UBS Asset Management Americas Inc. cut its position in Nice Systems Ltd. (NASDAQ:NICE) by 47.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,553 shares of the company’s stock after selling 15,068 shares during the period. UBS Asset Management Americas Inc.’s holdings in Nice Systems were worth $1,057,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Psagot Investment House Ltd. increased its stake in shares of Nice Systems by 1.6% in the second quarter. Psagot Investment House Ltd. now owns 165,983 shares of the company’s stock worth $10,598,000 after buying an additional 2,634 shares during the last quarter. Tygh Capital Management Inc. acquired a new position in Nice Systems during the second quarter worth $1,435,000. Emerald Acquisition Ltd. acquired a new position in Nice Systems during the second quarter worth $587,000. Bank of New York Mellon Corp boosted 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 worth $662,000 after buying an additional 407 shares during the last quarter. Finally, Eagle Asset Management Inc. boosted its position in Nice Systems by 20.0% in the second quarter. Eagle Asset Management Inc. now owns 188,988 shares of the company’s stock worth $12,066,000 after buying an additional 31,551 shares during the last quarter. Hedge funds and other institutional investors own 39.65% of the company’s stock.
Shares of Nice Systems Ltd. (NASDAQ:NICE) opened at 66.76 on Tuesday. The company has a 50 day moving average price of $67.00 and a 200 day moving average price of $65.17. The firm has a market cap of $3.97 billion, a PE ratio of 15.61 and a beta of 1.02. Nice Systems Ltd. has a 12-month low of $54.12 and a 12-month high of $69.46.
Nice Systems (NASDAQ:NICE) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.79 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $235.40 million for the quarter, compared to analyst estimates of $234.79 million. During the same quarter last year, the company posted $0.70 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. On average, analysts forecast that Nice Systems Ltd. will post $3.55 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on the company. JMP Securities reaffirmed a “buy” rating on shares of Nice Systems in a report on Wednesday, August 31st. Zacks Investment Research cut Nice Systems from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Nice Systems in a report on Monday, September 26th. Imperial Capital reaffirmed an “outperform” rating and issued a $74.00 price target on shares of Nice Systems in a report on Wednesday, October 5th. Finally, Chardan Capital upped their price target on Nice Systems from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. Nice Systems 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.