Nice Systems Ltd. (NICE) Given Average Rating of “Buy” by Analysts
Shares of Nice Systems Ltd. (NASDAQ:NICE) have been given an average recommendation of “Buy” by the eight brokerages that are currently covering the firm. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $71.60.
NICE has been the topic of several recent research reports. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and set a $75.00 target price on shares of Nice Systems in a report on Thursday, June 23rd. Chardan Capital assumed coverage on Nice Systems in a research note on Wednesday, June 22nd. They issued a “buy” rating and a $63.00 price objective on the stock. JPMorgan Chase & Co. reissued a “buy” rating on shares of Nice Systems in a research note on Thursday, June 30th. JMP Securities reissued a “buy” rating on shares of Nice Systems in a research note on Wednesday, August 31st. Finally, Zacks Investment Research downgraded Nice Systems from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th.
Nice Systems (NASDAQ:NICE) traded down 0.37% on Monday, hitting $66.84. The company had a trading volume of 35,813 shares. The stock’s 50-day moving average price is $67.04 and its 200 day moving average price is $65.16. Nice Systems has a one year low of $54.12 and a one year high of $69.46. The company has a market capitalization of $3.98 billion, a P/E ratio of 15.63 and a beta of 1.02.
Nice Systems (NASDAQ:NICE) last announced its earnings results on Thursday, July 28th. The company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 return on equity of 13.37% and a net margin of 27.48%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 EPS. On average, analysts expect that Nice Systems will post $3.55 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of the stock. BB&T Securities LLC purchased a new stake in shares of Nice Systems during the first quarter worth approximately $204,000. Psagot Investment House Ltd. raised its stake 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. bought a new stake in shares of Nice Systems during the second quarter worth approximately $1,435,000. Credit Agricole S A raised 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 worth $9,394,000 after buying an additional 130,500 shares in the last quarter. Finally, Sphera Funds Management LTD. bought a new stake in shares of Nice Systems during the first quarter worth approximately $1,769,000. 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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