Shelton Capital Management reduced its position in shares of Nice Systems Ltd. (NASDAQ:NICE) by 51.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,227 shares of the technology company’s stock after selling 22,367 shares during the period. Shelton Capital Management’s holdings in Nice Systems were worth $1,443,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA increased its position in shares of Nice Systems by 2.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,069,168 shares of the technology company’s stock valued at $276,623,000 after buying an additional 86,117 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in Nice Systems by 30.0% in the first quarter. OppenheimerFunds Inc. now owns 2,294,826 shares of the technology company’s stock valued at $156,002,000 after buying an additional 529,620 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Nice Systems by 0.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,696,713 shares of the technology company’s stock valued at $116,666,000 after buying an additional 10,500 shares during the period. Neuberger Berman Group LLC boosted its stake in Nice Systems by 1.4% in the first quarter. Neuberger Berman Group LLC now owns 1,336,898 shares of the technology company’s stock valued at $90,882,000 after buying an additional 18,821 shares during the period. Finally, Rivulet Capital LLC boosted its stake in Nice Systems by 1.5% in the first quarter. Rivulet Capital LLC now owns 968,520 shares of the technology company’s stock valued at $65,840,000 after buying an additional 14,300 shares during the period. 43.09% of the stock is owned by institutional investors and hedge funds.
Nice Systems Ltd. (NICE) traded up 1.32% during mid-day trading on Monday, hitting $79.07. The company’s stock had a trading volume of 145,209 shares. The company’s 50 day moving average is $75.77 and its 200-day moving average is $70.06. Nice Systems Ltd. has a 52-week low of $59.07 and a 52-week high of $81.16. The stock has a market cap of $4.75 billion, a P/E ratio of 48.81 and a beta of 0.84.
Nice Systems (NASDAQ:NICE) last released its quarterly earnings data on Thursday, May 4th. The technology company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.11. The firm had revenue of $305.62 million during the quarter, compared to analyst estimates of $308.97 million. Nice Systems had a return on equity of 12.81% and a net margin of 9.05%. On average, equities analysts predict that Nice Systems Ltd. will post $3.97 EPS for the current fiscal year.
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Several analysts recently commented on NICE shares. Zacks Investment Research cut Nice Systems from a “hold” rating to a “strong sell” rating in a report on Friday, February 24th. Chardan Capital restated a “buy” rating on shares of Nice Systems in a report on Tuesday, February 21st. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $80.00 target price on shares of Nice Systems in a research report on Friday, May 12th. Finally, Citigroup Inc. began coverage on Nice Systems in a research report on Wednesday, June 7th. They set a “neutral” rating and a $82.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Nice Systems presently has a consensus rating of “Hold” and an average price target of $76.75.
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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