Nice Systems Ltd. (NICE) Stock Rating Lowered by Zacks Investment Research
Nice Systems Ltd. (NASDAQ:NICE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” 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. “
NICE has been the topic of several other reports. 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 on the stock. Imperial Capital restated an “outperform” rating and issued a $74.00 price objective on shares of Nice Systems in a report on Wednesday, October 5th. 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 on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $72.75.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/11/nice-systems-ltd-nice-stock-rating-lowered-by-zacks-investment-research.html
Nice Systems (NASDAQ:NICE) opened at 66.98 on Tuesday. Nice Systems has a 12-month low of $54.12 and a 12-month high of $69.46. The firm has a 50-day moving average of $67.18 and a 200 day moving average of $65.11. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 15.66 and a beta of 1.02.
Nice Systems (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.79 EPS for the quarter, topping 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 had revenue of $235.40 million for the quarter, compared to analyst estimates of $234.79 million. During the same period in the prior year, the business posted $0.70 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, analysts predict that Nice Systems will post $3.55 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in NICE. Wells Fargo & Company MN increased its stake in shares of Nice Systems by 29.7% in the fourth quarter. Wells Fargo & Company MN now owns 103,924 shares of the company’s stock worth $5,957,000 after buying an additional 23,775 shares in the last quarter. Janus Capital Management increased its stake in shares of Nice Systems by 29.5% in the third quarter. Janus Capital Management now owns 3,515,788 shares of the company’s stock worth $198,044,000 after buying an additional 801,211 shares in the last quarter. Eagle Asset Management Inc. increased its stake in shares of Nice Systems by 5.2% in the fourth quarter. Eagle Asset Management Inc. now owns 215,519 shares of the company’s stock worth $12,353,000 after buying an additional 10,734 shares in the last quarter. Solaris Asset Management LLC increased its stake in shares of Nice Systems by 15.6% in the fourth quarter. Solaris Asset Management LLC now owns 57,120 shares of the company’s stock worth $3,274,000 after buying an additional 7,716 shares in the last quarter. Finally, Fisher Asset Management increased its stake in shares of Nice Systems by 7.2% in the fourth quarter. Fisher Asset Management now owns 83,837 shares of the company’s stock worth $4,806,000 after buying an additional 5,637 shares in the last quarter. 39.65% of the stock is currently owned by institutional investors.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Nice Systems Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nice Systems Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.