Short Interest in Nice Systems Ltd. (NICE) Drops By 38.0%
Nice Systems Ltd. (NASDAQ:NICE) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totalling 359,920 shares, a drop of 38.0% from the August 15th total of 580,279 shares. Based on an average daily volume of 94,833 shares, the short-interest ratio is presently 3.8 days.
Shares of Nice Systems (NASDAQ:NICE) opened at 66.03 on Friday. Nice Systems has a one year low of $53.06 and a one year high of $69.46. The company has a market cap of $3.93 billion, a P/E ratio of 15.44 and a beta of 0.96. The company’s 50 day moving average is $67.61 and its 200 day moving average is $64.56.
Nice Systems (NASDAQ:NICE) last released its earnings results on Thursday, July 28th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.04. Nice Systems had a net margin of 27.48% and a return on equity of 13.37%. The company had revenue of $235.40 million for the quarter, compared to the consensus estimate of $234.79 million. During the same quarter in the previous year, the company earned $0.70 EPS. Nice Systems’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities analysts predict that Nice Systems will post $3.55 earnings per share for the current year.
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The business also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Monday, August 15th were given a dividend of $0.131 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.79%. Nice Systems’s payout ratio is presently 12.18%.
A number of research firms recently weighed in on NICE. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and issued a $75.00 target price on shares of Nice Systems in a research report on Thursday, May 26th. JPMorgan Chase & Co. began coverage on shares of Nice Systems in a research report on Wednesday, June 29th. They issued an “overweight” rating and a $74.00 target price for the company. JMP Securities reissued a “buy” rating on shares of Nice Systems in a research report on Wednesday, August 31st. Zacks Investment Research downgraded shares of Nice Systems from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Finally, Chardan Capital began coverage on shares of Nice Systems in a research report on Wednesday, June 22nd. They issued a “buy” rating and a $63.00 price objective for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $72.75.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BB&T Securities LLC acquired a new position in Nice Systems during the first quarter valued at $204,000. Aureus Asset Management LLC increased its position in Nice Systems by 95.0% in the second quarter. Aureus Asset Management LLC now owns 7,800 shares of the company’s stock valued at $446,000 after buying an additional 3,800 shares during the last quarter. Ranger Investment Management L.P. increased its position in Nice Systems by 117.5% in the second quarter. Ranger Investment Management L.P. now owns 7,810 shares of the company’s stock valued at $499,000 after buying an additional 4,220 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in Nice Systems during the second quarter valued at $587,000. Finally, Bank of New York Mellon Corp increased its position in Nice Systems by 4.1% in the second quarter. Bank of New York Mellon Corp now owns 10,373 shares of the company’s stock valued at $662,000 after buying an additional 407 shares during the last quarter. Institutional investors own 39.65% of the company’s stock.
About Nice Systems
NICE-Systems Ltd. is a global software company. The Company provides solutions for enterprises and security-sensitive organizations for the prevention of financial crimes and fraud, and for security and public safety. It operates in three segments: Customer Interactions Solutions, Security Solutions and Financial Crime and Compliance Solutions.
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