Trading Report: Today, Nationwide Fund Advisors Sold shares of Nice Systems Ltd. (NICE)

Today, Nationwide Fund Advisors Sold shares of Nice Systems Ltd. (NICE)

Nationwide Fund Advisors decreased its stake in Nice Systems Ltd. (NASDAQ:NICE) by 3.7% during the second quarter, Holdings Channel reports. The firm owned 25,000 shares of the company’s stock after selling 973 shares during the period. Nationwide Fund Advisors’ holdings in Nice Systems were worth $1,596,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in NICE. BB&T Securities LLC acquired a new position in shares of Nice Systems during the first quarter valued at $204,000. Psagot Investment House Ltd. increased its position 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 valued at $10,598,000 after buying an additional 2,634 shares during the period. Tygh Capital Management Inc. acquired a new position in shares of Nice Systems during the second quarter valued at $1,435,000. Credit Agricole S A increased its position in shares of 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 during the period. Finally, Sphera Funds Management LTD. acquired a new position in shares of Nice Systems during the first quarter valued at $1,769,000. Hedge funds and other institutional investors own 39.65% of the company’s stock.

Nice Systems Ltd. (NASDAQ:NICE) opened at 67.01 on Monday. The firm has a market cap of $3.99 billion, a PE 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 stock has a 50 day moving average price of $67.04 and a 200 day moving average price of $65.16.

Nice Systems (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.79 earnings per share for the quarter, beating 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 company had revenue of $235.40 million for the quarter, compared to analysts’ expectations of $234.79 million. During the same period last year, the firm earned $0.70 earnings per share. Nice Systems’s quarterly revenue was up 9.1% on a year-over-year basis. Equities research analysts expect that Nice Systems Ltd. will post $3.55 EPS for the current year.

NICE has been the topic of several research analyst reports. Chardan Capital initiated coverage on Nice Systems in a research note on Wednesday, June 22nd. They set a “buy” rating and a $63.00 price target on the stock. Oppenheimer Holdings Inc. reiterated a “buy” rating and set a $75.00 price target on shares of Nice Systems in a research note on Thursday, June 23rd. JPMorgan Chase & Co. initiated coverage on Nice Systems in a research note on Wednesday, June 29th. They set an “overweight” rating and a $74.00 price target on the stock. Imperial Capital reiterated an “outperform” rating and set a $74.00 price target on shares of Nice Systems in a research note on Sunday, July 17th. Finally, Zacks Investment Research downgraded Nice Systems from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. 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. Nice Systems currently has an average rating of “Buy” and a consensus price target 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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