BidaskClub downgraded shares of Nice (NASDAQ:NICE) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.
A number of other research analysts have also issued reports on NICE. Morgan Stanley increased their target price on Nice from $107.00 to $117.00 and gave the company an equal weight rating in a research report on Monday, January 7th. Zacks Investment Research upgraded Nice from a hold rating to a strong-buy rating and set a $127.00 target price on the stock in a research report on Friday, November 23rd. Wedbush assumed coverage on Nice in a research report on Thursday, October 18th. They set an outperform rating and a $130.00 target price on the stock. Royal Bank of Canada increased their target price on Nice to $120.00 and gave the company a market perform rating in a research report on Friday, November 9th. Finally, Jefferies Financial Group increased their target price on Nice to $132.00 and gave the company a buy rating in a research report on Thursday, September 20th. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $117.67.
Shares of NASDAQ:NICE opened at $107.62 on Thursday. Nice has a 1 year low of $84.49 and a 1 year high of $119.83. The company has a market cap of $6.48 billion, a PE ratio of 46.59, a price-to-earnings-growth ratio of 2.36 and a beta of 0.89. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.34 and a current ratio of 1.34.
Nice (NASDAQ:NICE) last announced its earnings results on Thursday, November 8th. The technology company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.04). Nice had a net margin of 12.37% and a return on equity of 9.49%. The business had revenue of $356.45 million for the quarter, compared to analysts’ expectations of $350.67 million. Sell-side analysts expect that Nice will post 3.81 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the business. Stratos Wealth Partners LTD. purchased a new position in Nice in the 3rd quarter valued at $106,000. First Hawaiian Bank purchased a new position in Nice in the 3rd quarter valued at $126,000. West Coast Financial LLC purchased a new position in Nice in the 3rd quarter valued at $201,000. Carmichael Hill & Associates Inc. purchased a new position in Nice in the 3rd quarter valued at $206,000. Finally, FDx Advisors Inc. purchased a new position in Nice in the 3rd quarter valued at $258,000. Institutional investors own 44.99% of the company’s stock.
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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