Nice Systems Ltd. (NASDAQ:NICE) has been given a $80.00 price objective by equities researchers at Barclays PLC in a report released on Friday. The brokerage currently has a “hold” rating on the technology company’s stock. Barclays PLC’s price target would suggest a potential upside of 4.47% from the stock’s current price.

Several other analysts have also commented on NICE. Zacks Investment Research raised shares of Nice Systems from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 19th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $80.00 target price on shares of Nice Systems in a research note on Friday, May 12th. Citigroup Inc. started coverage on shares of Nice Systems in a research note on Wednesday, June 7th. They set a “neutral” rating and a $82.00 target price for the company. Finally, BidaskClub lowered shares of Nice Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $79.71.

Nice Systems (NICE) opened at 76.58 on Friday. Nice Systems has a 12 month low of $63.72 and a 12 month high of $81.16. The stock has a market capitalization of $4.60 billion, a P/E ratio of 47.27 and a beta of 0.87.

Nice Systems (NASDAQ:NICE) last released its earnings results on Thursday, August 3rd. The technology company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. Nice Systems had a net margin of 7.99% and a return on equity of 11.14%. The business had revenue of $315.30 million during the quarter, compared to analyst estimates of $313.44 million. During the same period in the prior year, the business earned $0.79 earnings per share. The business’s quarterly revenue was up 33.9% on a year-over-year basis. On average, analysts forecast that Nice Systems will post $4.00 EPS for the current year.

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Large investors have recently modified their holdings of the stock. Janus Capital Management LLC increased its stake in shares of Nice Systems by 6.5% in the first quarter. Janus Capital Management LLC now owns 4,482,834 shares of the technology company’s stock valued at $304,743,000 after buying an additional 273,959 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Nice Systems by 2.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,069,168 shares of the technology company’s stock valued at $276,623,000 after buying an additional 86,117 shares during the period. OppenheimerFunds Inc. increased its stake in shares of Nice Systems by 30.0% in the first quarter. OppenheimerFunds Inc. now owns 2,294,826 shares of the technology company’s stock valued at $156,002,000 after buying an additional 529,620 shares during the period. Neuberger Berman Group LLC increased its stake in shares of Nice Systems by 1.4% in the first quarter. Neuberger Berman Group LLC now owns 1,336,898 shares of the technology company’s stock valued at $90,882,000 after buying an additional 18,821 shares during the period. Finally, Rivulet Capital LLC increased its stake in shares of Nice Systems by 1.5% in the first quarter. Rivulet Capital LLC now owns 968,520 shares of the technology company’s stock valued at $65,840,000 after buying an additional 14,300 shares during the period. Institutional investors and hedge funds own 43.70% 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.

Analyst Recommendations for Nice Systems (NASDAQ:NICE)

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