Nice Systems Ltd. (NASDAQ:NICE) shares hit a new 52-week high during trading on Thursday . The company traded as high as $83.25 and last traded at $83.27, with a volume of 76,797 shares changing hands. The stock had previously closed at $81.83.

A number of brokerages have recently commented on NICE. Chardan Capital increased their price target on Nice Systems from $76.00 to $84.00 and gave the company a “buy” rating in a research note on Monday, August 7th. Barclays PLC set a $80.00 price target on Nice Systems and gave the company a “hold” rating in a research note on Friday, August 4th. BidaskClub cut Nice Systems from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Citigroup Inc. began coverage on Nice Systems in a research note on Wednesday, June 7th. They issued a “neutral” rating and a $82.00 price target for the company. Finally, Oppenheimer Holdings, Inc. increased their price target on Nice Systems from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $79.75.

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 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%. The firm’s revenue for the quarter was up 33.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.79 earnings per share. Equities research analysts predict that Nice Systems Ltd. will post $4.02 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of NICE. OppenheimerFunds Inc. lifted 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 worth $156,002,000 after purchasing an additional 529,620 shares during the last quarter. Janus Capital Management LLC lifted 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 worth $304,743,000 after purchasing an additional 273,959 shares during the last quarter. Westfield Capital Management Co. LP lifted 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 worth $40,892,000 after purchasing an additional 231,513 shares during the last quarter. Renaissance Technologies LLC lifted 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 worth $11,961,000 after purchasing an additional 134,800 shares during the last quarter. Finally, Credit Suisse AG lifted its stake in Nice Systems by 40.3% in the first quarter. Credit Suisse AG now owns 327,000 shares of the technology company’s stock worth $22,229,000 after purchasing an additional 94,000 shares during the last quarter. 43.82% of the stock is owned by institutional investors and hedge funds.

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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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