Nice Systems Ltd. (NICE) Given Average Recommendation of “Hold” by Analysts
Shares of Nice Systems Ltd. (NASDAQ:NICE) have received a consensus rating of “Hold” from the ten analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $80.50.
A number of equities analysts recently commented on NICE shares. Chardan Capital lifted their price objective on Nice Systems from $76.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday, August 7th. Royal Bank Of Canada restated a “hold” rating and issued a $80.00 target price on shares of Nice Systems in a research report on Monday, August 21st. Barclays PLC reiterated a “hold” rating on shares of Nice Systems in a report on Monday, August 7th. BidaskClub downgraded Nice Systems from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research upgraded Nice Systems from a “strong sell” rating to a “hold” rating in a report on Thursday, July 6th.
A number of large investors have recently made changes to their positions in NICE. Asset Management One Co. Ltd. boosted its stake in Nice Systems by 12.8% in the first quarter. Asset Management One Co. Ltd. now owns 2,650 shares of the technology company’s stock valued at $180,000 after buying an additional 300 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Nice Systems by 739.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,096 shares of the technology company’s stock valued at $210,000 after buying an additional 2,727 shares during the period. Eagle Boston Investment Management Inc. raised its position in shares of 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 period. SG Americas Securities LLC raised its position in shares of Nice Systems by 98.5% in the first quarter. SG Americas Securities LLC now owns 3,693 shares of the technology company’s stock valued at $251,000 after buying an additional 1,833 shares during the period. Finally, World Asset Management Inc raised its position in shares of Nice Systems by 1.2% in the first quarter. World Asset Management Inc now owns 3,742 shares of the technology company’s stock valued at $254,000 after buying an additional 43 shares during the period. Hedge funds and other institutional investors own 43.82% of the company’s stock.
Shares of Nice Systems (NASDAQ NICE) traded down 0.08% during midday trading on Tuesday, hitting $77.20. 118,569 shares of the stock were exchanged. Nice Systems has a 52-week low of $63.72 and a 52-week high of $81.16.
Nice Systems (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. The firm had revenue of $315.30 million for the quarter, compared to analyst estimates of $313.44 million. Nice Systems had a return on equity of 11.14% and a net margin of 7.99%. The business’s revenue was up 33.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 earnings per share. On average, equities analysts anticipate that Nice Systems will post $4.02 EPS for the current fiscal year.
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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