Nice Systems Ltd. (NICE) Given Average Rating of “Buy” by Brokerages
Shares of Nice Systems Ltd. (NASDAQ:NICE) have received an average rating of “Buy” from the seven brokerages that are presently covering the firm. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $72.25.
NICE has been the topic of several research reports. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $75.00 target price on shares of Nice Systems in a research note on Monday, September 26th. Zacks Investment Research lowered Nice Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, October 11th. Imperial Capital reiterated an “outperform” rating and set a $74.00 price objective on shares of Nice Systems in a research note on Wednesday, October 5th. Chardan Capital boosted their price objective on Nice Systems from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, July 28th. Finally, JMP Securities reiterated a “buy” rating on shares of Nice Systems in a research note on Friday, November 11th.
Shares of Nice Systems (NASDAQ:NICE) traded down 0.5993% during mid-day trading on Monday, hitting $66.2804. The stock had a trading volume of 27,804 shares. Nice Systems has a 12 month low of $54.12 and a 12 month high of $69.79. The firm has a 50 day moving average price of $66.64 and a 200-day moving average price of $65.63. The stock has a market cap of $3.94 billion, a P/E ratio of 15.4969 and a beta of 0.89.
Nice Systems (NASDAQ:NICE) last issued its earnings results on Thursday, November 10th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.02. The firm had revenue of $237.20 million for the quarter, compared to analyst estimates of $240.07 million. Nice Systems had a return on equity of 13.28% and a net margin of 15.35%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 earnings per share. On average, equities research analysts forecast that Nice Systems will post $3.58 EPS for the current 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 paid a $0.131 dividend. The ex-dividend date is Friday, November 18th. This represents a $0.52 dividend on an annualized basis and a yield of 0.79%. Nice Systems’s dividend payout ratio is currently 21.31%.
Institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp raised 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. Psagot Investment House Ltd. raised 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. acquired a new position in shares of Nice Systems during the second quarter worth $1,435,000. Emerald Acquisition Ltd. acquired a new position in shares of Nice Systems during the second quarter worth $587,000. Finally, Eagle Asset Management Inc. raised 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 40.58% of the company’s stock.
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.
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.