Nice Systems Ltd. (NASDAQ:NICE) was downgraded by equities researchers at Chardan Capital from a “buy” rating to a “neutral” rating in a note issued to investors on Monday. They currently have a $91.00 price target on the technology company’s stock. Chardan Capital’s target price suggests a potential upside of 7.72% from the stock’s previous close.

Several other equities analysts have also recently issued reports on NICE. BidaskClub cut Nice Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Oppenheimer Holdings, Inc. raised their target price on Nice Systems from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Barclays PLC set a $80.00 target price on Nice Systems and gave the company a “hold” rating in a research note on Friday, August 4th. Royal Bank Of Canada reiterated a “hold” rating and issued a $80.00 target price on shares of Nice Systems in a research note on Monday, August 21st. Finally, Jefferies Group LLC started coverage on Nice Systems in a research note on Friday, October 6th. They issued a “hold” rating and a $84.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. Nice Systems currently has an average rating of “Hold” and a consensus price target of $83.50.

Nice Systems (NICE) opened at $84.48 on Monday. Nice Systems has a one year low of $63.72 and a one year high of $85.59. The stock has a market capitalization of $5,074.93, a price-to-earnings ratio of 33.81, a P/E/G ratio of 4.90 and a beta of 0.89. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.28 and a current ratio of 1.28.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Eagle Boston Investment Management Inc. raised its stake in shares of Nice Systems by 19.1% during the second quarter. Eagle Boston Investment Management Inc. now owns 4,200 shares of the technology company’s stock valued at $330,000 after purchasing an additional 674 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Nice Systems by 16.9% during the second quarter. Ameriprise Financial Inc. now owns 5,014 shares of the technology company’s stock valued at $395,000 after purchasing an additional 724 shares in the last quarter. Investec Asset Management North America Inc. raised its stake in shares of Nice Systems by 1.8% during the second quarter. Investec Asset Management North America Inc. now owns 56,251 shares of the technology company’s stock valued at $4,428,000 after purchasing an additional 972 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Nice Systems by 22.8% during the third quarter. Russell Investments Group Ltd. now owns 5,460 shares of the technology company’s stock valued at $444,000 after purchasing an additional 1,013 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of Nice Systems by 9.4% during the first quarter. HighTower Advisors LLC now owns 11,885 shares of the technology company’s stock valued at $800,000 after purchasing an additional 1,021 shares in the last quarter. Institutional investors and hedge funds own 43.90% of the company’s stock.

About Nice Systems

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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