J P Morgan Chase & Co downgraded shares of Nice Systems Ltd. (NASDAQ:NICE) from an overweight rating to a neutral rating in a research note released on Friday, Marketbeat Ratings reports.

A number of other research analysts have also recently weighed in on NICE. Zacks Investment Research raised Nice Systems from a strong sell rating to a hold rating in a research report on Thursday, July 6th. BidaskClub cut Nice Systems from a buy rating to a hold rating in a research report on Tuesday, July 25th. Oppenheimer Holdings, Inc. lifted their price objective on Nice Systems from $80.00 to $85.00 and gave the company an outperform rating in a research report on Friday, August 4th. Barclays PLC set a $80.00 price target on Nice Systems and gave the stock a hold rating in a report on Friday, August 4th. Finally, Chardan Capital boosted their price target on Nice Systems from $76.00 to $84.00 and gave the stock a buy rating in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $83.50.

Shares of Nice Systems (NASDAQ NICE) traded down $0.81 during trading on Friday, hitting $84.71. 78,184 shares of the company traded hands, compared to its average volume of 110,109. The company has a market capitalization of $5,134.36, a P/E ratio of 34.21, a price-to-earnings-growth ratio of 4.95 and a beta of 0.89. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.28 and a current ratio of 1.28.

Nice Systems (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. Nice Systems had a return on equity of 9.71% and a net margin of 7.12%. The firm had revenue of $315.30 million for the quarter, compared to analysts’ expectations of $313.44 million. During the same period in the previous year, the firm earned $0.79 EPS. The business’s quarterly revenue was up 33.9% on a year-over-year basis. analysts expect that Nice Systems will post 1.73 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Investec Asset Management LTD increased its position in shares of Nice Systems by 1.9% during the 2nd quarter. Investec Asset Management LTD now owns 752,316 shares of the technology company’s stock valued at $59,222,000 after purchasing an additional 14,075 shares during the last quarter. American Capital Management Inc. grew its position in Nice Systems by 0.6% in the 3rd quarter. American Capital Management Inc. now owns 567,032 shares of the technology company’s stock valued at $46,105,000 after acquiring an additional 3,290 shares during the last quarter. Eagle Asset Management Inc. grew its position in Nice Systems by 13.4% in the 2nd quarter. Eagle Asset Management Inc. now owns 276,775 shares of the technology company’s stock valued at $21,787,000 after acquiring an additional 32,620 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in Nice Systems by 31.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 201,670 shares of the technology company’s stock valued at $15,875,000 after acquiring an additional 47,895 shares during the last quarter. Finally, Penn Capital Management Co. Inc. grew its position in Nice Systems by 14.5% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 198,063 shares of the technology company’s stock valued at $15,733,000 after acquiring an additional 25,057 shares during the last quarter. 43.90% of the stock is currently owned by hedge funds and other institutional investors.

About Nice Systems

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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