Nice Systems Ltd. (NICE) Upgraded at Zacks Investment Research
Nice Systems Ltd. (NASDAQ:NICE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Nice Systems is the leading provider of Insight from Interactions solutions, based on advanced analytics of unstructured multimedia content from telephony, web, radio and video communications. Nice is the global provider of advanced solutions that enable organizations to extract Insight from Interactions to drive performance. NICE is revolutionizing VoIP interactions management with state-of-the-art solutions for IP contact centers, branches, and command and control centers. NICE’s solutions are changing the way organizations make decisions, helping them improve business and operational performance, address security threats and be proactive. “
A number of other equities research analysts have also recently issued reports on the stock. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $75.00 target price on shares of Nice Systems in a research report on Monday, September 26th. Imperial Capital reissued an “outperform” rating and issued a $74.00 target price on shares of Nice Systems in a research report on Sunday, July 17th. Chardan Capital initiated coverage on shares of Nice Systems in a research report on Wednesday, June 22nd. They issued a “buy” rating and a $63.00 target price for the company. JPMorgan Chase & Co. initiated coverage on shares of Nice Systems in a research report on Wednesday, June 29th. They issued an “overweight” rating and a $74.00 target price for the company. Finally, JMP Securities reissued a “buy” rating on shares of Nice Systems in a research report on Wednesday, August 31st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $72.75.
Shares of Nice Systems (NASDAQ:NICE) opened at 66.98 on Tuesday. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 15.66 and a beta of 1.02. The firm’s 50-day moving average is $67.28 and its 200-day moving average is $65.03. Nice Systems has a one year low of $54.12 and a one year high of $69.46.
Nice Systems (NASDAQ:NICE) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.04. Nice Systems had a net margin of 27.48% and a return on equity of 13.37%. The firm earned $235.40 million during the quarter, compared to analysts’ expectations of $234.79 million. During the same period in the previous year, the business posted $0.70 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Analysts expect that Nice Systems will post $3.55 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Investec Asset Management LTD bought a new position in Nice Systems during the first quarter worth approximately $48,626,000. Janus Capital Management LLC increased its position in shares of Nice Systems by 5.6% in the second quarter. Janus Capital Management LLC now owns 4,082,428 shares of the company’s stock valued at $260,663,000 after buying an additional 215,720 shares during the last quarter. Penn Capital Management Co. Inc. increased its position in shares of Nice Systems by 108.6% in the second quarter. Penn Capital Management Co. Inc. now owns 261,144 shares of the company’s stock valued at $16,877,000 after buying an additional 135,949 shares during the last quarter. Credit Agricole S A increased its position in shares of Nice Systems by 900.0% in the first quarter. Credit Agricole S A now owns 145,000 shares of the company’s stock valued at $9,394,000 after buying an additional 130,500 shares during the last quarter. Finally, Palisade Capital Management LLC NJ acquired a new position in shares of Nice Systems during the first quarter valued at approximately $5,365,000. 39.65% of the stock is owned by institutional investors and hedge funds.
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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