Nice (NICE) Stock Rating Upgraded by Zacks Investment Research

Nice (NASDAQ:NICE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The brokerage presently has a $98.00 price target on the technology company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 10.97% from the stock’s current price.

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 research analysts have also recently issued research reports about the company. Oppenheimer reissued a “buy” rating and issued a $100.00 price objective (up previously from $90.00) on shares of Nice in a research note on Wednesday, December 13th. Jefferies Group raised Nice from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research note on Thursday, January 18th. BidaskClub raised Nice from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Chardan Capital cut Nice from a “buy” rating to a “neutral” rating and set a $91.00 price objective on the stock. in a research note on Monday, November 6th. Finally, Citigroup increased their price objective on Nice from $83.00 to $93.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Nice currently has an average rating of “Hold” and a consensus price target of $90.86.

Shares of Nice (NICE) opened at $88.31 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.27. Nice has a fifty-two week low of $65.72 and a fifty-two week high of $95.65. The firm has a market capitalization of $5,370.00, a P/E ratio of 58.10, a PEG ratio of 3.38 and a beta of 0.79.

Large investors have recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. grew its stake in Nice by 99.5% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,065 shares of the technology company’s stock worth $190,000 after purchasing an additional 1,030 shares in the last quarter. Mitchell Capital Management Co. bought a new position in Nice in the fourth quarter worth approximately $209,000. River Road Asset Management LLC bought a new position in Nice in the fourth quarter worth approximately $235,000. Iberiabank Corp bought a new position in Nice in the third quarter worth approximately $270,000. Finally, Oppenheimer & Co. Inc. bought a new position in Nice in the fourth quarter worth approximately $276,000. 44.93% of the stock is currently owned by institutional investors.

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Nice Company 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.

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