Solaris Asset Management LLC increased its stake in Nice Systems Ltd. (NASDAQ:NICE) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,440 shares of the technology company’s stock after buying an additional 1,670 shares during the period. Nice Systems comprises about 2.8% of Solaris Asset Management LLC’s holdings, making the stock its 7th largest position. Solaris Asset Management LLC’s holdings in Nice Systems were worth $4,600,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Janus Capital Management LLC increased its stake 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 valued at $304,743,000 after buying an additional 273,959 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake 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 valued at $276,623,000 after buying an additional 86,117 shares during the last quarter. OppenheimerFunds Inc. increased its stake in Nice Systems by 30.0% in the first quarter. OppenheimerFunds Inc. now owns 2,294,826 shares of the technology company’s stock valued at $156,002,000 after buying an additional 529,620 shares during the last quarter. Neuberger Berman Group LLC increased its stake 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 valued at $90,882,000 after buying an additional 18,821 shares during the last quarter. Finally, Rivulet Capital LLC increased its stake in Nice Systems by 1.5% in the first quarter. Rivulet Capital LLC now owns 968,520 shares of the technology company’s stock valued at $65,840,000 after buying an additional 14,300 shares during the last quarter. Hedge funds and other institutional investors own 43.70% of the company’s stock.

Nice Systems Ltd. (NICE) opened at 75.59 on Wednesday. The firm has a market cap of $4.54 billion, a P/E ratio of 46.66 and a beta of 0.87. The stock has a 50 day moving average price of $77.67 and a 200-day moving average price of $72.48. Nice Systems Ltd. has a one year low of $63.72 and a one year high of $81.16.

Nice Systems (NASDAQ:NICE) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. The company had revenue of $315.30 million for the quarter, compared to analyst estimates of $313.44 million. Nice Systems had a return on equity of 11.14% and a net margin of 7.99%. Nice Systems’s revenue was up 33.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.79 earnings per share. Analysts predict that Nice Systems Ltd. will post $4.02 EPS for the current fiscal year.

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NICE has been the topic of several recent analyst reports. Zacks Investment Research upgraded Nice Systems from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 19th. BidaskClub downgraded Nice Systems from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Oppenheimer Holdings, Inc. boosted their price objective on Nice Systems to $85.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Barclays PLC restated a “hold” rating on shares of Nice Systems in a report on Monday. Finally, Citigroup Inc. initiated coverage on Nice Systems in a report on Wednesday, June 7th. They set a “neutral” rating and a $82.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $79.71.

Nice Systems Company Profile

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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Institutional Ownership by Quarter for Nice Systems (NASDAQ:NICE)

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