Nice Systems Ltd. (NICE) Lowered to Neutral at Chardan Capital

Chardan Capital downgraded shares of Nice Systems Ltd. (NASDAQ:NICE) from a buy rating to a neutral rating in a research report sent to investors on Monday, November 6th, MarketBeat reports. Chardan Capital currently has $91.00 price objective on the technology company’s stock.

Several other brokerages also recently issued reports on NICE. Royal Bank Of Canada restated a hold rating and set a $80.00 price objective on shares of Nice Systems in a research report on Monday, August 21st. Jefferies Group LLC raised their price objective on shares of Nice Systems from $84.00 to $87.00 and gave the stock a hold rating in a research report on Friday, November 3rd. Citigroup Inc. raised their price objective on shares of Nice Systems from $83.00 to $93.00 and gave the stock a neutral rating in a research report on Friday, November 3rd. BidaskClub cut shares of Nice Systems from a buy rating to a hold rating in a report on Tuesday, July 25th. Finally, J P Morgan Chase & Co cut shares of Nice Systems from an overweight rating to a neutral rating in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $83.50.

Shares of Nice Systems (NASDAQ NICE) traded down $0.09 during trading hours on Monday, reaching $84.29. 102,265 shares of the company traded hands, compared to its average volume of 120,543. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market cap of $5,060.52, a P/E ratio of 33.72, a P/E/G ratio of 4.67 and a beta of 0.89. Nice Systems has a twelve month low of $63.72 and a twelve month high of $85.61.

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Several hedge funds and other institutional investors have recently bought and sold shares of NICE. PNC Financial Services Group Inc. grew its stake in shares of Nice Systems by 520.2% during the first quarter. PNC Financial Services Group Inc. now owns 3,845 shares of the technology company’s stock worth $262,000 after buying an additional 3,225 shares during the last quarter. Iberiabank Corp acquired a new position in shares of Nice Systems during the third quarter worth $270,000. Eagle Boston Investment Management Inc. lifted its holdings in shares of Nice Systems by 19.1% during the second quarter. Eagle Boston Investment Management Inc. now owns 4,200 shares of the technology company’s stock worth $330,000 after purchasing an additional 674 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Nice Systems by 16.9% during the second quarter. Ameriprise Financial Inc. now owns 5,014 shares of the technology company’s stock worth $395,000 after purchasing an additional 724 shares during the period. Finally, Eaton Vance Management acquired a new position in shares of Nice Systems during the second quarter worth $426,000. 44.48% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Nice Systems (NASDAQ:NICE)

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