Nice (NASDAQ:NICE) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Nice (NASDAQ:NICE) from a hold rating to a buy rating in a research report released on Tuesday morning, Zacks.com reports. The brokerage currently has $175.00 target price on the technology company’s stock.

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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. “

A number of other analysts have also recently issued reports on NICE. Oppenheimer set a $166.00 price objective on shares of Nice and gave the stock a buy rating in a research note on Tuesday, October 15th. Morgan Stanley set a $140.00 price objective on shares of Nice and gave the stock a hold rating in a research note on Friday, August 9th. JPMorgan Chase & Co. increased their price objective on shares of Nice from $150.00 to $166.00 and gave the stock an overweight rating in a research note on Monday, July 29th. Jefferies Financial Group raised their target price on shares of Nice from $166.00 to $179.00 and gave the company a buy rating in a research note on Friday, August 9th. Finally, ValuEngine cut shares of Nice from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $160.83.

Shares of NASDAQ NICE traded up $0.83 during midday trading on Tuesday, reaching $148.49. The stock had a trading volume of 20,956 shares, compared to its average volume of 235,327. The stock has a 50-day moving average of $152.64 and a 200-day moving average of $146.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $9.21 billion, a price-to-earnings ratio of 38.58, a price-to-earnings-growth ratio of 3.42 and a beta of 0.78. Nice has a 12-month low of $102.56 and a 12-month high of $161.01.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Invesco Ltd. bought a new position in Nice during the second quarter valued at $372,502,000. William Blair Investment Management LLC lifted its position in Nice by 22.1% during the second quarter. William Blair Investment Management LLC now owns 1,351,820 shares of the technology company’s stock valued at $185,185,000 after purchasing an additional 244,874 shares during the last quarter. Acadian Asset Management LLC lifted its position in Nice by 10.3% during the second quarter. Acadian Asset Management LLC now owns 715,421 shares of the technology company’s stock valued at $98,012,000 after purchasing an additional 66,561 shares during the last quarter. Greystone Managed Investments Inc. lifted its position in Nice by 8.6% during the second quarter. Greystone Managed Investments Inc. now owns 322,277 shares of the technology company’s stock valued at $44,152,000 after purchasing an additional 25,470 shares during the last quarter. Finally, APG Asset Management N.V. lifted its position in Nice by 7.8% during the second quarter. APG Asset Management N.V. now owns 262,500 shares of the technology company’s stock valued at $31,579,000 after purchasing an additional 18,900 shares during the last quarter. 46.13% of the stock is owned by institutional investors.

Nice Company Profile

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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Analyst Recommendations for Nice (NASDAQ:NICE)

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