Solaris Asset Management LLC Has $4.60 Million Position in Nice Systems Ltd. (NASDAQ:NICE)

Solaris Asset Management LLC raised its position in shares of Nice Systems Ltd. (NASDAQ:NICE) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,440 shares of the technology company’s stock after buying an additional 1,670 shares during the period. Nice Systems accounts for approximately 2.8% of Solaris Asset Management LLC’s portfolio, making the stock its 7th largest position. Solaris Asset Management LLC’s holdings in Nice Systems were worth $4,600,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Janus Capital Management LLC increased its position in Nice Systems by 6.5% in the first quarter. Janus Capital Management LLC now owns 4,482,834 shares of the technology company’s stock worth $304,743,000 after buying an additional 273,959 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Nice Systems by 2.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,069,168 shares of the technology company’s stock worth $276,623,000 after buying an additional 86,117 shares in the last quarter. OppenheimerFunds Inc. increased its position in Nice Systems by 30.0% in the first quarter. OppenheimerFunds Inc. now owns 2,294,826 shares of the technology company’s stock worth $156,002,000 after buying an additional 529,620 shares in the last quarter. Neuberger Berman Group LLC increased its position in Nice Systems by 1.4% in the first quarter. Neuberger Berman Group LLC now owns 1,336,898 shares of the technology company’s stock worth $90,882,000 after buying an additional 18,821 shares in the last quarter. Finally, Rivulet Capital LLC increased its position in Nice Systems by 1.5% in the first quarter. Rivulet Capital LLC now owns 968,520 shares of the technology company’s stock worth $65,840,000 after buying an additional 14,300 shares in the last quarter. Institutional investors and hedge funds own 43.46% of the company’s stock.

Nice Systems Ltd. (NICE) traded down 0.67% during mid-day trading on Friday, reaching $74.67. 214,904 shares of the company’s stock traded hands. The firm has a 50 day moving average of $76.59 and a 200 day moving average of $72.91. Nice Systems Ltd. has a 1-year low of $63.72 and a 1-year high of $81.16.

Nice Systems (NASDAQ:NICE) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $313.44 million. During the same period in the prior year, the company posted $0.79 earnings per share. Nice Systems’s revenue was up 33.9% compared to the same quarter last year. On average, equities research analysts forecast that Nice Systems Ltd. will post $4.02 earnings per share for the current year.

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A number of research analysts have recently weighed in on NICE shares. BidaskClub downgraded shares of Nice Systems from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Nice Systems from a “strong sell” rating to a “hold” rating in a report on Thursday, July 6th. 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 report on Friday, August 4th. Barclays PLC reiterated a “hold” rating on shares of Nice Systems in a report on Monday, August 7th. Finally, Citigroup Inc. began coverage on shares of Nice Systems in a report on Wednesday, June 7th. They issued a “neutral” rating and a $82.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $79.71.

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.

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

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