Barclays PLC Analysts Give Nice Systems Ltd. (NASDAQ:NICE) a $80.00 Price Target
NICE has been the subject of a number of other reports. Zacks Investment Research downgraded shares of Nice Systems from a hold rating to a strong sell rating in a research note on Thursday, May 11th. Citigroup Inc. started coverage on shares of Nice Systems in a research note on Wednesday, June 7th. They set a neutral rating and a $82.00 price target for the company. Oppenheimer Holdings, Inc. reaffirmed an outperform rating and issued a $80.00 target price on shares of Nice Systems in a research note on Friday, May 12th. Finally, BidaskClub downgraded shares of Nice Systems from a hold rating to a sell rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $79.71.
Nice Systems (NICE) traded down 0.38% on Friday, reaching $76.29. 80,143 shares of the company’s stock traded hands. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of 47.09 and a beta of 0.87. Nice Systems has a 52-week low of $63.72 and a 52-week high of $81.16.
Nice Systems (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. The business had revenue of $315.30 million during the quarter, compared to the consensus estimate of $313.44 million. Nice Systems had a net margin of 7.99% and a return on equity of 11.14%. Nice Systems’s revenue for the quarter was up 33.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 earnings per share. On average, equities research analysts forecast that Nice Systems will post $4.00 earnings per share for the current year.
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A number of large investors have recently modified their holdings of the stock. OppenheimerFunds Inc. increased its stake in Nice Systems by 30.0% in the first quarter. OppenheimerFunds Inc. now owns 2,294,826 shares of the technology company’s stock valued at $156,002,000 after buying an additional 529,620 shares during the last quarter. Janus Capital Management LLC increased its stake in Nice Systems by 6.5% in the first quarter. Janus Capital Management LLC now owns 4,482,834 shares of the technology company’s stock valued at $304,743,000 after buying an additional 273,959 shares during the last quarter. Westfield Capital Management Co. LP increased its stake in Nice Systems by 62.6% in the first quarter. Westfield Capital Management Co. LP now owns 601,536 shares of the technology company’s stock valued at $40,892,000 after buying an additional 231,513 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Nice Systems during the first quarter valued at $11,254,000. Finally, Renaissance Technologies LLC increased its stake in Nice Systems by 327.6% in the first quarter. Renaissance Technologies LLC now owns 175,944 shares of the technology company’s stock valued at $11,961,000 after buying an additional 134,800 shares during the last quarter. 43.70% 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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