Citigroup Inc. Raises Nice Systems Ltd. (NASDAQ:NICE) Price Target to $93.00

Nice Systems Ltd. (NASDAQ:NICE) had its price target lifted by Citigroup Inc. from $83.00 to $93.00 in a research note published on Friday, November 3rd. The brokerage currently has a neutral rating on the technology company’s stock.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Nice Systems from a strong sell rating to a hold rating in a research note on Thursday, July 6th. BidaskClub downgraded shares of Nice Systems from a buy rating to a hold rating in a research note on Tuesday, July 25th. Oppenheimer Holdings, Inc. raised their price target on shares of Nice Systems from $80.00 to $85.00 and gave the company an outperform rating in a research note on Friday, August 4th. Barclays PLC set a $80.00 price target on shares of Nice Systems and gave the company a hold rating in a research note on Friday, August 4th. Finally, Chardan Capital lifted their target price on shares of Nice Systems from $76.00 to $84.00 and gave the stock a buy rating in a research report on Monday, August 7th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $83.50.

Shares of Nice Systems (NASDAQ NICE) traded down $0.75 on Friday, hitting $85.12. 83,235 shares of the stock traded hands, compared to its average volume of 159,874. Nice Systems has a 52 week low of $63.72 and a 52 week high of $86.15. The company has a market capitalization of $5,128.36, a price-to-earnings ratio of 34.17, a PEG ratio of 4.74 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.

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Institutional investors and hedge funds have recently bought and sold shares of the business. Iberiabank Corp purchased a new position in shares of Nice Systems in the 3rd quarter worth about $270,000. PNC Financial Services Group Inc. raised its stake in Nice Systems by 520.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,845 shares of the technology company’s stock valued at $262,000 after acquiring an additional 3,225 shares during the period. Eagle Boston Investment Management Inc. raised its stake in Nice Systems by 19.1% in the 2nd quarter. Eagle Boston Investment Management Inc. now owns 4,200 shares of the technology company’s stock valued at $330,000 after acquiring an additional 674 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in Nice Systems in the 1st quarter valued at about $340,000. Finally, Ameriprise Financial Inc. raised its stake in Nice Systems by 16.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,014 shares of the technology company’s stock valued at $395,000 after acquiring an additional 724 shares during the period. 44.85% of the stock is currently owned by hedge funds and other 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.

Analyst Recommendations for Nice Systems (NASDAQ:NICE)

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