Equities research analysts forecast that Nice Systems Ltd. (NASDAQ:NICE) will report sales of $320.53 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Nice Systems’ earnings, with estimates ranging from $320.00 million to $321.47 million. Nice Systems posted sales of $237.19 million during the same quarter last year, which suggests a positive year over year growth rate of 35.1%. The company is scheduled to report its next quarterly earnings report on Thursday, November 9th.
On average, analysts expect that Nice Systems will report full-year sales of $320.53 million for the current year, with estimates ranging from $1.34 billion to $1.35 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.45 billion per share, with estimates ranging from $1.44 billion to $1.47 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Nice Systems.
Nice Systems (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. The business had revenue of $315.30 million for the quarter, compared to analyst estimates of $313.44 million. Nice Systems had a return on equity of 11.14% and a net margin of 7.99%. Nice Systems’s quarterly revenue was up 33.9% compared to the same quarter last year. During the same period last year, the company posted $0.79 earnings per share.
Several equities analysts have recently weighed in on NICE shares. Chardan Capital increased their price target on Nice Systems from $76.00 to $84.00 and gave the company a “buy” rating in a report on Monday. Zacks Investment Research raised Nice Systems from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 19th. Barclays PLC reissued a “hold” rating on shares of Nice Systems in a report on Monday. BidaskClub cut Nice Systems from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Citigroup Inc. started coverage on Nice Systems in a report on Wednesday, June 7th. They set a “neutral” rating and a $82.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $79.71.
Shares of Nice Systems (NICE) opened at 75.63 on Thursday. Nice Systems has a one year low of $63.72 and a one year high of $81.16. The company’s 50-day moving average price is $77.49 and its 200-day moving average price is $72.63. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 46.69 and a beta of 0.87.
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A number of institutional investors have recently made changes to their positions in NICE. American Capital Management Inc. boosted its position in shares of Nice Systems by 3.7% in the first quarter. American Capital Management Inc. now owns 542,657 shares of the technology company’s stock worth $36,890,000 after buying an additional 19,198 shares in the last quarter. Fisher Asset Management LLC boosted its position 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 worth $5,714,000 after buying an additional 220 shares in the last quarter. Meritage Portfolio Management boosted its position in shares of Nice Systems by 1.1% in the first quarter. Meritage Portfolio Management now owns 107,219 shares of the technology company’s stock worth $7,289,000 after buying an additional 1,195 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Nice Systems by 12.8% in the first quarter. Wells Fargo & Company MN now owns 103,057 shares of the technology company’s stock worth $7,006,000 after buying an additional 11,724 shares in the last quarter. Finally, Tygh Capital Management Inc. boosted its position in shares of Nice Systems by 41.0% in the first quarter. Tygh Capital Management Inc. now owns 80,895 shares of the technology company’s stock worth $5,499,000 after buying an additional 23,525 shares in the last quarter. 43.70% of the stock is currently owned by institutional investors.
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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