Nice (NASDAQ:NICE) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
A number of other brokerages have also recently issued reports on NICE. Barclays reiterated a “hold” rating and issued a $93.00 target price on shares of Nice in a report on Sunday, February 18th. Zacks Investment Research cut Nice from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Citigroup reiterated an “outperform” rating and issued a $100.00 target price (up from $90.00) on shares of Nice in a report on Wednesday, December 13th. They noted that the move was a valuation call. Jefferies Group upgraded Nice from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a report on Thursday, January 18th. Finally, Oppenheimer reiterated a “buy” rating and issued a $100.00 target price (up from $90.00) on shares of Nice in a report on Wednesday, December 13th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $93.86.
Shares of Nice (NICE) traded up $0.58 on Wednesday, hitting $96.30. The company had a trading volume of 100,084 shares, compared to its average volume of 180,344. Nice has a 12 month low of $65.72 and a 12 month high of $98.48. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.26. The company has a market cap of $5,800.17, a PE ratio of 41.85, a P/E/G ratio of 2.99 and a beta of 0.71.
A number of large investors have recently modified their holdings of NICE. Bronfman E.L. Rothschild L.P. lifted its stake in Nice by 99.5% during the 4th 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 in the last quarter. Mitchell Capital Management Co. bought a new stake in shares of Nice during the 4th quarter worth $209,000. River Road Asset Management LLC bought a new stake in shares of Nice during the 4th quarter worth $235,000. Iberiabank Corp bought a new stake in shares of Nice during the 3rd quarter worth $270,000. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Nice during the 4th quarter worth $276,000. Institutional investors and hedge funds own 45.91% of the company’s stock.
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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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