PNC Financial Services Group Inc. Acquires 3,225 Shares of Nice Systems Ltd. (NICE)

PNC Financial Services Group Inc. raised its stake in Nice Systems Ltd. (NASDAQ:NICE) by 520.2% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,845 shares of the technology company’s stock after buying an additional 3,225 shares during the period. PNC Financial Services Group Inc.’s holdings in Nice Systems were worth $262,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Asset Management One Co. Ltd. boosted its position 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 last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Nice Systems by 739.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,096 shares of the technology company’s stock valued at $210,000 after buying an additional 2,727 shares during the last quarter. Eagle Boston Investment Management Inc. boosted its position in shares of Nice Systems by 15.0% in the first quarter. Eagle Boston Investment Management Inc. now owns 3,526 shares of the technology company’s stock valued at $239,000 after buying an additional 459 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Nice Systems by 98.5% in the first quarter. SG Americas Securities LLC now owns 3,693 shares of the technology company’s stock valued at $251,000 after buying an additional 1,833 shares during the last quarter. Finally, World Asset Management Inc boosted its position 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 last quarter. Institutional investors and hedge funds own 43.03% of the company’s stock.

Shares of Nice Systems Ltd. (NICE) opened at 78.55 on Tuesday. Nice Systems Ltd. has a 52 week low of $63.15 and a 52 week high of $81.16.

Nice Systems (NASDAQ:NICE) last posted its earnings results on Thursday, May 4th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.11. Nice Systems had a net margin of 9.05% and a return on equity of 12.81%. The firm had revenue of $305.62 million during the quarter, compared to analyst estimates of $308.97 million. On average, analysts anticipate that Nice Systems Ltd. will post $3.97 earnings per share for the current year.

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NICE has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Nice Systems from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 19th. Citigroup Inc. initiated coverage on shares of Nice Systems in a report on Wednesday, June 7th. They set a “neutral” rating and a $82.00 target price for the company. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $80.00 target price on shares of Nice Systems in a report on Friday, May 12th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Nice Systems has an average rating of “Hold” and an average price target of $77.14.

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.

Institutional Ownership by Quarter for Nice Systems (NASDAQ:NICE)

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