Emerald Acquisition Ltd. bought a new stake in Nice Systems Ltd. (NASDAQ:NICE) during the second quarter, according to its most recent filing with the SEC. The fund bought 9,196 shares of the company’s stock, valued at approximately $587,000.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in 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 valued at $662,000 after buying an additional 407 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in 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 during the last quarter. Sphera Funds Management LTD. purchased a new stake in Nice Systems during the first quarter valued at approximately $1,769,000. Geode Capital Management LLC boosted its stake in Nice Systems by 7.8% in the first quarter. Geode Capital Management LLC now owns 26,412 shares of the company’s stock valued at $1,711,000 after buying an additional 1,920 shares during the last quarter. Finally, BB&T Securities LLC purchased a new stake in Nice Systems during the first quarter valued at approximately $204,000. 39.65% of the stock is owned by hedge funds and other institutional investors.
Nice Systems Ltd. (NASDAQ:NICE) traded down 0.10% during trading on Monday, hitting $67.02. 16,316 shares of the company traded hands. The firm has a market cap of $3.99 billion, a P/E ratio of 15.67 and a beta of 1.02. Nice Systems Ltd. has a one year low of $54.12 and a one year high of $69.46. The firm has a 50 day moving average of $67.04 and a 200 day moving average of $65.16.
Nice Systems (NASDAQ:NICE) last released its earnings results on Thursday, July 28th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.75 by $0.04. Nice Systems had a net margin of 27.48% and a return on equity of 13.37%. The business earned $235.40 million during the quarter, compared to analyst estimates of $234.79 million. During the same period in the prior year, the business earned $0.70 earnings per share. The business’s quarterly 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 analysts have commented on the stock. Zacks Investment Research cut shares of Nice Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, October 11th. Imperial Capital reissued an “outperform” rating and set a $74.00 price objective on shares of Nice Systems in a research note on Wednesday, October 5th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $75.00 price objective on shares of Nice Systems in a research note on Monday, September 26th. JMP Securities reissued a “buy” rating on shares of Nice Systems in a research note on Wednesday, August 31st. Finally, Chardan Capital boosted their price objective on shares of Nice Systems from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, July 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $72.75.
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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