Oppenheimer Holdings, Inc. Reiterates “Outperform” Rating for Nice Systems Ltd. (NICE)

Nice Systems Ltd. (NASDAQ:NICE)‘s stock had its “outperform” rating reissued by analysts at Oppenheimer Holdings, Inc. in a note issued to investors on Friday, May 12th. They currently have a $80.00 price objective on the technology company’s stock. Oppenheimer Holdings, Inc.’s price objective points to a potential upside of 2.51% from the stock’s current price.

A number of other research firms have also recently commented on NICE. Zacks Investment Research cut shares of Nice Systems from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 11th. Imperial Capital cut shares of Nice Systems from an “outperform” rating to an “in-line” rating and upped their price objective for the company from $74.00 to $76.00 in a research report on Friday, January 13th. Chardan Capital restated a “buy” rating on shares of Nice Systems in a research report on Tuesday, February 21st. Barclays PLC set a $75.00 target price on Nice Systems and gave the stock a “hold” rating in a report on Saturday, February 18th. Finally, Goldman Sachs Group, Inc. (The) started coverage on Nice Systems in a report on Friday, February 10th. They set a “neutral” rating and a $76.00 target price for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $76.75.

Analyst Recommendations for Nice Systems (NASDAQ:NICE)

Shares of Nice Systems (NICE) remained flat at $78.04 during mid-day trading on Friday. 83,855 shares of the company’s stock traded hands. Nice Systems has a 1-year low of $59.07 and a 1-year high of $81.16. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 48.17 and a beta of 0.84. The company has a 50-day moving average price of $75.77 and a 200 day moving average price of $70.06.

Nice Systems (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, May 4th. The technology company reported $0.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.11. The company had revenue of $305.62 million for the quarter, compared to the consensus estimate 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 anticipate that Nice Systems will post $3.97 earnings per share for the current year.

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A number of large investors have recently modified their holdings of NICE. World Asset Management Inc increased its stake in shares of Nice Systems by 1.2% in the first quarter. World Asset Management Inc now owns 3,742 shares of the technology company’s stock valued at $254,000 after buying an additional 43 shares during the period. United Capital Financial Advisers LLC increased its stake in shares of Nice Systems by 0.5% in the first quarter. United Capital Financial Advisers LLC now owns 20,633 shares of the technology company’s stock valued at $1,403,000 after buying an additional 98 shares during the period. Fisher Asset Management LLC increased its stake in shares of Nice Systems by 0.3% in the first quarter. Fisher Asset Management LLC now owns 84,057 shares of the technology company’s stock valued at $5,714,000 after buying an additional 220 shares during the period. Asset Management One Co. Ltd. increased its stake in shares of Nice Systems by 12.8% in the first quarter. Asset Management One Co. Ltd. now owns 2,650 shares of the technology company’s stock valued at $180,000 after buying an additional 300 shares during the period. Finally, Comerica Bank increased its stake in shares of Nice Systems by 10.3% in the fourth quarter. Comerica Bank now owns 3,690 shares of the technology company’s stock valued at $255,000 after buying an additional 344 shares during the period. Hedge funds and other institutional investors own 43.09% of the company’s stock.

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.

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