Nice (NICE) Sets New 1-Year High at $89.17

Nice Ltd (NASDAQ:NICE) reached a new 52-week high on Tuesday . The stock traded as high as $89.17 and last traded at $88.00, with a volume of 469400 shares. The stock had previously closed at $87.30.

NICE has been the subject of several research analyst reports. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $80.00 price objective on shares of Nice in a report on Monday, August 21st. Jefferies Group initiated coverage on shares of Nice in a report on Friday, October 6th. They issued a “hold” rating and a $84.00 price objective for the company. Chardan Capital upped their price objective on shares of Nice from $84.00 to $91.00 and gave the stock a “buy” rating in a report on Monday, October 16th. J P Morgan Chase & Co downgraded shares of Nice from an “overweight” rating to a “neutral” rating in a report on Friday, November 3rd. Finally, Citigroup upped their price objective on shares of Nice from $83.00 to $93.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. Nice currently has an average rating of “Hold” and a consensus target price of $83.50.

The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market capitalization of $5,283.26, a price-to-earnings ratio of 35.20, a price-to-earnings-growth ratio of 4.88 and a beta of 0.90.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Axiom International Investors LLC DE lifted its holdings in Nice by 52.7% in the 3rd quarter. Axiom International Investors LLC DE now owns 79,810 shares of the technology company’s stock valued at $6,489,000 after acquiring an additional 27,529 shares during the last quarter. Iberiabank Corp acquired a new stake in Nice in the 3rd quarter valued at about $270,000. Schroder Investment Management Group acquired a new stake in Nice in the 3rd quarter valued at about $973,000. Eagle Asset Management Inc. lifted its holdings in Nice by 2.8% in the 3rd quarter. Eagle Asset Management Inc. now owns 284,565 shares of the technology company’s stock valued at $22,941,000 after acquiring an additional 7,790 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd lifted its holdings in Nice by 95.7% in 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 acquiring an additional 212,901 shares during the last quarter. 45.10% of the stock is owned by institutional investors.

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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.

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