Barclays reiterated their hold rating on shares of Nice (NASDAQ:NICE) in a research report sent to investors on Sunday, February 18th. Barclays currently has a $93.00 price objective on the technology company’s stock.
NICE has been the topic of a number of other reports. Zacks Investment Research downgraded Nice from a buy rating to a hold rating in a research note on Thursday, January 4th. BidaskClub lowered Nice from a hold rating to a sell rating in a report on Wednesday, January 24th. Jefferies Group lifted their price objective on Nice from $84.00 to $87.00 and gave the stock a hold rating in a report on Friday, November 3rd. Chardan Capital lowered Nice from a buy rating to a neutral rating and set a $91.00 price objective on the stock. in a report on Monday, November 6th. Finally, Citigroup boosted their price target on Nice from $83.00 to $93.00 and gave the company a neutral rating in a research note on Friday, November 3rd. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of $93.86.
Shares of Nice (NASDAQ NICE) traded up $0.58 during mid-day trading on Friday, reaching $96.30. The company had a trading volume of 100,084 shares, compared to its average volume of 171,810. Nice has a fifty-two week low of $65.72 and a fifty-two week high of $98.48. The company has a market capitalization of $5,880.00, a PE ratio of 41.87, a P/E/G ratio of 2.99 and a beta of 0.71. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.32 and a quick ratio of 1.28.
Nice (NASDAQ:NICE) last announced its earnings results on Thursday, February 15th. The technology company reported $1.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.50. Nice had a return on equity of 10.45% and a net margin of 10.76%. The business had revenue of $392.24 million during the quarter, compared to analysts’ expectations of $390.90 million. sell-side analysts expect that Nice will post 2.59 EPS for the current year.
A number of hedge funds have recently made changes to their positions in NICE. Bank of New York Mellon Corp boosted its stake in Nice by 12.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 11,482 shares of the technology company’s stock valued at $905,000 after buying an additional 1,281 shares in the last quarter. Ameriprise Financial Inc. raised its position in Nice by 16.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,014 shares of the technology company’s stock valued at $395,000 after purchasing an additional 724 shares during the last quarter. American Capital Management Inc. raised its position in Nice by 0.6% in the 3rd quarter. American Capital Management Inc. now owns 567,032 shares of the technology company’s stock valued at $46,105,000 after purchasing an additional 3,290 shares during the last quarter. Tygh Capital Management Inc. raised its position in Nice by 58.6% in the 3rd quarter. Tygh Capital Management Inc. now owns 92,906 shares of the technology company’s stock valued at $7,554,000 after purchasing an additional 34,320 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new position in Nice in the 3rd quarter valued at $3,742,000. 45.91% of the stock is currently owned by institutional investors and hedge funds.
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.
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