Zacks Investment Research downgraded shares of Nice Systems Ltd. (NASDAQ:NICE) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.

According to Zacks, “Nice Systems is the leading provider of Insight from Interactions solutions, based on advanced analytics of unstructured multimedia content from telephony, web, radio and video communications. Nice is the global provider of advanced solutions that enable organizations to extract Insight from Interactions to drive performance. NICE is revolutionizing VoIP interactions management with state-of-the-art solutions for IP contact centers, branches, and command and control centers. NICE’s solutions are changing the way organizations make decisions, helping them improve business and operational performance, address security threats and be proactive. “

Analyst Recommendations for Nice Systems (NASDAQ:NICE)

Several other research firms have also recently weighed in on NICE. JMP Securities raised Nice Systems from a market perform rating to an outperform rating and set a $78.00 target price on the stock in a research note on Thursday, May 26th. Imperial Capital reiterated an outperform rating and set a $74.00 price target on shares of Nice Systems in a report on Sunday, July 17th. Chardan Capital lifted their price target on Nice Systems from $70.00 to $72.00 and gave the company a buy rating in a report on Thursday, July 28th. JPMorgan Chase & Co. reiterated a buy rating on shares of Nice Systems in a report on Thursday, June 30th. Finally, Oppenheimer Holdings Inc. reiterated a buy rating and set a $75.00 price target on shares of Nice Systems in a report on Thursday, June 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $72.75.

Nice Systems (NASDAQ:NICE) opened at 66.10 on Thursday. The stock’s 50 day moving average price is $67.47 and its 200 day moving average price is $64.66. Nice Systems has a 1-year low of $53.06 and a 1-year high of $69.46. The stock has a market capitalization of $3.93 billion, a PE ratio of 15.45 and a beta of 0.96.

Nice Systems (NASDAQ:NICE) last released its earnings results on Thursday, July 28th. The company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.04. Nice Systems had a return on equity of 13.37% and a net margin of 27.48%. The company had revenue of $235.40 million for the quarter, compared to analysts’ expectations of $234.79 million. During the same quarter in the previous year, the business posted $0.70 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities research analysts forecast that Nice Systems will post $3.55 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Monday, August 15th were issued a $0.131 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.52 annualized dividend and a yield of 0.79%. Nice Systems’s dividend payout ratio (DPR) is currently 12.18%.

A number of large investors have recently bought and sold shares of the company. BB&T Securities LLC bought a new stake in Nice Systems during the first quarter valued at $204,000. Aureus Asset Management LLC raised its stake in Nice Systems by 95.0% in the second quarter. Aureus Asset Management LLC now owns 7,800 shares of the company’s stock valued at $446,000 after buying an additional 3,800 shares during the period. Ranger Investment Management L.P. raised its stake in Nice Systems by 117.5% in the second quarter. Ranger Investment Management L.P. now owns 7,810 shares of the company’s stock valued at $499,000 after buying an additional 4,220 shares during the period. Emerald Acquisition Ltd. bought a new stake in Nice Systems during the second quarter valued at $587,000. Finally, Bank of New York Mellon Corp raised its stake in Nice Systems by 4.1% in the second quarter. Bank of New York Mellon Corp now owns 10,373 shares of the company’s stock valued at $662,000 after buying an additional 407 shares during the period. Hedge funds and other institutional investors own 39.65% of the company’s stock.

Nice Systems Company Profile

NICE-Systems Ltd. is a global software company. The Company provides solutions for enterprises and security-sensitive organizations for the prevention of financial crimes and fraud, and for security and public safety. It operates in three segments: Customer Interactions Solutions, Security Solutions and Financial Crime and Compliance Solutions.

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