Nice Systems Ltd. (NICE) Receives Average Rating of “Hold” from Brokerages

Nice Systems Ltd. (NASDAQ:NICE) has earned an average rating of “Hold” from the eleven ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $84.00.

Several equities analysts recently issued reports on the stock. Royal Bank Of Canada reiterated a “hold” rating and set a $80.00 price target on shares of Nice Systems in a research report on Monday, August 21st. Jefferies Group LLC assumed coverage on shares of Nice Systems in a research report on Friday, October 6th. They set a “hold” rating and a $84.00 price target on the stock. Chardan Capital boosted their price target on shares of Nice Systems from $84.00 to $91.00 and gave the company a “buy” rating in a research report on Monday, October 16th. Barclays PLC set a $80.00 price target on shares of Nice Systems and gave the company a “hold” rating in a research report on Friday, August 4th. Finally, J P Morgan Chase & Co cut shares of Nice Systems from an “overweight” rating to a “neutral” rating in a research report on Friday, November 3rd.

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A number of institutional investors and hedge funds have recently made changes to their positions in the business. Eagle Boston Investment Management Inc. grew its holdings in Nice Systems by 19.1% in the second quarter. Eagle Boston Investment Management Inc. now owns 4,200 shares of the technology company’s stock worth $330,000 after purchasing an additional 674 shares during the period. Ameriprise Financial Inc. grew its holdings in Nice Systems by 16.9% in the second quarter. Ameriprise Financial Inc. now owns 5,014 shares of the technology company’s stock worth $395,000 after purchasing an additional 724 shares during the period. Investec Asset Management North America Inc. grew its holdings in Nice Systems by 1.8% in the second quarter. Investec Asset Management North America Inc. now owns 56,251 shares of the technology company’s stock worth $4,428,000 after purchasing an additional 972 shares during the period. Russell Investments Group Ltd. grew its holdings in Nice Systems by 22.8% in the third quarter. Russell Investments Group Ltd. now owns 5,460 shares of the technology company’s stock worth $444,000 after purchasing an additional 1,013 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Nice Systems by 12.6% in the second quarter. Bank of New York Mellon Corp now owns 11,482 shares of the technology company’s stock worth $905,000 after purchasing an additional 1,281 shares during the period. Institutional investors and hedge funds own 43.90% of the company’s stock.

Nice Systems (NASDAQ:NICE) traded up $0.10 during mid-day trading on Friday, hitting $84.13. 144,700 shares of the company’s stock were exchanged, compared to its average volume of 118,044. Nice Systems has a 12-month low of $63.72 and a 12-month high of $85.61. The stock has a market capitalization of $5,050.91, a PE ratio of 33.65, a price-to-earnings-growth ratio of 4.67 and a beta of 0.89. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.28 and a quick ratio of 1.28.

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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