Nice Systems Ltd. (NASDAQ:NICE)‘s stock had its “outperform” rating reaffirmed by Imperial Capital in a report issued on Wednesday.
Other equities analysts have also issued reports about the company. Oppenheimer Holdings Inc. reissued a “buy” rating and set a $75.00 price target on shares of Nice Systems in a research report on Thursday, June 23rd. Chardan Capital initiated coverage on Nice Systems in a research report on Wednesday, June 22nd. They issued a “buy” rating and a $63.00 target price on the stock. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Nice Systems in a research report on Thursday, June 30th. JMP Securities reaffirmed a “buy” rating on shares of Nice Systems in a research report on Wednesday, August 31st. Finally, Zacks Investment Research lowered Nice Systems from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $72.75.
Shares of Nice Systems (NASDAQ:NICE) opened at 67.25 on Wednesday. The firm has a market capitalization of $4.00 billion, a P/E ratio of 15.72 and a beta of 1.02. Nice Systems has a one year low of $54.12 and a one year high of $69.46. The company’s 50 day moving average price is $67.26 and its 200 day moving average price is $65.05.
Nice Systems (NASDAQ:NICE) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.75 by $0.04. The firm had revenue of $235.40 million for the quarter, compared to analyst estimates of $234.79 million. Nice Systems had a return on equity of 13.37% and a net margin of 27.48%. Nice Systems’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.70 EPS. On average, analysts expect that Nice Systems will post $3.55 EPS for the current fiscal year.
Large investors have recently modified their holdings of the stock. Janus Capital Management LLC increased its stake in shares of Nice Systems by 5.6% in the second quarter. Janus Capital Management LLC now owns 4,082,428 shares of the company’s stock worth $260,663,000 after buying an additional 215,720 shares during the period. Investec Asset Management LTD bought a new position in shares of Nice Systems during the first quarter worth approximately $48,626,000. Penn Capital Management Co. Inc. increased its position in shares of Nice Systems by 108.6% in the second quarter. Penn Capital Management Co. Inc. now owns 261,144 shares of the company’s stock worth $16,877,000 after buying an additional 135,949 shares during the last quarter. Eagle Asset Management Inc. increased its position in shares of Nice Systems by 20.0% in the second quarter. Eagle Asset Management Inc. now owns 188,988 shares of the company’s stock worth $12,066,000 after buying an additional 31,551 shares during the last quarter. Finally, Menta Capital LLC increased its position in shares of Nice Systems by 40.3% in the first quarter. Menta Capital LLC now owns 173,571 shares of the company’s stock worth $11,246,000 after buying an additional 49,895 shares during the last quarter. Institutional investors and hedge funds own 39.65% 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.
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