Nice Systems’ (NASDAQ:NICE) “Hold” Rating Reiterated at Barclays PLC
A number of other brokerages have also weighed in on NICE. Citigroup Inc. assumed coverage on shares of Nice Systems in a report on Wednesday, June 7th. They issued a neutral rating and a $82.00 price target on the stock. Zacks Investment Research upgraded shares of Nice Systems from a strong sell rating to a hold rating in a report on Thursday, July 6th. Oppenheimer Holdings, Inc. lifted their price target on shares of Nice Systems from $80.00 to $85.00 and gave the company an outperform rating in a report on Friday, August 4th. Finally, BidaskClub lowered shares of Nice Systems from a buy rating to a hold rating in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $79.71.
Shares of Nice Systems (NASDAQ:NICE) opened at 75.63 on Monday. The stock has a market capitalization of $4.55 billion, a P/E ratio of 46.69 and a beta of 0.87. The stock has a 50 day moving average price of $77.49 and a 200 day moving average price of $72.63. Nice Systems has a one year low of $63.72 and a one year high of $81.16.
Nice Systems (NASDAQ:NICE) last released its earnings results on Thursday, August 3rd. The technology company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The firm had revenue of $315.30 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.79 EPS. Equities analysts forecast that Nice Systems will post $4.02 earnings per share for the current year.
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Several institutional investors have recently bought and sold shares of NICE. Eagle Boston Investment Management Inc. raised its position in Nice Systems by 15.0% in the first quarter. Eagle Boston Investment Management Inc. now owns 3,526 shares of the technology company’s stock valued at $239,000 after buying an additional 459 shares during the last quarter. Eagle Asset Management Inc. raised its position in Nice Systems by 13.7% in the first quarter. Eagle Asset Management Inc. now owns 244,155 shares of the technology company’s stock valued at $16,597,000 after buying an additional 29,349 shares during the last quarter. Sei Investments Co. raised its position in Nice Systems by 3.0% in the first quarter. Sei Investments Co. now owns 88,877 shares of the technology company’s stock valued at $6,042,000 after buying an additional 2,573 shares during the last quarter. Karp Capital Management Corp acquired a new position in Nice Systems during the first quarter valued at $9,157,000. Finally, Teza Capital Management LLC acquired a new position in Nice Systems during the first quarter valued at $324,000. Institutional investors and hedge funds own 43.70% of the company’s stock.
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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