BidaskClub Downgrades Nice (NICE) to Hold

Nice (NASDAQ:NICE) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, September 20th.

Other analysts have also recently issued research reports about the company. Barclays restated a “hold” rating and issued a $114.00 price target on shares of Nice in a research report on Friday, August 10th. Zacks Investment Research upgraded Nice from a “sell” rating to a “hold” rating and set a $124.00 price target for the company in a research report on Wednesday, August 15th. DA Davidson initiated coverage on Nice in a research report on Friday, June 22nd. They issued a “neutral” rating and a $110.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price target on Nice from $104.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, August 10th. Seven equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $110.00.

NICE stock traded up $2.34 during trading on Thursday, reaching $107.39. The stock had a trading volume of 248,539 shares, compared to its average volume of 191,965. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.48 and a current ratio of 1.48. The company has a market cap of $6.97 billion, a price-to-earnings ratio of 46.49, a P/E/G ratio of 4.40 and a beta of 0.74. Nice has a 52 week low of $80.25 and a 52 week high of $119.83.

Nice (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, August 9th. The technology company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). The company had revenue of $345.41 million during the quarter, compared to analysts’ expectations of $342.49 million. Nice had a return on equity of 9.15% and a net margin of 11.73%. Equities analysts predict that Nice will post 2.56 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its position in shares of Nice by 4.0% during the second quarter. Janus Henderson Group PLC now owns 5,036,102 shares of the technology company’s stock worth $522,596,000 after purchasing an additional 195,424 shares in the last quarter. Investec Asset Management LTD grew its holdings in Nice by 27.5% during the 2nd quarter. Investec Asset Management LTD now owns 628,616 shares of the technology company’s stock valued at $65,231,000 after buying an additional 135,530 shares in the last quarter. American Capital Management Inc. grew its holdings in Nice by 0.8% during the 2nd quarter. American Capital Management Inc. now owns 577,272 shares of the technology company’s stock valued at $59,904,000 after buying an additional 4,435 shares in the last quarter. Bank of America Corp DE grew its holdings in Nice by 2.0% during the 2nd quarter. Bank of America Corp DE now owns 336,890 shares of the technology company’s stock valued at $34,960,000 after buying an additional 6,627 shares in the last quarter. Finally, FMR LLC purchased a new position in Nice during the 2nd quarter valued at approximately $32,560,000. Hedge funds and other institutional investors own 45.41% of the company’s stock.

About Nice

NICE Ltd. provides enterprise software solutions worldwide. It 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 delivered in the cloud, as well as on premise.

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