Oppenheimer Holdings Inc. restated their outperform rating on shares of Nice Systems Ltd. (NASDAQ:NICE) in a research report report published on Monday morning. They currently have a $75.00 target price on the stock.
A number of other equities research analysts have also recently weighed in on the stock. Imperial Capital reiterated an outperform rating and set a $74.00 price target on shares of Nice Systems in a research report on Sunday, July 17th. Chardan Capital initiated coverage on shares of Nice Systems in a research report on Wednesday, June 22nd. They set a buy rating and a $63.00 price target for the company. Zacks Investment Research cut shares of Nice Systems from a hold rating to a sell rating in a research report on Thursday, September 15th. JPMorgan Chase & Co. initiated coverage on shares of Nice Systems in a research report on Wednesday, June 29th. They set an overweight rating and a $74.00 price target for the company. Finally, JMP Securities reiterated a buy rating on shares of Nice Systems in a research report on Wednesday, August 31st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. Nice Systems presently has a consensus rating of Buy and a consensus price target of $72.75.
Shares of Nice Systems (NASDAQ:NICE) opened at 66.83 on Monday. The company has a market capitalization of $3.98 billion, a P/E ratio of 15.63 and a beta of 0.96. Nice Systems has a 12-month low of $53.06 and a 12-month high of $69.46. The stock has a 50 day moving average of $67.38 and a 200-day moving average of $64.86.
Nice Systems (NASDAQ:NICE) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. Nice Systems had a net margin of 27.48% and a return on equity of 13.37%. The business earned $235.40 million during the quarter, compared to analysts’ expectations of $234.79 million. During the same period last year, the business earned $0.70 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities research analysts forecast that Nice Systems will post $3.55 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Monday, August 15th were issued a $0.131 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Thursday, August 11th. Nice Systems’s dividend payout ratio (DPR) is currently 12.18%.
Several hedge funds and other institutional investors have recently made changes to their positions in NICE. Bank of New York Mellon Corp increased its position in shares of Nice Systems by 4.1% in the second quarter. Bank of New York Mellon Corp now owns 10,373 shares of the company’s stock worth $662,000 after buying an additional 407 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Nice Systems by 7.8% in the first quarter. Geode Capital Management LLC now owns 26,412 shares of the company’s stock worth $1,711,000 after buying an additional 1,920 shares in the last quarter. Psagot Investment House Ltd. increased its position in shares of Nice Systems by 1.6% in the second quarter. Psagot Investment House Ltd. now owns 165,983 shares of the company’s stock worth $10,598,000 after buying an additional 2,634 shares in the last quarter. BB&T Securities LLC purchased a new position in shares of Nice Systems during the first quarter worth about $204,000. Finally, Aureus Asset Management LLC increased its position in shares of Nice Systems by 95.0% in the second quarter. Aureus Asset Management LLC now owns 7,800 shares of the company’s stock worth $446,000 after buying an additional 3,800 shares in the last quarter. Hedge funds and other institutional investors own 39.65% 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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