Today: The Nice Systems Ltd. (NICE) Given Average Rating of “Buy” by Analysts

The Nice Systems Ltd. (NICE) Given Average Rating of “Buy” by Analysts

Shares of Nice Systems Ltd. (NASDAQ:NICE) have earned a consensus rating of “Buy” from the eight ratings firms that are presently covering the stock. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $71.60.

Several analysts have commented on the stock. JPMorgan Chase & Co. restated a “buy” rating on shares of Nice Systems in a report on Thursday, June 30th. Zacks Investment Research lowered shares of Nice Systems from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. JMP Securities restated a “buy” rating on shares of Nice Systems in a report on Wednesday, August 31st. Chardan Capital assumed coverage on shares of Nice Systems in a report on Wednesday, June 22nd. They issued a “buy” rating and a $63.00 price objective for the company. Finally, Oppenheimer Holdings Inc. reiterated a “buy” rating and set a $75.00 target price on shares of Nice Systems in a report on Thursday, June 23rd.

Nice Systems (NASDAQ:NICE) traded down 0.37% during trading on Monday, hitting $66.84. The stock had a trading volume of 35,813 shares. Nice Systems has a 1-year low of $54.12 and a 1-year high of $69.46. The company has a market capitalization of $3.98 billion, a P/E ratio of 15.63 and a beta of 1.02. The stock’s 50-day moving average price is $67.04 and its 200-day moving average price is $65.16.

Nice Systems (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.79 EPS for the quarter, topping 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 business earned $235.40 million during the quarter, compared to analyst estimates of $234.79 million. During the same period last year, the business posted $0.70 earnings per share. Nice Systems’s quarterly revenue was up 9.1% compared to the same quarter last year. Analysts expect that Nice Systems will post $3.55 earnings per share for the current year.

Several large investors have recently made changes to their positions in the stock. Eagle Boston Investment Management Inc. purchased a new stake in shares of Nice Systems during the third quarter valued at $203,000. Eagle Asset Management Inc. increased its stake in shares of Nice Systems by 13.6% in the third quarter. Eagle Asset Management Inc. now owns 214,618 shares of the company’s stock valued at $14,366,000 after buying an additional 25,630 shares during the period. Dorsey Wright & Associates increased its stake in shares of Nice Systems by 39.9% in the third quarter. Dorsey Wright & Associates now owns 8,165 shares of the company’s stock valued at $547,000 after buying an additional 2,328 shares during the period. Aureus Asset Management LLC increased 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 valued at $446,000 after buying an additional 3,800 shares during the period. Finally, Ranger Investment Management L.P. increased 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 valued at $499,000 after buying an additional 4,220 shares during the period. 39.65% of the stock is owned by institutional investors.

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