Shares of Nice Ltd (NASDAQ:NICE) have earned a consensus rating of “Buy” from the eleven brokerages that are currently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $108.56.

Several research firms have commented on NICE. JPMorgan Chase & Co. increased their price objective on shares of Nice from $104.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 10th. Zacks Investment Research upgraded shares of Nice from a “sell” rating to a “hold” rating and set a $124.00 price objective for the company in a research note on Wednesday, August 15th. BidaskClub upgraded shares of Nice from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 16th. Barclays reiterated a “hold” rating and issued a $114.00 price objective on shares of Nice in a research note on Friday, August 10th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $119.00 price objective on shares of Nice in a research note on Wednesday, May 16th.

Large investors have recently bought and sold shares of the business. Investec Asset Management LTD increased its stake in Nice by 27.5% in the 2nd quarter. Investec Asset Management LTD now owns 628,616 shares of the technology company’s stock valued at $65,231,000 after buying an additional 135,530 shares during the last quarter. Boston Advisors LLC purchased a new stake in Nice in the 2nd quarter valued at about $393,000. Navellier & Associates Inc increased its stake in Nice by 210.1% in the 2nd quarter. Navellier & Associates Inc now owns 12,094 shares of the technology company’s stock valued at $1,255,000 after buying an additional 8,194 shares during the last quarter. Janus Henderson Group PLC increased its stake in Nice by 4.0% in the 2nd quarter. Janus Henderson Group PLC now owns 5,036,102 shares of the technology company’s stock valued at $522,596,000 after buying an additional 195,424 shares during the last quarter. Finally, Valmark Advisers Inc. purchased a new stake in shares of Nice during the 2nd quarter worth approximately $208,000. Hedge funds and other institutional investors own 45.44% of the company’s stock.

NASDAQ NICE traded down $0.46 during trading hours on Friday, hitting $115.96. The company’s stock had a trading volume of 75,550 shares, compared to its average volume of 150,316. Nice has a 52 week low of $78.23 and a 52 week high of $117.33. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 50.20, a PEG ratio of 4.48 and a beta of 0.76. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.48 and a current ratio of 1.48.

Nice (NASDAQ:NICE) last announced its quarterly earnings results on Thursday, August 9th. The technology company reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.03). Nice had a net margin of 11.73% and a return on equity of 9.15%. The business had revenue of $345.41 million during the quarter, compared to the consensus estimate of $342.49 million. sell-side analysts predict that Nice will post 2.56 EPS for the current year.

Nice Company Profile

NICE Ltd. provides enterprise software solutions worldwide. It 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 delivered in the cloud, as well as on premise.

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Analyst Recommendations for Nice (NASDAQ:NICE)

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