnings per share for the current year.
Several large investors have recently bought and sold shares of the company. BB&T Securities LLC purchased a new stake in Nice Systems during the first quarter worth approximately $204,000. Aureus Asset Management LLC increased its stake in Nice Systems by 95.0% in the second quarter. Aureus Asset Management LLC now owns 7,800 shares of the company’s stock worth $446,000 after buying an additional 3,800 shares in the last quarter. Ranger Investment Management L.P. increased its stake in Nice Systems by 117.5% in the second quarter. Ranger Investment Management L.P. now owns 7,810 shares of the company’s stock worth $499,000 after buying an additional 4,220 shares in the last quarter. Emerald Acquisition Ltd. purchased a new stake in Nice Systems during the second quarter worth approximately $587,000. Finally, Bank of New York Mellon Corp increased its stake in Nice Systems by 4.1% in the second quarter. Bank of New York Mellon Corp now owns 10,373 shares of the company’s stock worth $662,000 after buying an additional 407 shares in 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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