Nice (NICE) Stock Rating Lowered by Zacks Investment Research

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

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

Shares of Nice (NASDAQ NICE) opened at $88.11 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market cap of $5,301.87, a price-to-earnings ratio of 35.32, a price-to-earnings-growth ratio of 3.45 and a beta of 0.79. Nice has a one year low of $65.72 and a one year high of $95.65.

Large investors have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. raised its stake in shares of Nice by 99.5% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,065 shares of the technology company’s stock valued at $190,000 after acquiring an additional 1,030 shares during the last quarter. Mitchell Capital Management Co. bought a new position in shares of Nice during the fourth quarter valued at about $209,000. River Road Asset Management LLC bought a new position in shares of Nice during the fourth quarter valued at about $235,000. Iberiabank Corp bought a new position in shares of Nice during the third quarter valued at about $270,000. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Nice during the fourth quarter valued at about $276,000. 44.93% of the stock is owned by hedge funds and other institutional investors.

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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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