The Q3 2016 EPS Estimates for Nice Systems Ltd. Decreased by Analyst (NICE)

The Q3 2016 EPS Estimates for Nice Systems Ltd. Decreased by Analyst (NICE)

Nice Systems Ltd. (NASDAQ:NICE) – Analysts at Imperial Capital lowered their Q3 2016 earnings per share (EPS) estimates for shares of Nice Systems in a note issued to investors on Wednesday. Imperial Capital analyst J. Kessler now anticipates that the brokerage will earn $0.67 per share for the quarter, down from their previous estimate of $0.72. Imperial Capital has a “Outperform” rating and a $74.00 price target on the stock. Imperial Capital also issued estimates for Nice Systems’ Q4 2016 earnings at $0.99 EPS and FY2016 earnings at $3.03 EPS.

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 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 earned $235.40 million during the quarter, compared to the consensus estimate of $234.79 million. During the same period in the previous year, the firm posted $0.70 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year.

NICE has been the subject of several other research reports. Zacks Investment Research raised shares of Nice Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, October 4th. Oppenheimer Holdings Inc. restated a “buy” rating and issued a $75.00 price objective on shares of Nice Systems in a report on Thursday, June 23rd. JPMorgan Chase & Co. assumed coverage on shares of Nice Systems in a report on Wednesday, June 29th. They issued an “overweight” rating and a $74.00 price objective for the company. JMP Securities restated a “buy” rating on shares of Nice Systems in a report on Wednesday, August 31st. Finally, 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. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $72.75.

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Nice Systems (NASDAQ:NICE) opened at 66.57 on Monday. The stock’s 50 day moving average is $67.20 and its 200-day moving average is $65.09. The firm has a market capitalization of $3.96 billion, a PE ratio of 15.56 and a beta of 1.02. Nice Systems has a one year low of $54.12 and a one year high of $69.46.

Hedge funds and other institutional investors have recently modified their holdings of the company. BB&T Securities LLC acquired a new position in shares of Nice Systems during the first quarter valued at about $204,000. Aureus Asset Management LLC raised its position 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 last quarter. Ranger Investment Management L.P. raised its position 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 last quarter. Emerald Acquisition Ltd. acquired a new position in shares of Nice Systems during the second quarter valued at about $587,000. Finally, Bank of New York Mellon Corp raised its position in shares of 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 last quarter. Institutional investors own 39.65% of the company’s stock.

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