Neuberger Berman Group LLC cut its position in Nice Systems Ltd. (NASDAQ:NICE) by 1.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,362,425 shares of the company’s stock after selling 20,506 shares during the period. Neuberger Berman Group LLC’s holdings in Nice Systems were worth $91,201,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of NICE. Tygh Capital Management Inc. raised its stake in Nice Systems by 51.6% in the third quarter. Tygh Capital Management Inc. now owns 34,073 shares of the company’s stock worth $2,281,000 after buying an additional 11,602 shares during the last quarter. Aperio Group LLC raised its stake in Nice Systems by 12.6% in the third quarter. Aperio Group LLC now owns 242,846 shares of the company’s stock worth $16,256,000 after buying an additional 27,172 shares during the last quarter. Boston Advisors LLC raised its stake in Nice Systems by 0.3% in the third quarter. Boston Advisors LLC now owns 6,389 shares of the company’s stock worth $428,000 after buying an additional 20 shares during the last quarter. Solaris Asset Management LLC raised its stake in Nice Systems by 5.7% in the third quarter. Solaris Asset Management LLC now owns 62,890 shares of the company’s stock worth $4,210,000 after buying an additional 3,375 shares during the last quarter. Finally, Eagle Boston Investment Management Inc. acquired a new stake in Nice Systems during the third quarter worth approximately $203,000. 40.34% of the stock is owned by institutional investors and hedge funds.
Nice Systems Ltd. (NASDAQ:NICE) traded up 0.80% during trading on Monday, reaching $66.46. The company had a trading volume of 67,628 shares. The firm has a market capitalization of $3.95 billion, a P/E ratio of 15.54 and a beta of 0.89. The stock has a 50 day moving average price of $66.57 and a 200 day moving average price of $65.72. Nice Systems Ltd. has a 52 week low of $54.12 and a 52 week high of $69.79.
Nice Systems (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, November 10th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.81 by $0.02. Nice Systems had a return on equity of 13.28% and a net margin of 15.35%. The firm earned $237.20 million during the quarter, compared to analyst estimates of $240.07 million. During the same quarter in the prior year, the business posted $0.75 EPS. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. Analysts predict that Nice Systems Ltd. will post $3.58 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 6th. Investors of record on Tuesday, November 22nd will be given a $0.131 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Friday, November 18th. Nice Systems’s payout ratio is 21.31%.
A number of research firms have commented on NICE. Zacks Investment Research raised Nice Systems from a “sell” rating to a “hold” rating in a report on Friday, November 18th. Chardan Capital reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Nice Systems in a report on Monday, November 14th. JMP Securities reaffirmed a “buy” rating on shares of Nice Systems in a report on Friday, November 11th. Imperial Capital reaffirmed an “outperform” rating and issued a $74.00 price objective on shares of Nice Systems in a report on Wednesday, October 5th. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Nice Systems in a report on Monday, September 26th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $73.29.
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.