Nice (NICE) Upgraded by ValuEngine to Buy
ValuEngine upgraded shares of Nice (NASDAQ:NICE) from a hold rating to a buy rating in a research report released on Thursday morning.
NICE has been the subject of a number of other reports. BidaskClub downgraded shares of Nice from a hold rating to a sell rating in a research note on Wednesday, January 24th. Chardan Capital reissued a neutral rating and issued a $99.00 price target (up from $91.00) on shares of Nice in a research note on Wednesday, February 21st. Zacks Investment Research downgraded shares of Nice from a buy rating to a hold rating in a research note on Thursday, February 8th. Oppenheimer reissued a buy rating and issued a $100.00 price target (up from $90.00) on shares of Nice in a research note on Wednesday, December 13th. Finally, Jefferies Group raised shares of Nice from a hold rating to a buy rating and set a $87.00 price target for the company in a research note on Thursday, January 18th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $93.86.
Shares of Nice (NASDAQ NICE) traded up $1.23 during trading hours on Thursday, hitting $96.68. 113,291 shares of the stock traded hands, compared to its average volume of 177,926. The company has a market capitalization of $5,804.38, a P/E ratio of 42.03, a price-to-earnings-growth ratio of 2.99 and a beta of 0.71. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.26. Nice has a 52-week low of $65.72 and a 52-week high of $98.06.
Hedge funds have recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. raised its stake in Nice by 99.5% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,065 shares of the technology company’s stock worth $190,000 after buying an additional 1,030 shares in the last quarter. Mitchell Capital Management Co. bought a new position in Nice in the fourth quarter worth about $209,000. River Road Asset Management LLC bought a new position in shares of Nice during the fourth quarter valued at approximately $235,000. Iberiabank Corp bought a new position in shares of Nice during the third quarter valued at approximately $270,000. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Nice during the fourth quarter valued at approximately $276,000. 44.82% of the stock is owned by institutional investors.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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