Zacks Investment Research upgraded shares of Nice (NASDAQ:NICE) from a hold rating to a buy rating in a research note published on Thursday morning, Zacks.com reports. The brokerage currently has $170.00 target price on the technology company’s stock.
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 equities research analysts also recently issued reports about the company. DA Davidson boosted their target price on Nice to $140.00 and gave the stock a neutral rating in a research report on Friday, May 17th. Barclays boosted their target price on Nice from $124.00 to $150.00 and gave the stock an equal weight rating in a research report on Wednesday, April 24th. Morgan Stanley set a $140.00 target price on Nice and gave the stock a hold rating in a research report on Friday, August 9th. JPMorgan Chase & Co. boosted their target price on Nice from $150.00 to $166.00 and gave the stock an overweight rating in a research report on Monday, July 29th. Finally, Wedbush reiterated a buy rating and issued a $160.00 target price on shares of Nice in a research report on Thursday, May 16th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $151.42.
NASDAQ NICE opened at $152.07 on Thursday. The firm has a market cap of $9.50 billion, a price-to-earnings ratio of 39.50, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $149.68 and a 200-day moving average price of $133.67. Nice has a twelve month low of $100.54 and a twelve month high of $155.76.
Nice (NASDAQ:NICE) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $1.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.02. The firm had revenue of $381.40 million during the quarter, compared to analyst estimates of $378.80 million. Nice had a return on equity of 12.09% and a net margin of 11.85%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.06 earnings per share. Research analysts expect that Nice will post 4.42 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NICE. Bank of New York Mellon Corp grew its position in Nice by 5.8% during the fourth quarter. Bank of New York Mellon Corp now owns 14,259 shares of the technology company’s stock valued at $1,543,000 after purchasing an additional 785 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Nice by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 121,976 shares of the technology company’s stock worth $13,199,000 after buying an additional 2,230 shares during the last quarter. Financial Gravity Wealth Inc. acquired a new position in Nice during the 1st quarter valued at $26,000. Boston Advisors LLC raised its stake in Nice by 36.1% during the 1st quarter. Boston Advisors LLC now owns 4,385 shares of the technology company’s stock valued at $537,000 after purchasing an additional 1,164 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Nice during the 1st quarter valued at $458,000. Institutional investors and hedge funds own 48.23% of the company’s stock.
NICE Ltd. provides enterprise software solutions worldwide. The company operates in two segments, Customer Engagement, and Financial Crime and Compliance. The Customer Engagement segment offers platform and solutions that empower businesses to deliver consistent and personalized experience across the customer journey, and optimize business performance and ensure compliance.
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