Nice Systems Ltd. (NICE) Stock Rating Lowered by Zacks Investment Research
Nice Systems Ltd. (NASDAQ:NICE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.
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. “
NICE has been the subject of a number of other research reports. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and issued a $75.00 price target on shares of Nice Systems in a report on Thursday, June 23rd. Chardan Capital started coverage on Nice Systems in a report on Wednesday, June 22nd. They issued a “buy” rating and a $63.00 price target for the company. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Nice Systems in a report on Thursday, June 30th. JMP Securities reaffirmed a “buy” rating on shares of Nice Systems in a report on Wednesday, August 31st. Finally, Imperial Capital reaffirmed an “outperform” rating and issued a $74.00 price target on shares of Nice Systems in a report on Wednesday, October 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $72.75.
Nice Systems (NASDAQ:NICE) opened at 66.675 on Tuesday. Nice Systems has a one year low of $54.12 and a one year high of $69.46. The stock has a 50 day moving average price of $67.11 and a 200-day moving average price of $65.14. The stock has a market cap of $3.97 billion, a PE ratio of 15.589 and a beta of 1.02.
Nice Systems (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.04. The business earned $235.40 million during the quarter, compared to analysts’ expectations of $234.79 million. Nice Systems had a return on equity of 13.37% and a net margin of 27.48%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.70 EPS. Equities research analysts expect that Nice Systems will post $3.55 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Investec Asset Management LTD bought a new stake in Nice Systems during the first quarter worth about $48,626,000. Janus Capital Management LLC raised its stake in Nice Systems by 5.6% in the second quarter. Janus Capital Management LLC now owns 4,082,428 shares of the company’s stock worth $260,663,000 after buying an additional 215,720 shares during the period. Penn Capital Management Co. Inc. raised its stake in Nice Systems by 108.6% in the second quarter. Penn Capital Management Co. Inc. now owns 261,144 shares of the company’s stock worth $16,877,000 after buying an additional 135,949 shares during the period. Credit Agricole S A raised its stake in Nice Systems by 900.0% in the first quarter. Credit Agricole S A now owns 145,000 shares of the company’s stock worth $9,394,000 after buying an additional 130,500 shares during the period. Finally, Palisade Capital Management LLC NJ bought a new stake in Nice Systems during the first quarter worth about $5,365,000. Institutional investors and hedge funds 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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