Nice Systems Ltd. (NASDAQ:NICE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to 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 brokerages also recently issued reports on NICE. JPMorgan Chase & Co. reissued a “buy” rating on shares of Nice Systems in a research report on Thursday, June 30th. JMP Securities reissued a “buy” rating on shares of Nice Systems in a research report on Wednesday, August 31st. Chardan Capital started coverage on shares of Nice Systems in a research report on Wednesday, June 22nd. They set a “buy” rating and a $63.00 price objective on the stock. Oppenheimer Holdings Inc. reissued a “buy” rating and set a $75.00 price objective on shares of Nice Systems in a research report on Thursday, June 23rd. Finally, Imperial Capital reissued an “outperform” rating and set a $74.00 price objective on shares of Nice Systems in a research report on Wednesday, October 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $72.75.

Analyst Recommendations for Nice Systems (NASDAQ:NICE)

Nice Systems (NASDAQ:NICE) opened at 66.98 on Tuesday. Nice Systems has a 52-week low of $54.12 and a 52-week high of $69.46. The company’s 50 day moving average is $67.18 and its 200-day moving average is $65.11. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 15.66 and a beta of 1.02.

Nice Systems (NASDAQ:NICE) last issued its earnings results on Thursday, July 28th. The company reported $0.79 EPS for the quarter, topping the 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 company had revenue of $235.40 million for the quarter, compared to the consensus estimate of $234.79 million. During the same period in the previous year, the firm earned $0.70 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities analysts anticipate that Nice Systems will post $3.55 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Investec Asset Management North America Inc. purchased a new position in shares of Nice Systems during the first quarter worth about $795,000. Investec Asset Management LTD purchased a new position in shares of Nice Systems during the first quarter worth about $48,626,000. BB&T Securities LLC purchased a new position in shares of Nice Systems during the first quarter worth about $204,000. Psagot Investment House Ltd. boosted its position in shares of Nice Systems by 1.6% in the second quarter. Psagot Investment House Ltd. now owns 165,983 shares of the company’s stock worth $10,598,000 after buying an additional 2,634 shares during the last quarter. Finally, Tygh Capital Management Inc. purchased a new position in shares of Nice Systems during the second quarter worth about $1,435,000. 39.65% of the stock is currently owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:NICE

Receive News & Stock Ratings for Nice Systems Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nice Systems Ltd. and related stocks with our FREE daily email newsletter.