Wall Street brokerages expect that Nice Systems Ltd. (NASDAQ:NICE) will report sales of $320.53 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Nice Systems’ earnings, with estimates ranging from $320.00 million to $321.47 million. Nice Systems posted sales of $237.19 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 35.1%. The firm is scheduled to report its next quarterly earnings report on Thursday, November 9th.

On average, analysts expect that Nice Systems will report full-year sales of $320.53 million for the current year, with estimates ranging from $1.34 billion to $1.45 billion. For the next fiscal year, analysts expect that the company will post sales of $1.45 billion per share, with estimates ranging from $1.44 billion to $1.47 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Nice Systems.

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

Several analysts have weighed in on NICE shares. Zacks Investment Research raised Nice Systems from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 6th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $80.00 target price on shares of Nice Systems in a research note on Monday, August 21st. Citigroup Inc. started coverage on Nice Systems in a research note on Wednesday, June 7th. They set a “neutral” rating and a $82.00 target price on the stock. Barclays PLC set a $80.00 target price on Nice Systems and gave the company a “hold” rating in a research note on Friday, August 4th. Finally, Chardan Capital lifted their target price on Nice Systems from $76.00 to $84.00 and gave the company a “buy” rating in a research note on Monday, August 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $79.75.

Nice Systems (NASDAQ:NICE) opened at 79.78 on Friday. Nice Systems has a 52-week low of $63.72 and a 52-week high of $81.16. The firm has a 50-day moving average price of $76.85 and a 200 day moving average price of $74.12. The stock has a market cap of $4.81 billion, a PE ratio of 65.39 and a beta of 0.90.

Institutional investors and hedge funds have recently bought and sold shares of the company. Vista Equity Partners Management LLC bought a new stake in shares of Nice Systems in the 1st quarter worth $1,700,000. Wells Fargo & Company MN raised its stake in shares of Nice Systems by 12.8% in the 1st quarter. Wells Fargo & Company MN now owns 103,057 shares of the technology company’s stock worth $7,006,000 after buying an additional 11,724 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Nice Systems by 520.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,845 shares of the technology company’s stock worth $262,000 after buying an additional 3,225 shares in the last quarter. Morgan Stanley raised its stake in shares of Nice Systems by 137.7% in the 1st quarter. Morgan Stanley now owns 137,682 shares of the technology company’s stock worth $9,359,000 after buying an additional 79,760 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Nice Systems by 36.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 153,775 shares of the technology company’s stock worth $10,454,000 after buying an additional 41,154 shares in the last quarter. 43.82% of the stock is currently owned by institutional investors.

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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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