Nice Systems Ltd. (NASDAQ:NICE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.
According to Zacks, “Nice Systems is the leading provider of Insight from Interactions solutions, based on advanced analytics of unstructured multimedia content from telephony, web, radio and video communications. Nice is the global provider of advanced solutions that enable organizations to extract Insight from Interactions to drive performance. NICE is revolutionizing VoIP interactions management with state-of-the-art solutions for IP contact centers, branches, and command and control centers. NICE’s solutions are changing the way organizations make decisions, helping them improve business and operational performance, address security threats and be proactive. “
Several other research firms also recently weighed in on NICE. Imperial Capital reiterated an “outperform” rating and set a $74.00 target price on shares of Nice Systems in a research report on Sunday, July 17th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $75.00 target price on shares of Nice Systems in a research report on Monday, September 26th. Chardan Capital began coverage on Nice Systems in a research report on Wednesday, June 22nd. They set a “buy” rating and a $63.00 target price for the company. JMP Securities reiterated a “buy” rating on shares of Nice Systems in a research report on Wednesday, August 31st. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Nice Systems in a research report on Thursday, June 30th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. Nice Systems has a consensus rating of “Buy” and a consensus target price of $72.75.
Nice Systems (NASDAQ:NICE) opened at 66.98 on Tuesday. The company has a 50-day moving average of $67.18 and a 200-day moving average of $65.11. Nice Systems has a 52 week low of $54.12 and a 52 week high of $69.46. The company has a market cap of $3.98 billion, a PE ratio of 15.66 and a beta of 1.02.
Nice Systems (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. The company earned $235.40 million during the quarter, compared to the consensus estimate of $234.79 million. Nice Systems had a return on equity of 13.37% and a net margin of 27.48%. Nice Systems’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the company earned $0.70 earnings per share. On average, equities analysts expect that Nice Systems will post $3.55 EPS for the current year.
Several institutional investors have recently made changes to their positions in the stock. US Bancorp DE raised its position in Nice Systems by 14.6% in the second quarter. US Bancorp DE now owns 134,395 shares of the company’s stock valued at $8,581,000 after buying an additional 17,165 shares during the period. Psagot Investment House Ltd. raised its position in Nice Systems by 1.6% in the second quarter. Psagot Investment House Ltd. now owns 165,983 shares of the company’s stock valued at $10,598,000 after buying an additional 2,634 shares during the period. Tygh Capital Management Inc. bought a new position in Nice Systems during the second quarter valued at about $1,435,000. Emerald Acquisition Ltd. bought a new position in Nice Systems during the second quarter valued at about $587,000. Finally, Bank of New York Mellon Corp raised its position 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 period. Hedge funds and other institutional investors own 39.65% of the company’s stock.
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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