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

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 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. “

Other analysts have also issued reports about the company. Chardan Capital raised their price target on Nice from $84.00 to $91.00 and gave the stock a “buy” rating in a research note on Monday, October 16th. Oppenheimer restated a “buy” rating and issued a $100.00 price objective (up from $90.00) on shares of Nice in a report on Wednesday, December 13th. Jefferies Group upgraded Nice from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a report on Thursday, January 18th. BidaskClub upgraded Nice from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, Citigroup raised their price objective on 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, six have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $88.88.

Shares of Nice (NICE) traded down $0.93 during trading hours on Thursday, reaching $86.30. The company’s stock had a trading volume of 58,607 shares, compared to its average volume of 183,936. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.27. Nice has a 12-month low of $65.72 and a 12-month high of $95.65. The firm has a market cap of $5,299.47, a price-to-earnings ratio of 59.11, a price-to-earnings-growth ratio of 3.44 and a beta of 0.79.

Several institutional investors have recently added to or reduced their stakes in NICE. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Nice by 99.5% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,065 shares of the technology company’s stock worth $190,000 after purchasing an additional 1,030 shares during the period. River Road Asset Management LLC purchased a new position in shares of Nice in the 4th quarter worth about $235,000. Iberiabank Corp purchased a new position in shares of Nice in the 3rd quarter worth about $270,000. Oppenheimer & Co. Inc. purchased a new position in shares of Nice in the 4th quarter worth about $276,000. Finally, Ameriprise Financial Inc. raised its holdings in shares of Nice by 16.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,014 shares of the technology company’s stock worth $395,000 after purchasing an additional 724 shares during the period. Institutional investors own 44.96% 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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