Nice Systems Ltd. (NICE) Earns “Buy” Rating from JMP Securities
Other analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Nice Systems from a buy rating to a hold rating in a research note on Thursday, August 4th. Chardan Capital boosted their target price 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. Imperial Capital restated an outperform rating and set a $74.00 price target on shares of Nice Systems in a report on Wednesday, October 5th. Finally, Oppenheimer Holdings Inc. restated an outperform rating and set a $75.00 price target on shares of Nice Systems in a report on Monday, September 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $73.29.
Nice Systems (NASDAQ:NICE) opened at 65.39 on Friday. The stock has a 50-day moving average of $0.00 and a 200-day moving average of $0.00.
Nice Systems (NASDAQ:NICE) last announced its earnings results on Thursday, November 10th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.02. Nice Systems had a net margin of 15.35% and a return on equity of 13.28%. The company had revenue of $237.20 million for the quarter, compared to the consensus estimate of $240.07 million. During the same period in the previous year, the business earned $0.75 EPS. The company’s revenue was up 8.7% on a year-over-year basis. On average, analysts forecast that Nice Systems will post $3.57 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Tuesday, November 22nd will be given a dividend of $0.131 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Friday, November 18th. Nice Systems’s dividend payout ratio is 15.98%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Eagle Boston Investment Management Inc. purchased a new position in Nice Systems during the third quarter worth $203,000. Boston Advisors LLC raised its position in Nice Systems by 0.3% in the third quarter. Boston Advisors LLC now owns 6,389 shares of the company’s stock worth $428,000 after buying an additional 20 shares in the last quarter. Aureus Asset Management LLC raised its position in Nice Systems by 95.0% in the second quarter. Aureus Asset Management LLC now owns 7,800 shares of the company’s stock worth $446,000 after buying an additional 3,800 shares in the last quarter. Ranger Investment Management L.P. raised its position in Nice Systems by 117.5% in the second quarter. Ranger Investment Management L.P. now owns 7,810 shares of the company’s stock worth $499,000 after buying an additional 4,220 shares in the last quarter. Finally, Dorsey Wright & Associates raised its position in Nice Systems by 39.9% in the third quarter. Dorsey Wright & Associates now owns 8,165 shares of the company’s stock worth $547,000 after buying an additional 2,328 shares in the last quarter. 40.86% of the stock is owned by hedge funds and other institutional investors.
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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