Nice Systems Ltd. (NASDAQ:NICE) had its target price increased by Chardan Capital from $76.00 to $84.00 in a research note issued to investors on Monday, August 7th, MarketBeat Ratings reports. They currently have a buy rating on the technology company’s stock.
A number of other analysts also recently issued reports on the company. Barclays PLC reiterated a hold rating on shares of Nice Systems in a research report on Monday, August 7th. Oppenheimer Holdings, Inc. lifted their price target on Nice Systems from $80.00 to $85.00 and gave the company an outperform rating in a research report on Friday, August 4th. BidaskClub downgraded Nice Systems from a hold rating to a sell rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded Nice Systems from a strong sell rating to a hold rating in a research report on Thursday, July 6th. Finally, Citigroup Inc. began coverage on Nice Systems in a research report on Wednesday, June 7th. They issued a neutral rating and a $82.00 target price for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of $79.71.
Shares of Nice Systems (NICE) traded down 0.67% on Monday, reaching $74.67. The company’s stock had a trading volume of 214,904 shares. Nice Systems has a 12 month low of $63.72 and a 12 month high of $81.16. The firm’s 50-day moving average price is $76.59 and its 200-day moving average price is $72.91.
Nice Systems (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. The firm had revenue of $315.30 million during the quarter, compared to the consensus estimate of $313.44 million. Nice Systems had a return on equity of 11.14% and a net margin of 7.99%. The company’s revenue for the quarter was up 33.9% on a year-over-year basis. During the same quarter last year, the company posted $0.79 EPS. On average, equities analysts predict that Nice Systems will post $4.02 earnings per share for the current fiscal year.
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A number of hedge funds have recently added to or reduced their stakes in NICE. Eagle Boston Investment Management Inc. increased its stake in Nice Systems by 15.0% in the first quarter. Eagle Boston Investment Management Inc. now owns 3,526 shares of the technology company’s stock worth $239,000 after buying an additional 459 shares during the last quarter. Eagle Asset Management Inc. boosted its position in shares of Nice Systems by 13.7% in the first quarter. Eagle Asset Management Inc. now owns 244,155 shares of the technology company’s stock worth $16,597,000 after buying an additional 29,349 shares during the period. Sei Investments Co. boosted its position in shares of Nice Systems by 3.0% in the first quarter. Sei Investments Co. now owns 88,877 shares of the technology company’s stock worth $6,042,000 after buying an additional 2,573 shares during the period. Karp Capital Management Corp bought a new position in shares of Nice Systems during the first quarter worth approximately $9,157,000. Finally, Teza Capital Management LLC bought a new position in shares of Nice Systems during the first quarter worth approximately $324,000. Institutional investors own 43.46% 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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