Nice (NASDAQ:NICE) Downgraded by BidaskClub

BidaskClub downgraded shares of Nice (NASDAQ:NICE) from a buy rating to a hold rating in a research report released on Friday, BidAskClub reports.

Other analysts have also issued reports about the stock. Jefferies Financial Group boosted their price objective on shares of Nice from $166.00 to $179.00 and gave the company a buy rating in a report on Friday, August 9th. DA Davidson boosted their price objective on shares of Nice to $140.00 and gave the company a neutral rating in a report on Friday, May 17th. Rosenblatt Securities began coverage on shares of Nice in a report on Wednesday, September 4th. They issued a buy rating and a $187.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Nice from $150.00 to $166.00 and gave the company an overweight rating in a report on Monday, July 29th. Finally, Wedbush restated a buy rating and issued a $160.00 price objective on shares of Nice in a report on Thursday, May 16th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $153.92.

Shares of NICE opened at $148.11 on Friday. The firm has a market cap of $9.22 billion, a P/E ratio of 38.47, a price-to-earnings-growth ratio of 3.01 and a beta of 0.76. Nice has a 12-month low of $100.54 and a 12-month high of $155.76. The company’s 50-day moving average price is $151.82 and its 200 day moving average price is $138.00. 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 (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $1.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.02. The firm had revenue of $381.40 million for the quarter, compared to analyst estimates of $378.80 million. Nice had a net margin of 11.85% and a return on equity of 12.09%. Nice’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.06 EPS. Equities research analysts forecast that Nice will post 4.42 earnings per share for the current year.

A number of large investors have recently modified their holdings of the business. Invesco Ltd. purchased a new stake in Nice during the second quarter worth about $372,502,000. OppenheimerFunds Inc. increased its stake in Nice by 6.6% during the first quarter. OppenheimerFunds Inc. now owns 2,691,376 shares of the technology company’s stock worth $329,720,000 after purchasing an additional 166,110 shares during the period. William Blair Investment Management LLC increased its stake in Nice by 22.1% during the second quarter. William Blair Investment Management LLC now owns 1,351,820 shares of the technology company’s stock worth $185,185,000 after purchasing an additional 244,874 shares during the period. Acadian Asset Management LLC increased its stake in Nice by 10.3% during the second quarter. Acadian Asset Management LLC now owns 715,421 shares of the technology company’s stock worth $98,012,000 after purchasing an additional 66,561 shares during the period. Finally, American Capital Management Inc. increased its stake in Nice by 0.8% during the first quarter. American Capital Management Inc. now owns 584,353 shares of the technology company’s stock worth $71,589,000 after purchasing an additional 4,448 shares during the period. Institutional investors own 48.02% of the company’s stock.

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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Analyst Recommendations for Nice (NASDAQ:NICE)

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