Nice Systems Ltd. (NASDAQ:NICE) – Investment analysts at Imperial Capital decreased their Q3 2016 earnings estimates for Nice Systems in a research note issued to investors on Wednesday. Imperial Capital analyst J. Kessler now expects that the firm will post earnings per share of $0.67 for the quarter, down from their prior estimate of $0.72. Imperial Capital has a “Outperform” rating and a $74.00 price target on the stock. Imperial Capital also issued estimates for Nice Systems’ Q4 2016 earnings at $0.99 EPS and FY2016 earnings at $3.03 EPS.
Other research analysts also recently issued reports about the company. Oppenheimer Holdings Inc. reiterated a “buy” rating and issued a $75.00 price target on shares of Nice Systems in a report on Thursday, June 23rd. Chardan Capital started coverage on Nice Systems in a report on Wednesday, June 22nd. They issued a “buy” rating and a $63.00 price target for the company. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Nice Systems in a report on Thursday, June 30th. JMP Securities reiterated a “buy” rating on shares of Nice Systems in a report on Wednesday, August 31st. Finally, Zacks Investment Research downgraded Nice Systems from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $72.75.
Nice Systems (NASDAQ:NICE) opened at 66.98 on Monday. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 15.66 and a beta of 1.02. Nice Systems has a 12 month low of $54.12 and a 12 month high of $69.46. The company’s 50-day moving average price is $67.18 and its 200 day moving average price is $65.11.
Nice Systems (NASDAQ:NICE) last announced its earnings results on Thursday, July 28th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 had revenue of $235.40 million for the quarter, compared to analyst estimates of $234.79 million. During the same period in the prior year, the company posted $0.70 EPS. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year.
A number of hedge funds have recently made changes to their positions in NICE. BB&T Securities LLC acquired a new stake in shares of Nice Systems during the first quarter worth $204,000. Aureus Asset Management LLC boosted its stake in shares of Nice Systems by 95.0% in the second quarter. Aureus Asset Management LLC now owns 7,800 shares of the company’s stock worth $446,000 after buying an additional 3,800 shares during the period. Ranger Investment Management L.P. boosted its stake in shares of Nice Systems by 117.5% in the second quarter. Ranger Investment Management L.P. now owns 7,810 shares of the company’s stock worth $499,000 after buying an additional 4,220 shares during the period. Emerald Acquisition Ltd. acquired a new stake in shares of Nice Systems during the second quarter worth $587,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of 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 worth $662,000 after buying an additional 407 shares during the period. 39.65% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Nice Systems Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nice Systems Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.