Nice Systems Ltd. (NICE) Price Target Increased to $93.00 by Analysts at Citigroup Inc.
Nice Systems Ltd. (NASDAQ:NICE) had its price objective hoisted by Citigroup Inc. from $83.00 to $93.00 in a research report report published on Friday. The brokerage currently has a neutral rating on the technology company’s stock.
Other equities analysts have also recently issued research reports about the stock. Jefferies Group LLC boosted their price target on shares of Nice Systems from $84.00 to $87.00 and gave the stock a hold rating in a research note on Friday. J P Morgan Chase & Co cut shares of Nice Systems from an overweight rating to a neutral rating in a research note on Friday. Chardan Capital boosted their price target on shares of Nice Systems from $76.00 to $84.00 and gave the stock a buy rating in a research note on Monday, August 7th. Barclays PLC reissued a hold rating on shares of Nice Systems in a research note on Monday, August 7th. Finally, Oppenheimer Holdings, Inc. boosted their price target on shares of Nice Systems from $80.00 to $85.00 and gave the stock an outperform rating in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $83.50.
Nice Systems (NICE) traded up $3.47 during trading on Friday, reaching $85.52. 205,252 shares of the company were exchanged, compared to its average volume of 103,703. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.28. The firm has a market cap 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.
Nice Systems (NASDAQ:NICE) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. Nice Systems had a net margin of 7.12% and a return on equity of 9.85%. The business had revenue of $315.30 million during the quarter, compared to analysts’ expectations of $313.44 million. During the same quarter in the previous year, the company earned $0.79 EPS. The business’s quarterly revenue was up 33.9% compared to the same quarter last year. analysts forecast that Nice Systems will post 1.73 EPS for the current year.
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Several institutional investors have recently made changes to their positions in NICE. PNC Financial Services Group Inc. boosted its stake in shares of Nice Systems by 520.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,845 shares of the technology company’s stock valued at $262,000 after purchasing an additional 3,225 shares in the last quarter. Eagle Boston Investment Management Inc. boosted its stake in shares of Nice Systems by 19.1% in the 2nd quarter. Eagle Boston Investment Management Inc. now owns 4,200 shares of the technology company’s stock valued at $330,000 after purchasing an additional 674 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Nice Systems in the 1st quarter valued at $340,000. Ameriprise Financial Inc. boosted its stake in shares of Nice Systems by 16.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,014 shares of the technology company’s stock valued at $395,000 after purchasing an additional 724 shares in the last quarter. Finally, Eaton Vance Management purchased a new stake in shares of Nice Systems in the 2nd quarter valued at $426,000. 43.64% of the stock is owned by 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.
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