Nice (NICE) Upgraded to Buy at Zacks Investment Research

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.

Nice (NASDAQ:NICE) opened at $93.33 on Wednesday. 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 12-month low of $65.59 and a 12-month high of $94.75. The stock has a market cap of $5,730.00, a P/E ratio of 61.40, a price-to-earnings-growth ratio of 3.63 and a beta of 0.90.

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.

TRADEMARK VIOLATION WARNING: “Nice (NICE) Upgraded to Buy at Zacks Investment Research” was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://www.com-unik.info/2018/01/10/nice-nice-upgraded-to-buy-at-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on Nice (NICE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Nice (NASDAQ:NICE)

Receive News & Ratings for Nice Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nice and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit