Sit Investment Associates Inc. maintained its stake in Nice Systems Ltd. (NASDAQ:NICE) during the second quarter, Holdings Channel reports. The institutional investor owned 3,675 shares of the company’s stock at the end of the second quarter. Sit Investment Associates Inc.’s holdings in Nice Systems were worth $235,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the stock. BB&T Securities LLC purchased a new stake in Nice Systems during the first quarter worth approximately $204,000. Investec Asset Management North America Inc. purchased a new stake in Nice Systems during the first quarter worth approximately $795,000. Geode Capital Management LLC raised its stake in 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. Sphera Funds Management LTD. purchased a new stake in Nice Systems during the first quarter worth approximately $1,769,000. Finally, Credit Agricole S A raised its stake in Nice Systems by 900.0% in the first quarter. Credit Agricole S A now owns 145,000 shares of the company’s stock worth $9,394,000 after buying an additional 130,500 shares in the last quarter. 39.65% of the stock is currently owned by institutional investors.
Nice Systems Ltd. (NASDAQ:NICE) traded up 0.80% on Friday, hitting $67.09. 65,858 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $67.07 and a 200-day moving average price of $65.15. The stock has a market cap of $3.99 billion, a P/E ratio of 15.69 and a beta of 1.02. Nice Systems Ltd. has a 52-week low of $54.12 and a 52-week high of $69.46.
Nice Systems (NASDAQ:NICE) last issued its 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. Nice Systems had a net margin of 27.48% and a return on equity of 13.37%. The company had revenue of $235.40 million for the quarter, compared to the consensus estimate of $234.79 million. During the same period in the previous year, the firm earned $0.70 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts predict that Nice Systems Ltd. will post $3.55 earnings per share for the current fiscal year.
NICE has been the topic of a number of analyst reports. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Nice Systems in a research note on Thursday, June 23rd. Chardan Capital assumed coverage on shares of Nice Systems in a research note on Wednesday, June 22nd. They set a “buy” rating and a $63.00 target price on the stock. JPMorgan Chase & Co. reissued a “buy” rating on shares of Nice Systems in a research note on Thursday, June 30th. JMP Securities reissued a “buy” rating on shares of Nice Systems in a research note on Wednesday, August 31st. Finally, Zacks Investment Research lowered shares of Nice Systems from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $72.75.
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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