Delek Group Ltd. acquired a new stake in NICE Systems Ltd. (NASDAQ:NICE) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 108,638 shares of the technology company’s stock, valued at approximately $9,971,000. Delek Group Ltd. owned about 0.18% of NICE Systems at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of NICE. Bank of New York Mellon Corp grew its position in NICE Systems by 117.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 24,972 shares of the technology company’s stock valued at $2,030,000 after buying an additional 13,490 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of NICE Systems during the 3rd quarter worth $3,742,000. Russell Investments Group Ltd. raised its stake in shares of NICE Systems by 22.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,460 shares of the technology company’s stock worth $444,000 after buying an additional 1,013 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of NICE Systems by 194.2% during the 3rd quarter. SG Americas Securities LLC now owns 25,459 shares of the technology company’s stock worth $2,070,000 after buying an additional 16,804 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in NICE Systems by 2,112.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 110,938 shares of the technology company’s stock valued at $9,020,000 after purchasing an additional 105,924 shares during the last quarter. Hedge funds and other institutional investors own 45.91% of the company’s stock.
Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of NICE Systems from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research note on Wednesday, January 10th. Oppenheimer reiterated a “buy” rating and set a $100.00 target price (up previously from $90.00) on shares of NICE Systems in a report on Wednesday, December 13th. Barclays restated a “hold” rating and issued a $93.00 price target on shares of NICE Systems in a report on Sunday, February 18th. BidaskClub cut NICE Systems from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. Finally, Chardan Capital reiterated a “neutral” rating and set a $99.00 target price (up from $91.00) on shares of NICE Systems in a research note on Wednesday, February 21st. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $93.86.
NICE Systems stock traded up $1.44 during mid-day trading on Thursday, hitting $94.02. The company’s stock had a trading volume of 108,352 shares, compared to its average volume of 178,572. The company has a market cap of $5,622.46, a P/E ratio of 33.81, a P/E/G ratio of 2.90 and a beta of 0.72. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.26. NICE Systems Ltd. has a 52-week low of $66.57 and a 52-week high of $98.48.
NICE Systems (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, February 15th. The technology company reported $1.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.50. NICE Systems had a return on equity of 10.45% and a net margin of 10.76%. The company had revenue of $392.24 million during the quarter, compared to the consensus estimate of $390.90 million. equities analysts forecast that NICE Systems Ltd. will post 2.59 earnings per share for the current fiscal year.
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NICE Systems Profile
NICE Ltd. provides enterprise software solutions worldwide. Its software solutions help organizations understand their customers and employees, and predict their intentions and needs to create customer experiences; understand their workforce to drive efficiency; and identify suspicious behavior to prevent financial crime, as well as non-compliant activities.
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