Nice Systems Ltd. (NICE) Rating Reiterated by Chardan Capital
Nice Systems Ltd. (NASDAQ:NICE)‘s stock had its “buy” rating reissued by stock analysts at Chardan Capital in a report released on Monday. They presently have a $72.00 price objective on the stock. Chardan Capital’s price target suggests a potential upside of 10.11% from the company’s current price.
Several other brokerages have also recently commented on NICE. JMP Securities restated a “buy” rating on shares of Nice Systems in a research report on Wednesday, August 31st. Zacks Investment Research cut shares of Nice Systems from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $75.00 price objective on shares of Nice Systems in a research report on Monday, September 26th. Finally, Imperial Capital reiterated an “outperform” rating and set a $74.00 price objective on shares of Nice Systems in a research report on Wednesday, October 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. Nice Systems currently has a consensus rating of “Buy” and a consensus target price of $73.29.
Shares of Nice Systems (NASDAQ:NICE) opened at 65.39 on Monday. The firm’s 50-day moving average price is $0.00 and its 200-day moving average price is $0.00.
Nice Systems (NASDAQ:NICE) last issued its earnings results on Thursday, November 10th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.81 by $0.02. The company earned $237.20 million during the quarter, compared to analysts’ expectations of $240.07 million. Nice Systems had a net margin of 15.35% and a return on equity of 13.28%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 EPS. On average, analysts expect that Nice Systems will post $3.57 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Tuesday, November 22nd will be issued 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 is Friday, November 18th. Nice Systems’s payout ratio is 15.98%.
Large investors have recently bought and sold shares of the company. Janus Capital Management LLC raised its stake in Nice Systems by 5.6% in the second quarter. Janus Capital Management LLC now owns 4,082,428 shares of the company’s stock worth $260,663,000 after buying an additional 215,720 shares during the last quarter. Perkins Investment Management LLC raised its stake in Nice Systems by 120.7% in the third quarter. Perkins Investment Management LLC now owns 367,598 shares of the company’s stock worth $24,607,000 after buying an additional 201,070 shares during the last quarter. Penn Capital Management Co. Inc. raised its stake in Nice Systems by 108.6% in the second quarter. Penn Capital Management Co. Inc. now owns 261,144 shares of the company’s stock worth $16,877,000 after buying an additional 135,949 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Nice Systems by 848.7% in the third quarter. Canada Pension Plan Investment Board now owns 109,547 shares of the company’s stock worth $7,333,000 after buying an additional 98,000 shares during the last quarter. Finally, US Bancorp DE raised its stake in Nice Systems by 39.3% in the third quarter. US Bancorp DE now owns 187,192 shares of the company’s stock worth $12,530,000 after buying an additional 52,797 shares in the last quarter. 40.86% 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.
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