Nice (NICE) Rating Lowered to Hold at Zacks Investment Research

Nice (NASDAQ:NICE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.

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. “

A number of other brokerages have also weighed in on NICE. Jefferies Group upgraded shares of Nice from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a report on Thursday, January 18th. BidaskClub lowered shares of Nice from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. Citigroup restated an “outperform” rating and issued a $100.00 price target (up previously from $90.00) on shares of Nice in a report on Wednesday, December 13th. They noted that the move was a valuation call. Oppenheimer restated a “buy” rating and issued a $100.00 price target (up previously from $90.00) on shares of Nice in a report on Wednesday, December 13th. Finally, Chardan Capital lowered shares of Nice from a “buy” rating to a “neutral” rating and set a $91.00 price target for the company. in a report on Monday, November 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Nice currently has a consensus rating of “Hold” and an average target price of $90.86.

Shares of Nice (NASDAQ NICE) opened at $90.61 on Thursday. Nice has a one year low of $65.72 and a one year high of $95.65. The firm has a market capitalization of $5,375.11, a PE ratio of 39.40, a PEG ratio of 3.48 and a beta of 0.79. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.28 and a current ratio of 1.28.

Nice (NASDAQ:NICE) last announced its quarterly earnings data on Thursday, February 15th. The technology company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.50. Nice had a net margin of 10.76% and a return on equity of 10.67%. The company had revenue of $392.24 million during the quarter, compared to analyst estimates of $390.90 million. equities research analysts anticipate that Nice will post 2.57 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Rivulet Capital LLC raised its holdings in shares of Nice by 9.9% in the 4th quarter. Rivulet Capital LLC now owns 1,210,620 shares of the technology company’s stock valued at $111,268,000 after purchasing an additional 109,100 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Nice by 12.0% in the 4th quarter. Victory Capital Management Inc. now owns 831,357 shares of the technology company’s stock valued at $76,410,000 after purchasing an additional 89,288 shares in the last quarter. William Blair Investment Management LLC bought a new stake in shares of Nice in the 4th quarter valued at about $73,564,000. American Capital Management Inc. raised its holdings in shares of Nice by 1.4% in the 4th quarter. American Capital Management Inc. now owns 574,847 shares of the technology company’s stock valued at $52,834,000 after purchasing an additional 7,815 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Nice by 95.7% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 435,444 shares of the technology company’s stock valued at $35,406,000 after purchasing an additional 212,901 shares in the last quarter. Institutional investors and hedge funds own 44.93% of the company’s stock.

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About Nice

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.

Analyst Recommendations for Nice (NASDAQ:NICE)

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