Nice Systems Ltd. (NICE) Given Average Rating of “Buy” by Analysts
Shares of Nice Systems Ltd. (NASDAQ:NICE) have earned a consensus rating of “Buy” from the eight ratings firms that are presently covering the stock. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $71.60.
Several analysts have commented on the stock. JPMorgan Chase & Co. restated a “buy” rating on shares of Nice Systems in a report on Thursday, June 30th. Zacks Investment Research lowered shares of Nice Systems from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. JMP Securities restated a “buy” rating on shares of Nice Systems in a report on Wednesday, August 31st. 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. Finally, Oppenheimer Holdings Inc. reiterated a “buy” rating and set a $75.00 target price on shares of Nice Systems in a report on Thursday, June 23rd.
Nice Systems (NASDAQ:NICE) traded down 0.37% during trading on Monday, hitting $66.84. The stock had a trading volume of 35,813 shares. Nice Systems has a 1-year low of $54.12 and a 1-year high of $69.46. The company has a market capitalization of $3.98 billion, a P/E ratio of 15.63 and a beta of 1.02. The stock’s 50-day moving average price is $67.04 and its 200-day moving average price is $65.16.
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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 Thomson Reuters’ 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 business earned $235.40 million during the quarter, compared to analyst estimates of $234.79 million. During the same period last year, the business posted $0.70 earnings per share. Nice Systems’s quarterly revenue was up 9.1% compared to the same quarter last year. Analysts expect that Nice Systems will post $3.55 earnings per share for the current year.
Several large investors have recently made changes to their positions in the stock. Eagle Boston Investment Management Inc. purchased a new stake in shares of Nice Systems during the third quarter valued at $203,000. Eagle Asset Management Inc. increased its stake in shares of Nice Systems by 13.6% in the third quarter. Eagle Asset Management Inc. now owns 214,618 shares of the company’s stock valued at $14,366,000 after buying an additional 25,630 shares during the period. Dorsey Wright & Associates increased its stake in shares of Nice Systems by 39.9% in the third quarter. Dorsey Wright & Associates now owns 8,165 shares of the company’s stock valued at $547,000 after buying an additional 2,328 shares during the period. Aureus Asset Management LLC increased its stake 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 period. Finally, Ranger Investment Management L.P. increased its stake 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 period. 39.65% of the stock is owned by institutional investors.
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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