Oppenheimer Holdings Inc. reaffirmed their outperform rating on shares of Nice Systems Ltd. (NASDAQ:NICE) in a report issued on Monday. Oppenheimer Holdings Inc. currently has a $75.00 price target on the stock.
Several other equities analysts also recently issued reports on the stock. Imperial Capital restated an outperform rating and set a $74.00 price objective on shares of Nice Systems in a report on Sunday, July 17th. Chardan Capital started coverage on shares of Nice Systems in a report on Wednesday, June 22nd. They set a buy rating and a $63.00 price objective on the stock. Zacks Investment Research downgraded shares of Nice Systems from a hold rating to a sell rating in a report on Thursday, September 15th. JPMorgan Chase & Co. assumed coverage on shares of Nice Systems in a report on Wednesday, June 29th. They set an overweight rating and a $74.00 price objective on the stock. Finally, JMP Securities reiterated a buy rating on shares of Nice Systems in a research report on Wednesday, August 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Buy and an average target price of $72.75.
Nice Systems (NASDAQ:NICE) opened at 67.09 on Monday. Nice Systems has a 52 week low of $54.12 and a 52 week high of $69.46. The company has a 50 day moving average of $67.36 and a 200 day moving average of $64.92. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 15.69 and a beta of 0.96.
Nice Systems (NASDAQ:NICE) last posted its quarterly earnings data 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 net margin of 27.48% and a return on equity of 13.37%. The firm had revenue of $235.40 million for the quarter, compared to the consensus estimate of $234.79 million. During the same quarter in the prior year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities analysts forecast that Nice Systems will post $3.55 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Monday, August 15th were given a $0.131 dividend. The ex-dividend date was Thursday, August 11th. This represents a $0.52 annualized dividend and a yield of 0.78%. Nice Systems’s dividend payout ratio is presently 12.18%.
Large investors have recently added to or reduced their stakes in the company. Palisade Capital Management LLC NJ bought a new stake in Nice Systems during the first quarter valued at approximately $5,365,000. Menta Capital LLC raised its stake in 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. Investec Asset Management LTD bought a new stake in Nice Systems during the first quarter valued at approximately $48,626,000. Investec Asset Management North America Inc. bought a new stake in Nice Systems during the first quarter valued at approximately $795,000. Finally, Credit Agricole S A raised its stake in 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. Institutional investors and hedge funds own 39.65% of the company’s stock.
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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