Nice (NASDAQ:NICE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday, Zacks.com reports. The brokerage presently has a $198.00 price objective on the technology company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 8.57% from the stock’s previous close.
According to Zacks, “NICE Ltd. provides enterprise software solutions. Its operating segment consists of Customer Interactions Solutions, Financial Crime and Compliance Solutions. The Company’s solutions include integrated, multimedia recording platforms, software applications and related professional services. NICE Ltd., formerly known as NICE-Systems Ltd., is headquartered in Ra’anana, Israel. “
Other analysts have also issued reports about the stock. Morgan Stanley boosted their price objective on shares of Nice from $133.00 to $144.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Jefferies Financial Group boosted their price target on shares of Nice from $180.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Royal Bank of Canada reiterated a “hold” rating on shares of Nice in a research note on Sunday, May 17th. JPMorgan Chase & Co. lowered shares of Nice from an “overweight” rating to a “neutral” rating and set a $163.00 price target on the stock. in a research note on Monday, January 27th. They noted that the move was a valuation call. Finally, Citigroup boosted their price target on shares of Nice from $156.00 to $193.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $182.73.
Shares of NICE opened at $182.37 on Thursday. The firm has a market cap of $11.21 billion, a P/E ratio of 60.79, a price-to-earnings-growth ratio of 3.80 and a beta of 0.75. Nice has a 12-month low of $110.59 and a 12-month high of $184.19. The company’s 50-day moving average price is $164.41 and its 200 day moving average price is $160.28. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.09.
Nice (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, May 14th. The technology company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.02. The firm had revenue of $411.21 million for the quarter, compared to analyst estimates of $409.87 million. Nice had a net margin of 12.13% and a return on equity of 13.07%. Equities research analysts forecast that Nice will post 4.73 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC grew its position in shares of Nice by 10.8% during the first quarter. Janus Henderson Group PLC now owns 5,133,877 shares of the technology company’s stock worth $737,019,000 after buying an additional 500,624 shares in the last quarter. Capital Research Global Investors grew its position in shares of Nice by 3.1% during the first quarter. Capital Research Global Investors now owns 2,407,557 shares of the technology company’s stock worth $345,640,000 after buying an additional 71,776 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Nice by 3.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,998,194 shares of the technology company’s stock worth $286,861,000 after buying an additional 74,829 shares in the last quarter. Invesco Ltd. boosted its holdings in Nice by 2.7% in the first quarter. Invesco Ltd. now owns 1,682,864 shares of the technology company’s stock valued at $241,591,000 after purchasing an additional 44,217 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its holdings in Nice by 24.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,654,084 shares of the technology company’s stock valued at $256,631,000 after purchasing an additional 327,948 shares in the last quarter. 51.58% of the stock is owned by institutional investors and hedge funds.
Nice Company Profile
NICE Ltd. provides enterprise software solutions worldwide. The company operates in two segments, Customer Engagement, and Financial Crime and Compliance. The Customer Engagement segment offers platform and solutions that empower businesses to deliver consistent and personalized experience across the customer journey, and optimize business performance and ensure compliance.
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