Nice (NICE) Receives “Hold” Rating from Barclays
NICE has been the subject of a number of other research reports. Morgan Stanley started coverage on shares of Nice in a report on Tuesday, May 8th. They issued an equal weight rating and a $101.00 price objective for the company. Zacks Investment Research lowered shares of Nice from a strong-buy rating to a hold rating in a report on Wednesday, April 18th. Jefferies Financial Group reissued a buy rating and issued a $119.00 price objective on shares of Nice in a report on Wednesday, May 16th. BidaskClub lowered shares of Nice from a strong-buy rating to a buy rating in a report on Friday, June 8th. Finally, ValuEngine raised shares of Nice from a buy rating to a strong-buy rating in a report on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Nice has a consensus rating of Hold and an average target price of $104.50.
Shares of NICE traded up $1.84 during mid-day trading on Friday, reaching $110.56. The stock had a trading volume of 153,945 shares, compared to its average volume of 208,276. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. Nice has a 52-week low of $73.65 and a 52-week high of $116.05. The firm has a market capitalization of $6.70 billion, a P/E ratio of 47.86, a P/E/G ratio of 4.32 and a beta of 0.76.
Hedge funds have recently made changes to their positions in the business. Vigilant Capital Management LLC purchased a new position in Nice during the second quarter worth about $125,000. Ostrum Asset Management purchased a new position in Nice during the first quarter worth about $166,000. Valmark Advisers Inc. purchased a new position in Nice during the second quarter worth about $208,000. Janney Montgomery Scott LLC purchased a new position in shares of Nice in the second quarter valued at approximately $239,000. Finally, Marietta Investment Partners LLC purchased a new position in shares of Nice in the second quarter valued at approximately $250,000. 45.46% of the stock is owned by institutional investors.
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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