Zacks Investment Research cut shares of Nice Systems Ltd. (NASDAQ:NICE) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.

According to Zacks, “Nice Systems is the leading provider of Insight from Interactions solutions, based on advanced analytics of unstructured multimedia content from telephony, web, radio and video communications. Nice is the global provider of advanced solutions that enable organizations to extract Insight from Interactions to drive performance. NICE is revolutionizing VoIP interactions management with state-of-the-art solutions for IP contact centers, branches, and command and control centers. NICE’s solutions are changing the way organizations make decisions, helping them improve business and operational performance, address security threats and be proactive. “

Analyst Recommendations for Nice Systems (NASDAQ:NICE)

A number of other equities research analysts have also recently commented on NICE. Oppenheimer Holdings Inc. reaffirmed a buy rating and issued a $75.00 price target on shares of Nice Systems in a report on Wednesday, May 18th. JMP Securities raised shares of Nice Systems from a market perform rating to an outperform rating and set a $78.00 price target on the stock in a report on Thursday, May 26th. JPMorgan Chase & Co. raised shares of Nice Systems from a market perform rating to an outperform rating and set a $78.00 price target on the stock in a report on Thursday, May 26th. Chardan Capital started coverage on shares of Nice Systems in a report on Wednesday, June 22nd. They issued a buy rating and a $63.00 price target on the stock. Finally, Imperial Capital reaffirmed an outperform rating and issued a $74.00 price target on shares of Nice Systems in a report on Sunday, July 17th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $72.75.

Shares of Nice Systems (NASDAQ:NICE) opened at 66.04 on Thursday. The firm’s 50-day moving average price is $67.54 and its 200 day moving average price is $64.63. Nice Systems has a 1-year low of $53.06 and a 1-year high of $69.46. The company has a market capitalization of $3.93 billion, a PE ratio of 15.44 and a beta of 0.96.

Nice Systems (NASDAQ:NICE) last posted its earnings results 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. The firm had revenue of $235.40 million for the quarter, compared to analysts’ expectations of $234.79 million. Nice Systems had a net margin of 27.48% and a return on equity of 13.37%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.70 EPS. Equities analysts predict that Nice Systems will post $3.55 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Monday, August 15th were given a dividend of $0.131 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.79%. Nice Systems’s dividend payout ratio (DPR) is currently 12.18%.

A number of hedge funds and other institutional investors have recently made changes to their positions in NICE. Tygh Capital Management Inc. bought a new position in shares of Nice Systems during the second quarter valued at about $1,435,000. Emerald Acquisition Ltd. bought a new position in shares of Nice Systems during the second quarter valued at about $587,000. 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 period. Eagle Asset Management Inc. raised its position in shares of Nice Systems by 20.0% in the second quarter. Eagle Asset Management Inc. now owns 188,988 shares of the company’s stock valued at $12,066,000 after buying an additional 31,551 shares during the period. Finally, Sphera Funds Management LTD. bought a new position in shares of Nice Systems during the first quarter valued at about $1,769,000. Institutional investors own 39.65% of the company’s stock.

Nice Systems Company Profile

NICE-Systems Ltd. is a global software company. The Company provides solutions for enterprises and security-sensitive organizations for the prevention of financial crimes and fraud, and for security and public safety. It operates in three segments: Customer Interactions Solutions, Security Solutions and Financial Crime and Compliance Solutions.

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