Earnest Partners LLC Lowers Holdings in Nice Systems Ltd. (NICE)

Earnest Partners LLC lessened its position in shares of Nice Systems Ltd. (NASDAQ:NICE) by 10.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,651 shares of the technology company’s stock after selling 8,824 shares during the period. Earnest Partners LLC’s holdings in Nice Systems were worth $6,034,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Janus Capital Management LLC increased its holdings in Nice Systems by 6.5% during the 1st quarter. Janus Capital Management LLC now owns 4,482,834 shares of the technology company’s stock worth $304,743,000 after purchasing an additional 273,959 shares in the last quarter. Investec Asset Management LTD increased its holdings in Nice Systems by 1.9% during the 2nd quarter. Investec Asset Management LTD now owns 752,316 shares of the technology company’s stock worth $59,222,000 after purchasing an additional 14,075 shares in the last quarter. Credit Suisse AG increased its holdings in Nice Systems by 40.3% during the 1st quarter. Credit Suisse AG now owns 327,000 shares of the technology company’s stock worth $22,229,000 after purchasing an additional 94,000 shares in the last quarter. Eagle Asset Management Inc. increased its holdings in Nice Systems by 13.4% during the 2nd quarter. Eagle Asset Management Inc. now owns 276,775 shares of the technology company’s stock worth $21,787,000 after purchasing an additional 32,620 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in Nice Systems by 31.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 201,670 shares of the technology company’s stock worth $15,875,000 after purchasing an additional 47,895 shares in the last quarter. Hedge funds and other institutional investors own 43.82% of the company’s stock.

Shares of Nice Systems Ltd. (NICE) traded up 0.34% during trading on Tuesday, hitting $81.58. The stock had a trading volume of 2,125 shares. Nice Systems Ltd. has a 1-year low of $63.72 and a 1-year high of $83.95.

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

TRADEMARK VIOLATION NOTICE: “Earnest Partners LLC Lowers Holdings in Nice Systems Ltd. (NICE)” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international copyright and trademark laws. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/10/earnest-partners-llc-lowers-holdings-in-nice-systems-ltd-nice.html.

A number of equities analysts have issued reports on the company. Jefferies Group LLC assumed coverage on Nice Systems in a report on Friday. They set a “hold” rating and a $84.00 target price for the company. Zacks Investment Research upgraded Nice Systems from a “strong sell” rating to a “hold” rating in a report on Thursday, July 6th. Barclays PLC set a $80.00 target price on Nice Systems and gave the stock a &#

A number of other hedge funds have also recently added to or reduced their stakes in the business. Janus Capital Management LLC increased its holdings in Nice Systems by 6.5% during the 1st quarter. Janus Capital Management LLC now owns 4,482,834 shares of the technology company’s stock worth $304,743,000 after purchasing an additional 273,959 shares in the last quarter. Investec Asset Management LTD increased its holdings in Nice Systems by 1.9% during the 2nd quarter. Investec Asset Management LTD now owns 752,316 shares of the technology company’s stock worth $59,222,000 after purchasing an additional 14,075 shares in the last quarter. Credit Suisse AG increased its holdings in Nice Systems by 40.3% during the 1st quarter. Credit Suisse AG now owns 327,000 shares of the technology company’s stock worth $22,229,000 after purchasing an additional 94,000 shares in the last quarter. Eagle Asset Management Inc. increased its holdings in Nice Systems by 13.4% during the 2nd quarter. Eagle Asset Management Inc. now owns 276,775 shares of the technology company’s stock worth $21,787,000 after purchasing an additional 32,620 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in Nice Systems by 31.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 201,670 shares of the technology company’s stock worth $15,875,000 after purchasing an additional 47,895 shares in the last quarter. Hedge funds and other institutional investors own 43.82% of the company’s stock.

Shares of Nice Systems Ltd. (NICE) traded up 0.34% during trading on Tuesday, hitting $81.58. The stock had a trading volume of 2,125 shares. Nice Systems Ltd. has a 1-year low of $63.72 and a 1-year high of $83.95.

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

TRADEMARK VIOLATION NOTICE: “Earnest Partners LLC Lowers Holdings in Nice Systems Ltd. (NICE)” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international copyright and trademark laws. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/10/earnest-partners-llc-lowers-holdings-in-nice-systems-ltd-nice.html.

A number of equities analysts have issued reports on the company. Jefferies Group LLC assumed coverage on Nice Systems in a report on Friday. They set a “hold” rating and a $84.00 target price for the company. Zacks Investment Research upgraded Nice Systems from a “strong sell” rating to a “hold” rating in a report on Thursday, July 6th. Barclays PLC set a $80.00 target price on Nice Systems and gave the stock a “hold” rating in a report on Friday, August 4th. Chardan Capital increased their target price on Nice Systems from $76.00 to $84.00 and gave the stock a “buy” rating in a report on Monday, August 7th. Finally, Oppenheimer Holdings, Inc. increased their target price on Nice Systems from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $80.88.

Nice Systems 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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