Nice (NASDAQ:NICE) Lowered to Hold at Zacks Investment Research

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Nice (NASDAQ:NICE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks.com reports.

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 commented on the stock. BidaskClub lowered shares of Nice from a “buy” rating to a “hold” rating in a research note on Friday, September 13th. Morgan Stanley set a $140.00 price objective on shares of Nice and gave the company a “hold” rating in a research note on Friday, August 9th. JMP Securities increased their price objective on shares of Nice from $164.00 to $185.00 and gave the company a “market outperform” rating in a research note on Friday, August 9th. Rosenblatt Securities started coverage on shares of Nice in a research note on Wednesday, September 4th. They issued a “buy” rating and a $187.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of Nice from $150.00 to $166.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $153.92.

NICE opened at $150.55 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.28 and a quick ratio of 1.28. Nice has a fifty-two week low of $100.54 and a fifty-two week high of $155.76. The firm has a market capitalization of $9.30 billion, a PE ratio of 39.10, a P/E/G ratio of 2.96 and a beta of 0.76. The company’s 50-day moving average is $151.79 and its 200 day moving average is $138.32.

Nice (NASDAQ:NICE) last posted its earnings results on Thursday, August 8th. The technology company reported $1.02 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.02. The company had revenue of $381.40 million for the quarter, compared to analyst estimates of $378.80 million. Nice had a net margin of 11.85% and a return on equity of 12.09%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.06 EPS. As a group, analysts expect that Nice will post 4.42 EPS for the current year.

Several hedge funds have recently modified their holdings of the company. River & Mercantile Asset Management LLP purchased a new stake in shares of Nice during the 2nd quarter worth approximately $69,000. Atria Investments LLC increased its stake in shares of Nice by 4.9% during the 2nd quarter. Atria Investments LLC now owns 3,510 shares of the technology company’s stock worth $525,000 after purchasing an additional 165 shares during the last quarter. Vestmark Advisory Solutions Inc. increased its stake in shares of Nice by 4.9% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 3,140 shares of the technology company’s stock worth $430,000 after purchasing an additional 147 shares during the last quarter. Prudential PLC purchased a new stake in shares of Nice during the 2nd quarter worth approximately $206,000. Finally, UBS Group AG increased its stake in shares of Nice by 17.8% during the 2nd quarter. UBS Group AG now owns 70,387 shares of the technology company’s stock worth $9,643,000 after purchasing an additional 10,638 shares during the last quarter. Institutional investors own 48.02% of the company’s stock.

About Nice

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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