Nice Systems Ltd. (NASDAQ:NICE) has received a consensus rating of “Hold” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $77.80.
NICE has been the topic of a number of research analyst reports. Citigroup Inc. initiated coverage on Nice Systems in a report on Wednesday, June 7th. They set a “neutral” rating and a $82.00 price target on the stock. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $80.00 price target on shares of Nice Systems in a report on Friday, May 12th. Finally, Zacks Investment Research upgraded Nice Systems from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 19th.
Shares of Nice Systems (NICE) traded up 0.47% during midday trading on Monday, hitting $77.59. The stock had a trading volume of 105,858 shares. The firm has a market cap of $4.67 billion, a PE ratio of 47.90 and a beta of 0.88. Nice Systems has a 1-year low of $63.15 and a 1-year high of $81.16.
Nice Systems (NASDAQ:NICE) last released its quarterly earnings data on Thursday, May 4th. The technology company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.11. The firm had revenue of $305.62 million for the quarter, compared to the consensus estimate of $308.97 million. Nice Systems had a return on equity of 12.81% and a net margin of 9.05%. Equities analysts expect that Nice Systems will post $3.97 earnings per share for the current year.
Several hedge funds have recently modified their holdings of the company. Asset Management One Co. Ltd. boosted its stake in shares of Nice Systems by 12.8% in the first quarter. Asset Management One Co. Ltd. now owns 2,650 shares of the technology company’s stock worth $180,000 after buying an additional 300 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Nice Systems by 739.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,096 shares of the technology company’s stock valued at $210,000 after buying an additional 2,727 shares during the period. Eagle Boston Investment Management Inc. boosted its position 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 valued at $239,000 after buying an additional 459 shares during the period. SG Americas Securities LLC boosted its position in Nice Systems by 98.5% in the first quarter. SG Americas Securities LLC now owns 3,693 shares of the technology company’s stock valued at $251,000 after buying an additional 1,833 shares during the period. Finally, World Asset Management Inc boosted its position in Nice Systems by 1.2% in the first quarter. World Asset Management Inc now owns 3,742 shares of the technology company’s stock valued at $254,000 after buying an additional 43 shares during the period. 43.03% of the stock is currently owned by hedge funds and other institutional investors.
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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