Investec Asset Management North America Inc. lowered its stake in shares of Nice Systems Ltd. (NASDAQ:NICE) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,844 shares of the company’s stock after selling 163 shares during the period. Investec Asset Management North America Inc. owned approximately 0.09% of Nice Systems worth $3,840,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of NICE. Boston Advisors LLC increased its position in 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 during the period. Comerica Bank increased its position in Nice Systems by 10.3% in the fourth quarter. Comerica Bank now owns 3,690 shares of the company’s stock valued at $255,000 after buying an additional 344 shares during the period. Bank of New York Mellon Corp increased its position in 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. UBS Asset Management Americas Inc. increased its position in Nice Systems by 2.5% in the third quarter. UBS Asset Management Americas Inc. now owns 16,971 shares of the company’s stock valued at $1,136,000 after buying an additional 418 shares during the period. Finally, Dorsey Wright & Associates increased its position in 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 during the period. Hedge funds and other institutional investors own 40.02% of the company’s stock.
Shares of Nice Systems Ltd. (NASDAQ:NICE) traded up 0.94% on Friday, hitting $68.84. The stock had a trading volume of 160,433 shares. The stock has a market cap of $4.13 billion, a P/E ratio of 28.28 and a beta of 0.85. Nice Systems Ltd. has a 12 month low of $57.48 and a 12 month high of $70.84. The firm has a 50 day moving average of $68.96 and a 200 day moving average of $67.43.
Nice Systems (NASDAQ:NICE) last issued its earnings results on Thursday, November 10th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.02. Nice Systems had a return on equity of 13.28% and a net margin of 15.35%. The business had revenue of $237.20 million for the quarter, compared to analyst estimates of $240.07 million. During the same quarter last year, the company earned $0.75 EPS. The business’s quarterly revenue was up 8.7% on a year-over-year basis. On average, equities analysts forecast that Nice Systems Ltd. will post $3.60 earnings per share for the current fiscal year.
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A number of brokerages recently commented on NICE. Goldman Sachs Group, Inc. (The) began coverage on Nice Systems in a research report on Friday. They issued a “neutral” rating and a $76.00 target price on the stock. Imperial Capital lowered Nice Systems from an “outperform” rating to an “in-line” rating and upped their target price for the company from $74.00 to $76.00 in a research report on Friday, January 13th. Chardan Capital upped their target price on Nice Systems from $72.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, January 11th. Zacks Investment Research lowered Nice Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 11th. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $75.00 target price on shares of Nice Systems in a research report on Wednesday, December 21st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $74.75.
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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