Nice (NICE) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research cut shares of Nice (NASDAQ:NICE) from a buy rating to a hold rating in a research note released on Thursday.

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 research analysts also recently weighed in on the company. Chardan Capital downgraded Nice from a buy rating to a neutral rating and set a $91.00 price target for the company. in a research note on Monday, November 6th. Citigroup increased their price target on Nice from $83.00 to $93.00 and gave the stock a neutral rating in a research note on Friday, November 3rd. JPMorgan Chase & Co. downgraded Nice from an overweight rating to a neutral rating in a research note on Friday, November 3rd. Jefferies Group initiated coverage on Nice in a research note on Friday, October 6th. They set a hold rating and a $84.00 price target for the company. Finally, Oppenheimer reiterated a buy rating and set a $100.00 price target (up previously from $90.00) on shares of Nice in a research note on Wednesday, December 13th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Nice presently has an average rating of Hold and an average target price of $88.11.

Nice (NICE) opened at $92.79 on Thursday. 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 firm has a market capitalization of $5,570.83, a price-to-earnings ratio of 63.55, a PEG ratio of 3.63 and a beta of 0.90. Nice has a 12 month low of $65.59 and a 12 month high of $94.75.

A number of hedge funds and other institutional investors have recently modified their holdings of NICE. Clal Insurance Enterprises Holdings Ltd boosted its stake 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 worth $35,406,000 after purchasing an additional 212,901 shares during the period. Ameriprise Financial Inc. boosted its stake in Nice by 2,112.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 110,938 shares of the technology company’s stock worth $9,020,000 after purchasing an additional 105,924 shares during the period. Parametric Portfolio Associates LLC boosted its stake in Nice by 31.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 201,670 shares of the technology company’s stock worth $15,875,000 after purchasing an additional 47,895 shares during the period. Sumitomo Mitsui Trust Holdings Inc. bought a new position in Nice in the 3rd quarter worth about $3,742,000. Finally, Tygh Capital Management Inc. boosted its stake in Nice by 58.6% in the 3rd quarter. Tygh Capital Management Inc. now owns 92,906 shares of the technology company’s stock worth $7,554,000 after purchasing an additional 34,320 shares during the period. Institutional investors and hedge funds own 45.00% of the company’s stock.

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Nice Company Profile

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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