Nice Systems Ltd. (NICE) Given “Outperform” Rating at Imperial Capital
Imperial Capital reiterated their outperform rating on shares of Nice Systems Ltd. (NASDAQ:NICE) in a research report released on Wednesday morning. They currently have a $74.00 price objective on the stock.
A number of other research analysts also recently issued reports on the company. Oppenheimer Holdings Inc. reiterated an outperform rating and set a $75.00 price objective on shares of Nice Systems in a report on Monday, September 26th. Chardan Capital started coverage on Nice Systems in a research note on Wednesday, June 22nd. They issued a buy rating and a $63.00 price target for the company. Zacks Investment Research downgraded Nice Systems from a hold rating to a sell rating in a research note on Thursday, September 15th. JPMorgan Chase & Co. started coverage on Nice Systems in a research note on Wednesday, June 29th. They issued an overweight rating and a $74.00 price target for the company. Finally, JMP Securities restated a buy rating on shares of Nice Systems in a research note on Wednesday, August 31st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $72.75.
Shares of Nice Systems (NASDAQ:NICE) traded down 0.695% during midday trading on Wednesday, hitting $66.435. 65,554 shares of the company were exchanged. The firm has a market cap of $3.95 billion, a P/E ratio of 15.533 and a beta of 1.02. Nice Systems has a one year low of $54.12 and a one year high of $69.46. The company’s 50 day moving average price is $67.25 and its 200 day moving average price is $65.06.
Nice Systems (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.04. The business earned $235.40 million during the quarter, compared to the consensus estimate of $234.79 million. Nice Systems had a return on equity of 13.37% and a net margin of 27.48%. Nice Systems’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the company earned $0.70 earnings per share. Equities analysts expect that Nice Systems will post $3.55 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Investec Asset Management LTD acquired a new position in shares of Nice Systems during the first quarter valued at approximately $48,626,000. Janus Capital Management LLC increased its position in shares of Nice Systems by 5.6% in the second quarter. Janus Capital Management LLC now owns 4,082,428 shares of the company’s stock valued at $260,663,000 after buying an additional 215,720 shares in the last quarter. Penn Capital Management Co. Inc. increased its position in shares of Nice Systems by 108.6% in the second quarter. Penn Capital Management Co. Inc. now owns 261,144 shares of the company’s stock valued at $16,877,000 after buying an additional 135,949 shares in the last quarter. Credit Agricole S A increased its position in shares of Nice Systems by 900.0% in the first quarter. Credit Agricole S A now owns 145,000 shares of the company’s stock valued at $9,394,000 after buying an additional 130,500 shares in the last quarter. Finally, Palisade Capital Management LLC NJ acquired a new position in shares of Nice Systems during the first quarter valued at approximately $5,365,000. Institutional investors own 39.65% 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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