Investec Asset Management LTD boosted its stake in Nice Systems Ltd. (NASDAQ:NICE) by 1.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 752,316 shares of the technology company’s stock after purchasing an additional 14,075 shares during the quarter. Investec Asset Management LTD owned about 1.25% of Nice Systems worth $59,222,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. grew its holdings in Nice Systems by 12.8% in the first quarter. Asset Management One Co. Ltd. now owns 2,650 shares of the technology company’s stock valued at $180,000 after purchasing an additional 300 shares during the period. SG Americas Securities LLC grew its holdings in Nice Systems by 98.5% in the first quarter. SG Americas Securities LLC now owns 3,693 shares of the technology company’s stock valued at $251,000 after purchasing an additional 1,833 shares during the period. World Asset Management Inc grew its holdings in Nice Systems by 1.2% in the first quarter. World Asset Management Inc now owns 3,742 shares of the technology company’s stock valued at $254,000 after purchasing an additional 43 shares during the period. PNC Financial Services Group Inc. grew its holdings in Nice Systems by 520.2% in the first quarter. PNC Financial Services Group Inc. now owns 3,845 shares of the technology company’s stock valued at $262,000 after purchasing an additional 3,225 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in Nice Systems by 23.4% in the first quarter. Envestnet Asset Management Inc. now owns 4,035 shares of the technology company’s stock valued at $273,000 after purchasing an additional 765 shares during the period. Hedge funds and other institutional investors own 43.82% of the company’s stock.

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Nice Systems Ltd. (NICE) traded up 1.29% during midday trading on Monday, reaching $80.81. 48,057 shares of the company’s stock traded hands. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 66.24 and a beta of 0.90. Nice Systems Ltd. has a 52 week low of $63.72 and a 52 week high of $81.16. The company’s 50-day moving average price is $76.85 and its 200 day moving average price is $74.12.

Nice Systems (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. The firm had revenue of $315.30 million for the quarter, compared to analyst estimates of $313.44 million. Nice Systems had a net margin of 7.99% and a return on equity of 11.14%. The company’s revenue for the quarter was up 33.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 earnings per share. On average, equities research analysts expect that Nice Systems Ltd. will post $4.02 earnings per share for the current year.

A number of equities research analysts recently issued reports on the stock. 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 target price for the company. Zacks Investment Research upgraded shares of Nice Systems from a “strong sell” rating to a “hold” rating in a report on Thursday, July 6th. Barclays PLC set a $80.00 target price on shares of Nice Systems and gave the company a “hold” rating in a report on Friday, August 4th. Chardan Capital boosted their target price on shares of Nice Systems from $76.00 to $84.00 and gave the company a “buy” rating in a report on Monday, August 7th. Finally, Oppenheimer Holdings, Inc. boosted their target price on shares of Nice Systems from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Nice Systems presently has an average rating of “Hold” and a consensus price target of $79.75.

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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