Nice Systems Ltd. (NICE) Shares Bought by Penn Capital Management Co. Inc.

Penn Capital Management Co. Inc. increased its holdings in shares of Nice Systems Ltd. (NASDAQ:NICE) by 14.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,063 shares of the technology company’s stock after purchasing an additional 25,057 shares during the quarter. Nice Systems makes up 1.2% of Penn Capital Management Co. Inc.’s portfolio, making the stock its 22nd biggest holding. Penn Capital Management Co. Inc. owned approximately 0.33% of Nice Systems worth $15,733,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Investec Asset Management LTD lifted its stake in shares of Nice Systems by 1.9% in the 2nd quarter. Investec Asset Management LTD now owns 752,316 shares of the technology company’s stock valued at $59,222,000 after purchasing an additional 14,075 shares during the last quarter. Investec Asset Management North America Inc. lifted its stake in shares of Nice Systems by 1.8% in the 2nd quarter. Investec Asset Management North America Inc. now owns 56,251 shares of the technology company’s stock valued at $4,428,000 after purchasing an additional 972 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of 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 purchasing an additional 724 shares during the last quarter. Eaton Vance Management bought a new stake in shares of Nice Systems in the 2nd quarter valued at approximately $426,000. Finally, Eagle Boston Investment Management Inc. lifted its stake in shares of 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 purchasing an additional 674 shares during the last quarter. Hedge funds and other institutional investors own 43.82% of the company’s stock.

Shares of Nice Systems Ltd. (NASDAQ:NICE) traded down 0.42% on Wednesday, reaching $81.55. The company had a trading volume of 8,887 shares. The firm’s 50 day moving average is $77.24 and its 200 day moving average is $74.38. The firm has a market capitalization of $4.92 billion, a PE ratio of 66.84 and a beta of 0.90. Nice Systems Ltd. has a 12 month low of $63.72 and a 12 month high of $82.27.

Nice Systems (NASDAQ:NICE) last announced its earnings results on Thursday, August 3rd. The technology company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. Nice Systems had a net margin of 7.99% and a return on equity of 11.14%. The business had revenue of $315.30 million during the quarter, compared to the consensus estimate of $313.44 million. During the same quarter in the prior year, the firm earned $0.79 earnings per share. The business’s quarterly revenue was up 33.9% compared to the same quarter last year. On average, equities research analysts expect that Nice Systems Ltd. will post $4.02 earnings per share for the current fiscal year.

Several research firms have recently issued reports on NICE. Chardan Capital raised their price objective on Nice Systems from $76.00 to $84.00 and gave the company a “buy” rating in a research note on Monday, August 7th. Barclays PLC reaffirmed a “hold” rating on shares of Nice Systems in a research note on Monday, August 7th. Oppenheimer Holdings, Inc. raised their price objective on Nice Systems from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. BidaskClub lowered Nice Systems from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $80.00 price objective on shares of Nice Systems in a research note on Monday, August 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $79.75.

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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.

Institutional Ownership by Quarter for Nice Systems (NASDAQ:NICE)

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