Nice Ltd (NICE) Given Consensus Rating of “Hold” by Brokerages

Nice Ltd (NASDAQ:NICE) has earned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $116.50.

A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Nice from a “hold” rating to a “sell” rating in a report on Wednesday, November 14th. Wedbush assumed coverage on shares of Nice in a report on Thursday, October 18th. They issued an “outperform” rating and a $130.00 price target for the company. BidaskClub lowered shares of Nice from a “buy” rating to a “hold” rating in a report on Thursday. Royal Bank of Canada raised their price target on shares of Nice to $120.00 and gave the company a “market perform” rating in a report on Friday, November 9th. Finally, Jefferies Financial Group raised their price target on shares of Nice to $132.00 and gave the company a “buy” rating in a report on Thursday, September 20th. They noted that the move was a valuation call.

Shares of NASDAQ:NICE traded down $0.12 during trading on Friday, reaching $107.12. The stock had a trading volume of 3,958 shares, compared to its average volume of 158,945. Nice has a 52 week low of $84.49 and a 52 week high of $119.83. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $6.48 billion, a P/E ratio of 46.51, a price-to-earnings-growth ratio of 2.36 and a beta of 0.89.

Nice (NASDAQ:NICE) last posted 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). The firm had revenue of $356.45 million during the quarter, compared to the consensus estimate of $350.67 million. Nice had a net margin of 12.37% and a return on equity of 9.49%. As a group, analysts forecast that Nice will post 3.81 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stratos Wealth Partners LTD. acquired a new stake in Nice during the 3rd quarter worth $106,000. First Hawaiian Bank bought a new position in shares of Nice during the third quarter worth $126,000. West Coast Financial LLC bought a new position in shares of Nice during the third quarter worth $201,000. Carmichael Hill & Associates Inc. bought a new position in shares of Nice during the third quarter worth $206,000. Finally, FDx Advisors Inc. bought a new position in shares of Nice during the third quarter worth $258,000. 44.99% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Nice (NASDAQ:NICE)

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