Nice Systems Ltd. (NICE) Price Target Raised to $84.00
Nice Systems Ltd. (NASDAQ:NICE) had its price target increased by Chardan Capital from $76.00 to $84.00 in a research report issued to clients and investors on Monday. The firm presently has a “buy” rating on the technology company’s stock. Chardan Capital’s price target indicates a potential upside of 9.69% from the stock’s previous close.
Other equities analysts have also issued research reports about the stock. Barclays PLC lifted their target price on shares of Nice Systems from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday. Oppenheimer Holdings, Inc. lifted their target price on shares of Nice Systems to $85.00 and gave the company an “outperform” rating in a report on Friday. BidaskClub lowered shares of Nice Systems from a “hold” rating to a “sell” rating in a report on Thursday. Zacks Investment Research upgraded shares of Nice Systems from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 19th. Finally, Citigroup Inc. began coverage on shares of Nice Systems in a report on Wednesday, June 7th. They set a “neutral” rating and a $82.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $79.71.
Nice Systems (NASDAQ:NICE) last posted its earnings results on Thursday, August 3rd. The technology company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The business had revenue of $315.30 million for the quarter, compared to analyst estimates of $313.44 million. Nice Systems had a net margin of 7.99% and a return on equity of 11.14%. The business’s quarterly revenue was up 33.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.79 EPS.
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Large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in Nice Systems by 12.6% in the second quarter. Bank of New York Mellon Corp now owns 11,482 shares of the technology company’s stock valued at $905,000 after buying an additional 1,281 shares during the period. SG Americas Securities LLC increased its stake in Nice Systems by 134.4% in the second quarter. SG Americas Securities LLC now owns 8,655 shares of the technology company’s stock valued at $681,000 after buying an additional 4,962 shares during the period. Solaris Asset Management LLC increased its stake in Nice Systems by 2.9% in the second quarter. Solaris Asset Management LLC now owns 58,440 shares of the technology company’s stock valued at $4,600,000 after buying an additional 1,670 shares during the period. Janus Capital Management LLC increased its stake in 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. Finally, HighTower Advisors LLC increased its stake in Nice Systems by 9.4% in the first quarter. HighTower Advisors LLC now owns 11,885 shares of the technology company’s stock valued at $800,000 after buying an additional 1,021 shares during the period. 43.70% of the stock is currently owned by hedge funds and other 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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