Equities research analysts expect Nice Systems Ltd. (NASDAQ:NICE) to post $0.37 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Nice Systems’ earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.41. Nice Systems reported earnings per share of $0.72 during the same quarter last year, which would suggest a negative year over year growth rate of 48.6%. The business is scheduled to announce its next earnings report on Thursday, November 9th.

According to Zacks, analysts expect that Nice Systems will report full year earnings of $1.75 per share for the current year, with EPS estimates ranging from $1.59 to $1.91. For the next year, analysts anticipate that the company will report earnings of $2.24 per share, with EPS estimates ranging from $2.07 to $2.40. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Nice Systems.

Nice Systems (NASDAQ:NICE) last issued its earnings results on Thursday, August 3rd. The technology company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Nice Systems had a return on equity of 11.14% and a net margin of 7.99%. The firm had revenue of $315.30 million for the quarter, compared to the consensus estimate of $313.44 million. During the same quarter in the previous year, the company posted $0.79 earnings per share. The business’s quarterly revenue was up 33.9% compared to the same quarter last year.

Several brokerages recently commented on NICE. Chardan Capital raised their price objective on Nice Systems from $76.00 to $84.00 and gave the stock a “buy” rating in a research note on Monday. Barclays PLC set a $80.00 price target on Nice Systems and gave the company a “hold” rating in a research note on Friday. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $80.00 price target on shares of Nice Systems in a research note on Friday, May 12th. BidaskClub downgraded Nice Systems from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research downgraded Nice Systems from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $79.71.

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Several hedge funds have recently added to or reduced their stakes in the stock. Vista Equity Partners Management LLC purchased a new stake in Nice Systems during the first quarter valued at about $1,700,000. Wells Fargo & Company MN boosted its position in shares of Nice Systems by 12.8% in the first quarter. Wells Fargo & Company MN now owns 103,057 shares of the technology company’s stock valued at $7,006,000 after buying an additional 11,724 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Nice Systems by 520.2% in the first quarter. PNC Financial Services Group Inc. now owns 3,845 shares of the technology company’s stock valued at $262,000 after buying an additional 3,225 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Nice Systems during the fourth quarter valued at $643,000. Finally, Morgan Stanley boosted its position in shares of Nice Systems by 137.7% in the first quarter. Morgan Stanley now owns 137,682 shares of the technology company’s stock valued at $9,359,000 after buying an additional 79,760 shares during the last quarter. 43.70% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Nice Systems (NASDAQ NICE) traded down 1.22% on Tuesday, reaching $75.59. The company’s stock had a trading volume of 116,314 shares. The company has a 50 day moving average price of $77.67 and a 200 day moving average price of $72.48. The company has a market cap of $4.54 billion, a P/E ratio of 46.66 and a beta of 0.87. Nice Systems has a 52-week low of $63.72 and a 52-week high of $81.16.

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.

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