Nice Systems Ltd. (NASDAQ:NICE) had its target price raised by Oppenheimer Holdings, Inc. to $85.00 in a research report report published on Friday morning. Oppenheimer Holdings, Inc. currently has an outperform rating on the technology company’s stock.

Several other research analysts have also recently weighed in on the stock. BidaskClub cut shares of Nice Systems from a hold rating to a sell rating in a report on Thursday. Zacks Investment Research raised shares of Nice Systems from a strong sell rating to a hold rating in a report on Thursday, July 6th. Finally, Citigroup Inc. assumed coverage on shares of Nice Systems in a report on Wednesday, June 7th. They issued a neutral rating and a $82.00 price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of Hold and an average target price of $78.57.

Shares of Nice Systems (NASDAQ NICE) traded up 0.88% during midday trading on Friday, hitting $76.58. The company’s stock had a trading volume of 175,010 shares. The firm has a market cap of $4.60 billion, a P/E ratio of 47.27 and a beta of 0.87. Nice Systems has a 52-week low of $63.72 and a 52-week high of $81.16.

Nice Systems (NASDAQ:NICE) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. The firm had revenue of $315.30 million for the quarter, compared to analysts’ expectations of $313.44 million. Nice Systems had a net margin of 7.99% and a return on equity of 11.30%. The business’s quarterly revenue was up 33.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 earnings per share. Analysts forecast that Nice Systems will post $3.97 earnings per share for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janus Capital Management LLC boosted its position in Nice Systems by 6.5% in the first quarter. Janus Capital Management LLC now owns 4,482,834 shares of the technology company’s stock worth $304,743,000 after buying an additional 273,959 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Nice Systems by 2.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,069,168 shares of the technology company’s stock worth $276,623,000 after buying an additional 86,117 shares in the last quarter. OppenheimerFunds Inc. boosted its position in Nice Systems by 30.0% in the first quarter. OppenheimerFunds Inc. now owns 2,294,826 shares of the technology company’s stock worth $156,002,000 after buying an additional 529,620 shares in the last quarter. Neuberger Berman Group LLC boosted its position in Nice Systems by 1.4% in the first quarter. Neuberger Berman Group LLC now owns 1,336,898 shares of the technology company’s stock worth $90,882,000 after buying an additional 18,821 shares in the last quarter. Finally, Rivulet Capital LLC boosted its position in Nice Systems by 1.5% in the first quarter. Rivulet Capital LLC now owns 968,520 shares of the technology company’s stock worth $65,840,000 after buying an additional 14,300 shares in the last quarter. 42.84% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Nice Systems (NASDAQ:NICE)

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