Nice Systems Ltd. (NICE) Sets New 52-Week High Following Analyst Upgrade
Nice Systems Ltd. (NASDAQ:NICE) hit a new 52-week high on Thursday after Chardan Capital raised their price target on the stock from $72.00 to $76.00. Chardan Capital currently has a buy rating on the stock. Nice Systems traded as high as $69.85 and last traded at $69.85, with a volume of 810,895 shares changing hands. The stock had previously closed at $67.88.
NICE has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Nice Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, October 11th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Nice Systems in a research report on Monday, September 26th. Imperial Capital reaffirmed an “outperform” rating and issued a $74.00 target price on shares of Nice Systems in a research report on Wednesday, October 5th. Finally, JMP Securities reaffirmed a “buy” rating on shares of Nice Systems in a research report on Friday, November 11th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $74.57.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Eagle Boston Investment Management Inc. acquired a new position in shares of Nice Systems during the third quarter valued at $203,000. Boston Advisors LLC boosted its position in shares of Nice Systems by 0.3% in the third quarter. Boston Advisors LLC now owns 6,389 shares of the company’s stock valued at $428,000 after buying an additional 20 shares in the last quarter. Aureus Asset Management LLC boosted 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 in the last quarter. Ranger Investment Management L.P. boosted 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 in the last quarter. Finally, Dorsey Wright & Associates boosted its position 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 in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.
The firm has a 50-day moving average of $0.00 and a 200 day moving average of $0.00.
Nice Systems (NASDAQ:NICE) last posted its earnings results on Thursday, November 10th. The company reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.02. Nice Systems had a net margin of 15.35% and a return on equity of 13.28%. The company earned $237.20 million during the quarter, compared to analysts’ expectations of $240.07 million. During the same quarter in the prior year, the company posted $0.75 earnings per share. Nice Systems’s revenue for the quarter was up 8.7% compared to the same quarter last year. Equities research analysts forecast that Nice Systems Ltd. will post $3.60 earnings per share for the current year.
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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.
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