Nice (NASDAQ:NICE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The brokerage currently has a $105.00 target price on the technology company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 12.50% from the stock’s current price.
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. “
A number of other research firms have also commented on NICE. Chardan Capital upped their price objective on shares of Nice from $84.00 to $91.00 and gave the company a “buy” rating in a research note on Monday, October 16th. Jefferies Group upped their price objective on shares of Nice from $84.00 to $87.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. Citigroup upped their price objective on shares of Nice from $83.00 to $93.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. BidaskClub raised shares of Nice from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Finally, JPMorgan Chase & Co. lowered shares of Nice from an “overweight” rating to a “neutral” rating in a research note on Friday, November 3rd. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $88.33.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Iberiabank Corp bought a new position in Nice during the third quarter worth $270,000. Ameriprise Financial Inc. boosted its stake in Nice by 16.9% during the second quarter. Ameriprise Financial Inc. now owns 5,014 shares of the technology company’s stock worth $395,000 after acquiring an additional 724 shares in the last quarter. Eaton Vance Management bought a new position in Nice during the second quarter worth $426,000. Russell Investments Group Ltd. boosted its stake in Nice by 22.8% during the third quarter. Russell Investments Group Ltd. now owns 5,460 shares of the technology company’s stock worth $444,000 after acquiring an additional 1,013 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Nice by 12.6% during the second quarter. Bank of New York Mellon Corp now owns 11,482 shares of the technology company’s stock worth $905,000 after acquiring an additional 1,281 shares in the last quarter. 45.00% of the stock is currently owned by institutional investors and hedge funds.
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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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