Shares of Nice Ltd (NASDAQ:NICE) have been given a consensus rating of “Buy” by the fifteen brokerages that are presently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $154.58.
NICE has been the subject of several research analyst reports. ValuEngine downgraded Nice from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Rosenblatt Securities initiated coverage on Nice in a research note on Wednesday, September 4th. They set a “buy” rating and a $187.00 target price for the company. Oppenheimer set a $166.00 target price on Nice and gave the stock a “buy” rating in a research note on Tuesday, October 15th. JMP Securities upped their target price on Nice from $164.00 to $185.00 and gave the stock a “market outperform” rating in a research note on Friday, August 9th. Finally, Morgan Stanley set a $140.00 target price on Nice and gave the stock a “hold” rating in a research note on Friday, August 9th.
NASDAQ:NICE traded down $0.81 during trading hours on Friday, reaching $149.30. The company had a trading volume of 182,876 shares, compared to its average volume of 192,467. Nice has a 1-year low of $100.54 and a 1-year high of $155.76. The firm has a market cap of $9.27 billion, a PE ratio of 38.78, a price-to-earnings-growth ratio of 3.02 and a beta of 0.76. The business’s 50 day moving average price is $149.44 and its 200-day moving average price is $142.92. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.28 and a quick ratio of 1.28.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Nordea Investment Management AB purchased a new position in shares of Nice in the first quarter worth about $9,561,000. First Trust Advisors LP purchased a new position in Nice during the first quarter valued at approximately $705,000. Sphera Funds Management LTD. purchased a new position in Nice during the first quarter valued at approximately $3,892,000. Pinnacle Bank grew its stake in Nice by 44.5% during the second quarter. Pinnacle Bank now owns 315 shares of the technology company’s stock valued at $43,000 after acquiring an additional 97 shares in the last quarter. Finally, West Coast Financial LLC purchased a new position in Nice during the second quarter valued at approximately $201,000. Hedge funds and other institutional investors own 48.02% of the company’s stock.
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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