BidaskClub cut shares of Nice Systems Ltd. (NASDAQ:NICE) from a buy rating to a hold rating in a report published on Tuesday.

NICE has been the topic of several other reports. Oppenheimer Holdings, Inc. restated an outperform rating and set a $80.00 target price on shares of Nice Systems in a research report on Friday, May 12th. Zacks Investment Research lowered shares of Nice Systems from a hold rating to a strong sell rating in a research report on Thursday, May 11th. Finally, Citigroup Inc. began coverage on shares of Nice Systems in a research report on Wednesday, June 7th. They set a neutral rating and a $82.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Nice Systems has an average rating of Hold and a consensus price target of $77.14.

Shares of Nice Systems (NICE) traded down 0.53% on Tuesday, reaching $75.00. 239,349 shares of the company were exchanged. Nice Systems has a 52-week low of $63.72 and a 52-week high of $81.16. The stock has a 50 day moving average of $78.14 and a 200-day moving average of $72.28.

Nice Systems (NASDAQ:NICE) last issued its earnings results on Thursday, May 4th. The technology company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.11. Nice Systems had a net margin of 9.05% and a return on equity of 12.81%. The company had revenue of $305.62 million for the quarter, compared to analyst estimates of $308.97 million. Analysts expect that Nice Systems will post $3.97 EPS for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in the stock. World Asset Management Inc raised its stake in Nice Systems by 1.2% in the first quarter. World Asset Management Inc now owns 3,742 shares of the technology company’s stock valued at $254,000 after buying an additional 43 shares in the last quarter. United Capital Financial Advisers LLC raised its stake in Nice Systems by 0.5% in the first quarter. United Capital Financial Advisers LLC now owns 20,633 shares of the technology company’s stock valued at $1,403,000 after buying an additional 98 shares in the last quarter. Fisher Asset Management LLC raised its stake in Nice Systems by 0.3% in the first quarter. Fisher Asset Management LLC now owns 84,057 shares of the technology company’s stock valued at $5,714,000 after buying an additional 220 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in Nice Systems by 12.8% in the first quarter. Asset Management One Co. Ltd. now owns 2,650 shares of the technology company’s stock valued at $180,000 after buying an additional 300 shares in the last quarter. Finally, Comerica Bank raised its stake in Nice Systems by 10.3% in the fourth quarter. Comerica Bank now owns 3,690 shares of the technology company’s stock valued at $255,000 after buying an additional 344 shares in the last quarter. Institutional investors and hedge funds own 43.03% of the company’s stock.

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.

Analyst Recommendations for Nice Systems (NASDAQ:NICE)

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