Nice (NASDAQ:NICE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors 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. “

Several other research firms also recently commented on NICE. Jefferies Group raised their price objective on Nice from $84.00 to $87.00 and gave the stock a “hold” rating in a report on Friday, November 3rd. Citigroup restated an “outperform” rating and set a $100.00 price objective (up from $90.00) on shares of Nice in a report on Wednesday, December 13th. They noted that the move was a valuation call. JPMorgan Chase & Co. downgraded Nice from an “overweight” rating to a “neutral” rating in a report on Friday, November 3rd. Chardan Capital downgraded Nice from a “buy” rating to a “neutral” rating and set a $91.00 price target on the stock. in a report on Monday, November 6th. Finally, BidaskClub upgraded Nice from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $88.11.

Nice (NASDAQ NICE) opened at $92.10 on Thursday. The company has a market capitalization of $5,518.00, a price-to-earnings ratio of 63.08, a price-to-earnings-growth ratio of 3.60 and a beta of 0.90. Nice has a fifty-two week low of $65.59 and a fifty-two week high of $93.27. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.27.

Several large investors have recently made changes to their positions in the company. Investec Asset Management LTD increased its holdings in shares of Nice 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 acquiring an additional 14,075 shares during the period. American Capital Management Inc. increased its holdings in shares of Nice by 0.6% in the 3rd quarter. American Capital Management Inc. now owns 567,032 shares of the technology company’s stock valued at $46,105,000 after acquiring an additional 3,290 shares during the period. Clal Insurance Enterprises Holdings Ltd increased 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 acquiring an additional 212,901 shares during the period. Eagle Asset Management Inc. increased its holdings in shares of Nice by 2.8% in the 3rd quarter. Eagle Asset Management Inc. now owns 284,565 shares of the technology company’s stock valued at $22,941,000 after acquiring an additional 7,790 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Nice by 4.3% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 207,981 shares of the technology company’s stock worth $16,911,000 after purchasing an additional 8,621 shares in the last quarter. Institutional investors and hedge funds own 45.00% 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.

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