Nice (NASDAQ:NICE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday, Zacks.com reports.

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. “

Several other equities research analysts have also issued reports on NICE. Wedbush reissued a “hold” rating and set a $1.00 price target on shares of Regulus Therapeutics in a research report on Thursday, May 16th. JMP Securities increased their target price on Nice from $140.00 to $164.00 and gave the stock a “market outperform” rating in a research report on Friday, May 17th. DA Davidson increased their target price on Nice to $140.00 and gave the stock a “neutral” rating in a research report on Friday, May 17th. BidaskClub lowered Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a GBX 460 ($6.01) target price on shares of Sophos Group in a research report on Friday, May 17th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Nice currently has a consensus rating of “Buy” and a consensus price target of $145.25.

Shares of NICE stock traded up $0.60 on Wednesday, hitting $147.61. 14,270 shares of the stock traded hands, compared to its average volume of 172,936. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.28. The company has a market cap of $9.16 billion, a P/E ratio of 38.34, a PEG ratio of 3.32 and a beta of 0.75. Nice has a 1-year low of $100.54 and a 1-year high of $150.18. The stock’s fifty day moving average is $140.60.

Nice (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, May 16th. The technology company reported $1.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.27. The business had revenue of $377.00 million for the quarter, compared to analyst estimates of $375.18 million. Nice had a return on equity of 10.83% and a net margin of 11.63%. The business’s revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.03 EPS. On average, analysts predict that Nice will post 4.39 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. OppenheimerFunds Inc. grew its stake in shares of Nice by 6.6% in 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 in the last quarter. William Blair Investment Management LLC grew its stake in shares of Nice by 0.3% in the first quarter. William Blair Investment Management LLC now owns 1,106,946 shares of the technology company’s stock worth $135,611,000 after purchasing an additional 3,177 shares in the last quarter. Investec Asset Management LTD grew its stake in shares of Nice by 2.9% in the first quarter. Investec Asset Management LTD now owns 883,177 shares of the technology company’s stock worth $108,198,000 after purchasing an additional 25,051 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Nice by 45.2% in the fourth quarter. Principal Financial Group Inc. now owns 802,621 shares of the technology company’s stock worth $86,852,000 after purchasing an additional 249,722 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Nice by 31.5% in the first quarter. Acadian Asset Management LLC now owns 648,860 shares of the technology company’s stock worth $79,493,000 after purchasing an additional 155,515 shares in the last quarter. 45.92% of the stock is currently owned by hedge funds and other institutional investors.

About Nice

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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