Nice Systems Ltd. to Post Q3 2016 Earnings of $0.67 Per Share, Imperial Capital Forecasts (NICE)
Nice Systems Ltd. (NASDAQ:NICE) – Analysts at Imperial Capital reduced their Q3 2016 EPS estimates for shares of Nice Systems in a research note issued to investors on Wednesday. Imperial Capital analyst J. Kessler now expects that the brokerage will earn $0.67 per share for the quarter, down from their previous forecast of $0.72. Imperial Capital has a “Outperform” rating and a $74.00 price target on the stock. Imperial Capital also issued estimates for Nice Systems’ Q4 2016 earnings at $0.99 EPS and FY2016 earnings at $3.03 EPS.
Nice Systems (NASDAQ:NICE) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. The firm had revenue of $235.40 million for the quarter, compared to the consensus estimate of $234.79 million. Nice Systems had a net margin of 27.48% and a return on equity of 13.37%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.70 EPS.
A number of other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Nice Systems from a “hold” rating to a “sell” rating in a research note on Tuesday. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $75.00 price objective on shares of Nice Systems in a report on Monday, September 26th. JMP Securities restated a “buy” rating on shares of Nice Systems in a report on Wednesday, August 31st. Chardan Capital lifted their price objective on Nice Systems from $70.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, July 28th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Nice Systems in a report on Thursday, June 30th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $72.75.
Shares of Nice Systems (NASDAQ:NICE) opened at 66.66 on Monday. The stock’s 50 day moving average is $67.15 and its 200-day moving average is $65.13. The stock has a market cap of $3.97 billion, a P/E ratio of 15.59 and a beta of 1.02. Nice Systems has a one year low of $54.12 and a one year high of $69.46.
Institutional investors have recently made changes to their positions in the company. Psagot Investment House Ltd. increased 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 in the last quarter. Tygh Capital Management Inc. purchased a new position in shares of Nice Systems during the second quarter worth approximately $1,435,000. Emerald Acquisition Ltd. purchased a new position in shares of Nice Systems during the second quarter worth approximately $587,000. Bank of New York Mellon Corp increased its position in shares of Nice Systems by 4.1% in the second quarter. Bank of New York Mellon Corp now owns 10,373 shares of the company’s stock worth $662,000 after buying an additional 407 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its position in shares of Nice Systems by 20.0% in the second quarter. Eagle Asset Management Inc. now owns 188,988 shares of the company’s stock worth $12,066,000 after buying an additional 31,551 shares in the last quarter. Institutional investors and hedge funds own 39.65% of the company’s stock.
Nice Systems Company Profile
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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