Imperial Capital Reiterates Outperform Rating for Nice Systems Ltd. (NICE)
Nice Systems Ltd. (NASDAQ:NICE)‘s stock had its “outperform” rating restated by investment analysts at Imperial Capital in a research note issued to investors on Wednesday.
Several other brokerages have also commented on NICE. JMP Securities reiterated a “buy” rating on shares of Nice Systems in a research note on Wednesday, August 31st. Zacks Investment Research upgraded shares of Nice Systems from a “sell” rating to a “hold” rating in a research note on Tuesday. Oppenheimer Holdings Inc. reiterated a “buy” rating and issued a $75.00 price target on shares of Nice Systems in a research note on Thursday, June 23rd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Nice Systems in a research note on Thursday, June 30th. Finally, Chardan Capital increased their price target on shares of Nice Systems from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, July 28th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $72.75.
Nice Systems (NASDAQ:NICE) opened at 67.25 on Wednesday. The firm has a market capitalization of $4.00 billion, a PE ratio of 15.72 and a beta of 1.02. The company has a 50 day moving average of $67.26 and a 200 day moving average of $65.05. Nice Systems has a 1-year low of $54.12 and a 1-year high of $69.46.
Nice Systems (NASDAQ:NICE) last released its earnings results on Thursday, July 28th. The company reported $0.79 earnings per share 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 had revenue of $235.40 million for the quarter, compared to analyst estimates of $234.79 million. During the same period in the prior year, the firm earned $0.70 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Analysts forecast that Nice Systems will post $3.55 EPS for the current year.
Institutional investors have recently made changes to their positions in the company. Palisade Capital Management LLC NJ bought a new stake in shares of Nice Systems during the first quarter valued at $5,365,000. Menta Capital LLC increased its stake in shares of Nice Systems by 40.3% in the first quarter. Menta Capital LLC now owns 173,571 shares of the company’s stock valued at $11,246,000 after buying an additional 49,895 shares in the last quarter. Investec Asset Management LTD bought a new stake in shares of Nice Systems during the first quarter valued at $48,626,000. Investec Asset Management North America Inc. bought a new stake in shares of Nice Systems during the first quarter valued at $795,000. Finally, Credit Agricole S A increased its stake 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 in the last quarter. Institutional investors and hedge funds own 39.65% of the company’s stock.
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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