Goldman Sachs Group, Inc. (The) Begins Coverage on Nice Systems Ltd. (NICE)
Goldman Sachs Group, Inc. (The) assumed coverage on shares of Nice Systems Ltd. (NASDAQ:NICE) in a report published on Friday morning. The firm issued a neutral rating and a $76.00 price objective on the stock.
A number of other equities analysts have also recently issued reports on NICE. Oppenheimer Holdings, Inc. reissued an outperform rating and issued a $75.00 target price on shares of Nice Systems in a report on Wednesday, December 21st. Imperial Capital cut shares of Nice Systems from an outperform rating to an in-line rating and raised their target price for the stock from $74.00 to $76.00 in a report on Friday, January 13th. Chardan Capital reissued a buy rating and issued a $72.00 target price on shares of Nice Systems in a report on Monday, November 14th. JMP Securities reissued a buy rating on shares of Nice Systems in a report on Friday, November 11th. Finally, Zacks Investment Research raised shares of Nice Systems from a hold rating to a strong-buy rating and set a $75.00 target price on the stock in a report on Wednesday, December 7th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $75.71.
Nice Systems (NASDAQ:NICE) traded up 1.94% during midday trading on Friday, hitting $70.31. The company had a trading volume of 280,630 shares. Nice Systems has a 12-month low of $58.88 and a 12-month high of $70.84. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 28.89 and a beta of 0.85. The company’s 50 day moving average is $69.08 and its 200 day moving average is $67.50.
Nice Systems (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, February 16th. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.17 by $0.01. Nice Systems had a net margin of 15.35% and a return on equity of 13.28%. The business had revenue of $323.90 million for the quarter, compared to analysts’ expectations of $327.85 million. During the same quarter last year, the company posted $1.09 earnings per share. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, equities analysts anticipate that Nice Systems will post $3.60 EPS for the current fiscal year.
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A number of institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its position in shares of 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 worth $662,000 after buying an additional 407 shares in the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of Nice Systems during the second quarter worth about $587,000. Investec Asset Management North America Inc. boosted its position in shares of Nice Systems by 351.2% in the second quarter. Investec Asset Management North America Inc. now owns 55,349 shares of the company’s stock worth $3,534,000 after buying an additional 43,082 shares in the last quarter. Aureus Asset Management LLC boosted its position in shares of Nice Systems by 95.0% in the second quarter. Aureus Asset Management LLC now owns 7,800 shares of the company’s stock worth $446,000 after buying an additional 3,800 shares in the last quarter. Finally, Dorsey Wright & Associates boosted its position in shares of Nice Systems by 39.9% in the third quarter. Dorsey Wright & Associates now owns 8,165 shares of the company’s stock worth $547,000 after buying an additional 2,328 shares in the last quarter. 39.93% 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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