Nice (NASDAQ:NICE) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Nice (NASDAQ:NICE) from a hold rating to a buy rating in a research report sent to investors on Thursday, Zacks.com reports. They currently have $170.00 price objective 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. “

Several other equities research analysts have also issued reports on NICE. Wedbush reaffirmed a buy rating and set a $160.00 price target on shares of Nice in a research note on Thursday, May 16th. Barclays lifted their price target on Nice from $124.00 to $150.00 and gave the stock an equal weight rating in a research note on Wednesday, April 24th. JMP Securities lifted their price target on Nice from $164.00 to $185.00 and gave the stock a market outperform rating in a research note on Friday, August 9th. BidaskClub raised Nice from a buy rating to a strong-buy rating in a research note on Friday, August 2nd. Finally, DA Davidson lifted their price target on Nice to $140.00 and gave the stock a neutral rating in a research note on Friday, May 17th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $151.42.

Nice stock opened at $151.51 on Thursday. Nice has a 52 week low of $100.54 and a 52 week high of $155.76. The business has a 50-day simple moving average of $147.88 and a 200 day simple moving average of $132.53. The company has a quick ratio of 1.31, a current ratio of 1.28 and a debt-to-equity ratio of 0.27. The stock has a market cap of $9.35 billion, a price-to-earnings ratio of 39.35, a PEG ratio of 3.05 and a beta of 0.74.

Nice (NASDAQ:NICE) last posted its earnings results on Thursday, August 8th. The technology company reported $1.02 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.02. Nice had a return on equity of 12.09% and a net margin of 11.85%. The business had revenue of $381.40 million during the quarter, compared to analysts’ expectations of $378.80 million. During the same period in the previous year, the business earned $1.06 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. On average, research analysts anticipate that Nice will post 4.42 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NICE. Financial Gravity Wealth Inc. bought a new position in Nice during the 1st quarter valued at approximately $26,000. Nkcfo LLC bought a new position in Nice during the 2nd quarter valued at approximately $31,000. Pacer Advisors Inc. bought a new position in Nice during the 2nd quarter valued at approximately $32,000. Sonora Investment Management LLC bought a new position in Nice during the 2nd quarter valued at approximately $34,000. Finally, Pinnacle Bank raised its position in Nice by 44.5% during the 2nd quarter. Pinnacle Bank now owns 315 shares of the technology company’s stock valued at $43,000 after purchasing an additional 97 shares during the last quarter. 45.11% of the stock is owned by institutional investors.

Nice Company Profile

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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