NICE Systems (NICE) Receives “Buy” Rating from Jefferies Group

Jefferies Group restated their buy rating on shares of NICE Systems (NASDAQ:NICE) in a research report report published on Wednesday. Jefferies Group currently has a $119.00 price target on the technology company’s stock.

A number of other brokerages have also recently commented on NICE. Barclays set a $100.00 target price on NICE Systems and gave the stock a hold rating in a report on Thursday, May 10th. Zacks Investment Research lowered NICE Systems from a strong-buy rating to a hold rating in a research note on Saturday, May 12th. Morgan Stanley assumed coverage on NICE Systems in a research note on Tuesday, May 8th. They issued an equal weight rating and a $101.00 price target for the company. ValuEngine upgraded NICE Systems from a buy rating to a strong-buy rating in a research note on Wednesday, May 2nd. Finally, BidaskClub upgraded NICE Systems from a hold rating to a buy rating in a research note on Thursday, March 1st. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $101.38.

NICE Systems stock traded up $0.67 during trading on Wednesday, reaching $104.23. The company had a trading volume of 5,403 shares, compared to its average volume of 180,636. NICE Systems has a 52 week low of $102.88 and a 52 week high of $104.00. The stock has a market cap of $6.14 billion, a P/E ratio of 42.79, a P/E/G ratio of 3.63 and a beta of 0.73. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 1.38.

NICE Systems (NASDAQ:NICE) last announced its earnings results on Thursday, May 10th. The technology company reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.16). NICE Systems had a return on equity of 8.71% and a net margin of 10.98%. The company had revenue of $340.93 million during the quarter, compared to the consensus estimate of $332.87 million. analysts predict that NICE Systems will post 2.51 EPS for the current year.

A number of hedge funds have recently modified their holdings of NICE. Bank of Montreal Can increased its stake in NICE Systems by 12.0% in the 4th quarter. Bank of Montreal Can now owns 12,692 shares of the technology company’s stock worth $1,167,000 after buying an additional 1,360 shares in the last quarter. American Capital Management Inc. increased its stake in NICE Systems by 1.4% in the 4th quarter. American Capital Management Inc. now owns 574,847 shares of the technology company’s stock worth $52,834,000 after buying an additional 7,815 shares in the last quarter. Victory Capital Management Inc. increased its stake in NICE Systems by 12.0% in the 4th quarter. Victory Capital Management Inc. now owns 831,357 shares of the technology company’s stock worth $76,410,000 after buying an additional 89,288 shares in the last quarter. Aperio Group LLC grew its position in shares of NICE Systems by 2.3% during the fourth quarter. Aperio Group LLC now owns 129,850 shares of the technology company’s stock valued at $11,935,000 after purchasing an additional 2,892 shares in the last quarter. Finally, Tygh Capital Management Inc. grew its position in shares of NICE Systems by 2.9% during the fourth quarter. Tygh Capital Management Inc. now owns 95,575 shares of the technology company’s stock valued at $8,784,000 after purchasing an additional 2,669 shares in the last quarter. Institutional investors and hedge funds own 44.54% of the company’s stock.

NICE Systems Company Profile

NICE Ltd. provides enterprise software solutions worldwide. It operates in two segments, Customer Engagement and Financial Crime and Compliance. The Customer Engagement segment offers platform and solutions that empower businesses to deliver consistent and personalized experience across the customer journey, and delivered in the cloud, as well as on premise.

Analyst Recommendations for NICE Systems (NASDAQ:NICE)

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