Nice (NASDAQ:NICE) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Nice (NASDAQ:NICE) from a hold rating to a buy rating in a research report released on Thursday morning, Zacks.com reports. They currently have $170.00 target price on the technology company’s stock.

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 equities analysts have also recently commented on the stock. BidaskClub raised shares of Nice from a buy rating to a strong-buy rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. lifted their target price on Nice from $150.00 to $166.00 and gave the stock an overweight rating in a report on Monday, July 29th. DA Davidson lifted their target price on Nice to $140.00 and gave the stock a neutral rating in a report on Friday, May 17th. Morgan Stanley set a $140.00 target price on Nice and gave the stock a hold rating in a report on Friday, August 9th. Finally, Barclays lifted their target price on Nice from $124.00 to $150.00 and gave the stock an equal weight rating in a report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $151.42.

NICE stock opened at $152.07 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.28 and a quick ratio of 1.28. The company has a fifty day moving average price of $149.68 and a two-hundred day moving average price of $133.67. Nice has a one year low of $100.54 and a one year high of $155.76. The stock has a market cap of $9.50 billion, a price-to-earnings ratio of 39.50, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74.

Nice (NASDAQ:NICE) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $1.02 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.02. Nice had a net margin of 11.85% and a return on equity of 12.09%. The firm had revenue of $381.40 million during the quarter, compared to analysts’ expectations of $378.80 million. During the same period in the previous year, the business posted $1.06 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Research analysts anticipate that Nice will post 4.42 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Financial Gravity Wealth Inc. acquired a new position in Nice in the first quarter valued at about $26,000. Nkcfo LLC acquired a new position in Nice in the second quarter valued at about $31,000. Pacer Advisors Inc. acquired a new position in Nice in the second quarter valued at about $32,000. Sonora Investment Management LLC acquired a new position in Nice in the second quarter valued at about $34,000. Finally, Pinnacle Bank raised its stake in Nice by 44.5% in the second quarter. Pinnacle Bank now owns 315 shares of the technology company’s stock valued at $43,000 after purchasing an additional 97 shares in the last quarter. 48.23% of the stock is owned by institutional investors and hedge funds.

Nice Company Profile

NICE Ltd. provides enterprise software solutions worldwide. The company operates in two segments, Customer Engagement, and Financial Crime and Compliance. The Customer Engagement segment offers platform and solutions that empower businesses to deliver consistent and personalized experience across the customer journey, and optimize business performance and ensure compliance.

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