Q3 2016 EPS Estimates for Nice Systems Ltd. Decreased by Analyst (NICE)
Nice Systems Ltd. (NASDAQ:NICE) – Analysts at Imperial Capital lowered their Q3 2016 earnings per share (EPS) estimates for shares of Nice Systems in a note issued to investors on Wednesday. Imperial Capital analyst J. Kessler now anticipates that the brokerage will earn $0.67 per share for the quarter, down from their previous estimate of $0.72. Imperial Capital has a “Outperform” rating and a $74.00 price target on the stock. Imperial Capital also issued estimates for Nice Systems’ Q4 2016 earnings at $0.99 EPS and FY2016 earnings at $3.03 EPS.
Nice Systems (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.04. Nice Systems had a net margin of 27.48% and a return on equity of 13.37%. The firm earned $235.40 million during the quarter, compared to the consensus estimate of $234.79 million. During the same period in the previous year, the firm posted $0.70 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year.
NICE has been the subject of several other research reports. Zacks Investment Research raised shares of Nice Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, October 4th. Oppenheimer Holdings Inc. restated a “buy” rating and issued a $75.00 price objective on shares of Nice Systems in a report on Thursday, June 23rd. JPMorgan Chase & Co. assumed coverage on shares of Nice Systems in a report on Wednesday, June 29th. They issued an “overweight” rating and a $74.00 price objective for the company. JMP Securities restated a “buy” rating on shares of Nice Systems in a report on Wednesday, August 31st. Finally, Chardan Capital assumed coverage on shares of Nice Systems in a report on Wednesday, June 22nd. They issued a “buy” rating and a $63.00 price objective for the company. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $72.75.
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Nice Systems (NASDAQ:NICE) opened at 66.57 on Monday. The stock’s 50 day moving average is $67.20 and its 200-day moving average is $65.09. The firm has a market capitalization of $3.96 billion, a PE ratio of 15.56 and a beta of 1.02. Nice Systems has a one year low of $54.12 and a one year high of $69.46.
Hedge funds and other institutional investors have recently modified their holdings of the company. BB&T Securities LLC acquired a new position in shares of Nice Systems during the first quarter valued at about $204,000. Aureus Asset Management LLC raised its position in shares of Nice Systems by 95.0% in the second quarter. Aureus Asset Management LLC now owns 7,800 shares of the company’s stock valued at $446,000 after buying an additional 3,800 shares during the last quarter. Ranger Investment Management L.P. raised its position in shares of Nice Systems by 117.5% in the second quarter. Ranger Investment Management L.P. now owns 7,810 shares of the company’s stock valued at $499,000 after buying an additional 4,220 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of Nice Systems during the second quarter valued at about $587,000. Finally, Bank of New York Mellon Corp raised its position in shares of 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 valued at $662,000 after buying an additional 407 shares during the last quarter. Institutional investors own 39.65% of the company’s stock.
Nice Systems Company Profile
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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