Nice Systems Ltd. (NICE) Upgraded to Hold at Zacks Investment Research
According to Zacks, “Nice Systems is the leading provider of Insight from Interactions solutions, based on advanced analytics of unstructured multimedia content from telephony, web, radio and video communications. Nice is the global provider of advanced solutions that enable organizations to extract Insight from Interactions to drive performance. NICE is revolutionizing VoIP interactions management with state-of-the-art solutions for IP contact centers, branches, and command and control centers. NICE’s solutions are changing the way organizations make decisions, helping them improve business and operational performance, address security threats and be proactive. “
A number of other analysts have also commented on the stock. Chardan Capital reaffirmed a buy rating and set a $72.00 target price on shares of Nice Systems in a report on Monday, November 14th. JMP Securities reaffirmed a buy rating on shares of Nice Systems in a report on Friday, November 11th. Imperial Capital reaffirmed an outperform rating and set a $74.00 target price on shares of Nice Systems in a report on Wednesday, October 5th. Finally, Oppenheimer Holdings Inc. reaffirmed an outperform rating and set a $75.00 target price on shares of Nice Systems in a report on Monday, September 26th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $73.29.
Nice Systems (NASDAQ:NICE) traded down 0.63% during mid-day trading on Friday, hitting $66.26. The stock had a trading volume of 13,513 shares. Nice Systems has a 1-year low of $54.12 and a 1-year high of $69.79. The company has a market cap of $3.94 billion, a P/E ratio of 15.49 and a beta of 0.89. The company has a 50-day moving average price of $66.64 and a 200 day moving average price of $65.63.
Nice Systems (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, November 10th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. The business earned $237.20 million during the quarter, compared to analyst estimates of $240.07 million. Nice Systems had a net margin of 15.35% and a return on equity of 13.28%. Nice Systems’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 earnings per share. Equities research analysts forecast that Nice Systems will post $3.57 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 6th. Investors of record on Tuesday, November 22nd will be given a $0.131 dividend. The ex-dividend date is Friday, November 18th. This represents a $0.52 annualized dividend and a yield of 0.79%. Nice Systems’s dividend payout ratio is currently 21.31%.
A number of large investors have recently bought and sold shares of NICE. Janus Capital Management LLC boosted 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 valued at $260,663,000 after buying an additional 215,720 shares in the last quarter. Perkins Investment Management LLC boosted its stake in shares of Nice Systems by 120.7% in the third quarter. Perkins Investment Management LLC now owns 367,598 shares of the company’s stock valued at $24,607,000 after buying an additional 201,070 shares during the period. Penn Capital Management Co. Inc. boosted its stake in shares of Nice Systems by 108.6% in the second quarter. Penn Capital Management Co. Inc. now owns 261,144 shares of the company’s stock valued at $16,877,000 after buying an additional 135,949 shares during the period. Aperio Group LLC boosted its stake in shares of Nice Systems by 12.6% in the third quarter. Aperio Group LLC now owns 242,846 shares of the company’s stock valued at $16,256,000 after buying an additional 27,172 shares during the period. Finally, Eagle Asset Management Inc. boosted its stake in shares of Nice Systems by 13.6% in the third quarter. Eagle Asset Management Inc. now owns 214,618 shares of the company’s stock valued at $14,366,000 after buying an additional 25,630 shares during the period. 40.58% of the stock is currently 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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