Nice Systems Ltd. (NICE) Given Average Rating of “Hold” by Analysts
Nice Systems Ltd. (NASDAQ:NICE) has received an average rating of “Hold” from the ten research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $80.50.
A number of research analysts have recently commented on NICE shares. Chardan Capital upped their price target on Nice Systems from $76.00 to $84.00 and gave the company a “buy” rating in a research report on Monday, August 7th. Barclays PLC reiterated a “hold” rating on shares of Nice Systems in a research note on Monday, August 7th. Royal Bank Of Canada reiterated a “hold” rating and set a $80.00 price objective on shares of Nice Systems in a research note on Monday, August 21st. BidaskClub lowered Nice Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research upgraded Nice Systems from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 6th.
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Hedge funds and other institutional investors have recently made changes to their positions in the business. Vista Equity Partners Management LLC bought a new position in Nice Systems in the 1st quarter worth about $1,700,000. PNC Financial Services Group Inc. increased its stake in 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 acquiring an additional 3,225 shares during the last quarter. Wells Fargo & Company MN increased its stake in 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 acquiring an additional 11,724 shares during the last quarter. Morgan Stanley increased its stake in 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 acquiring an additional 79,760 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its stake in Nice Systems by 13.4% in the 2nd quarter. Eagle Asset Management Inc. now owns 276,775 shares of the technology company’s stock worth $21,787,000 after acquiring an additional 32,620 shares during the last quarter. Institutional investors and hedge funds own 43.82% of the company’s stock.
Nice Systems (NASDAQ:NICE) traded down 0.94% on Friday, reaching $81.84. The company’s stock had a trading volume of 87,117 shares. Nice Systems has a 12 month low of $63.72 and a 12 month high of $83.25.
Nice Systems (NASDAQ:NICE) last issued its quarterly 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 analysts’ expectations of $313.44 million. During the same quarter in the prior year, the firm earned $0.79 EPS. The business’s revenue for the quarter was up 33.9% compared to the same quarter last year. Analysts expect that Nice Systems will post $4.02 earnings per share for the current year.
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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