Nice (NICE) Upgraded to “Buy” by Zacks Investment Research

Zacks Investment Research upgraded shares of Nice (NASDAQ:NICE) from a hold rating to a buy rating in a research report report published on Wednesday. The brokerage currently has $98.00 price target 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 research analysts have also issued reports about the company. Oppenheimer reaffirmed a buy rating and set a $100.00 target price (up from $90.00) on shares of Nice in a research report on Wednesday, December 13th. Jefferies Group raised Nice from a hold rating to a buy rating and set a $87.00 target price on the stock in a research report on Thursday, January 18th. BidaskClub raised Nice from a sell rating to a hold rating in a research report on Wednesday, December 27th. Chardan Capital lowered Nice from a buy rating to a neutral rating and set a $91.00 target price on the stock. in a research report on Monday, November 6th. Finally, Citigroup upped their target price on Nice from $83.00 to $93.00 and gave the company a neutral rating in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Nice has a consensus rating of Hold and a consensus price target of $90.86.

Shares of Nice (NICE) traded down $0.20 during trading hours on Wednesday, reaching $88.11. The company had a trading volume of 167,000 shares, compared to its average volume of 182,572. Nice has a 12 month low of $65.72 and a 12 month high of $95.65. The firm has a market cap of $5,301.87, a price-to-earnings ratio of 35.32, a P/E/G ratio of 3.45 and a beta of 0.79. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.27.

A number of institutional investors have recently bought and sold shares of the business. Rivulet Capital LLC grew its stake in Nice by 9.9% during the 4th quarter. Rivulet Capital LLC now owns 1,210,620 shares of the technology company’s stock valued at $111,268,000 after purchasing an additional 109,100 shares during the last quarter. Victory Capital Management Inc. grew its stake in Nice by 12.0% during the 4th quarter. Victory Capital Management Inc. now owns 831,357 shares of the technology company’s stock valued at $76,410,000 after purchasing an additional 89,288 shares during the last quarter. American Capital Management Inc. grew its stake in Nice by 1.4% during the 4th quarter. American Capital Management Inc. now owns 574,847 shares of the technology company’s stock valued at $52,834,000 after purchasing an additional 7,815 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd grew its stake in Nice by 95.7% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 435,444 shares of the technology company’s stock valued at $35,406,000 after purchasing an additional 212,901 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its stake in Nice by 2.7% during the 4th quarter. Eagle Asset Management Inc. now owns 292,166 shares of the technology company’s stock valued at $26,699,000 after purchasing an additional 7,601 shares during the last quarter. Institutional investors and hedge funds own 44.93% of the company’s stock.

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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.

Analyst Recommendations for Nice (NASDAQ:NICE)

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