Boston Advisors LLC held its position in shares of Nice Systems Ltd. (NASDAQ:NICE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,369 shares of the company’s stock at the end of the second quarter. Boston Advisors LLC’s holdings in Nice Systems were worth $407,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Investec Asset Management LTD acquired a new position in shares of Nice Systems during the first quarter valued at approximately $48,626,000. Credit Agricole S A increased its position in shares of Nice Systems by 900.0% in the first quarter. Credit Agricole S A now owns 145,000 shares of the company’s stock valued at $9,394,000 after buying an additional 130,500 shares in the last quarter. Palisade Capital Management LLC NJ acquired a new position in shares of Nice Systems during the first quarter valued at approximately $5,365,000. Menta Capital LLC increased its position in shares of Nice Systems by 40.3% in the first quarter. Menta Capital LLC now owns 173,571 shares of the company’s stock valued at $11,246,000 after buying an additional 49,895 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its position in shares of Nice Systems by 20.0% in the second quarter. Eagle Asset Management Inc. now owns 188,988 shares of the company’s stock valued at $12,066,000 after buying an additional 31,551 shares in the last quarter. 39.65% of the stock is currently owned by institutional investors and hedge funds.
Shares of Nice Systems Ltd. (NASDAQ:NICE) traded down 0.67% during mid-day trading on Thursday, reaching $66.45. The company had a trading volume of 104,539 shares. Nice Systems Ltd. has a 12-month low of $54.12 and a 12-month high of $69.46. The stock has a market capitalization of $3.95 billion, a P/E ratio of 15.54 and a beta of 1.02. The firm’s 50 day moving average is $67.23 and its 200-day moving average is $65.07.
Nice Systems (NASDAQ:NICE) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.04. Nice Systems had a return on equity of 13.37% and a net margin of 27.48%. The company earned $235.40 million during the quarter, compared to analysts’ expectations of $234.79 million. During the same period last year, the firm posted $0.70 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. On average, analysts expect that Nice Systems Ltd. will post $3.55 earnings per share for the current fiscal year.
Several research analysts have commented on the company. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Nice Systems in a research report on Thursday, June 30th. Zacks Investment Research cut Nice Systems from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. JMP Securities restated a “buy” rating on shares of Nice Systems in a research report on Wednesday, August 31st. Imperial Capital restated an “outperform” rating and set a $74.00 price objective on shares of Nice Systems in a research report on Wednesday. Finally, Chardan Capital assumed coverage on Nice Systems in a research report on Wednesday, June 22nd. They set a “buy” rating and a $63.00 price objective on the stock. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $72.75.
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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