Jefferies Group LLC started coverage on shares of Nice Systems Ltd. (NASDAQ:NICE) in a research report sent to investors on Friday morning, Marketbeat Ratings reports. The brokerage issued a hold rating and a $84.00 price objective on the technology company’s stock.

Other research analysts have also recently issued research reports about the company. Chardan Capital raised their price target on Nice Systems from $76.00 to $84.00 and gave the company a buy rating in a research report on Monday, August 7th. Barclays PLC restated a hold rating on shares of Nice Systems in a research report on Monday, August 7th. Oppenheimer Holdings, Inc. raised their price target on Nice Systems from $80.00 to $85.00 and gave the company an outperform rating in a research report on Friday, August 4th. BidaskClub cut Nice Systems from a hold rating to a sell rating in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada restated a hold rating and issued a $80.00 price target on shares of Nice Systems in a research report on Monday, August 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $80.88.

Shares of Nice Systems (NICE) opened at 81.51 on Friday. Nice Systems has a 12-month low of $63.72 and a 12-month high of $83.95.

Nice Systems (NASDAQ:NICE) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Nice Systems had a return on equity of 11.14% and a net margin of 7.99%. The business had revenue of $315.30 million during the quarter, compared to analysts’ expectations of $313.44 million. During the same quarter last year, the business posted $0.79 earnings per share. The business’s revenue for the quarter was up 33.9% on a year-over-year basis. On average, equities analysts predict that Nice Systems will post $4.02 EPS for the current year.

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A number of institutional investors have recently bought and sold shares of the stock. Janus Capital Management LLC increased its position in Nice Systems by 6.5% during the 1st 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 in the last quarter. Investec Asset Management LTD increased its position in Nice Systems by 1.9% during the 2nd quarter. Investec Asset Management LTD now owns 752,316 shares of the technology company’s stock worth $59,222,000 after purchasing an additional 14,075 shares in the last quarter. TimesSquare Capital Management LLC increased its position in Nice Systems by 1.8% during the 1st quarter. TimesSquare Capital Management LLC now owns 643,350 shares of the technology company’s stock worth $43,735,000 after purchasing an additional 11,550 shares in the last quarter. Credit Suisse AG increased its position in Nice Systems by 40.3% during the 1st 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 in the last quarter. Finally, Eagle Asset Management Inc. increased its position in Nice Systems by 13.4% during the 2nd quarter. Eagle Asset Management Inc. now owns 276,775 shares of the technology company’s stock worth $21,787,000 after purchasing an additional 32,620 shares in the last quarter. Hedge funds and other institutional investors own 43.82% 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.

Analyst Recommendations for Nice Systems (NASDAQ:NICE)

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