Nice Ltd (NASDAQ:NICE) has earned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $116.50.
Several equities research analysts have commented on the company. BidaskClub lowered Nice from a “buy” rating to a “hold” rating in a research note on Thursday, September 20th. Jefferies Financial Group increased their price target on Nice to $132.00 and gave the company a “buy” rating in a report on Thursday, September 20th. They noted that the move was a valuation call. Royal Bank of Canada increased their price target on Nice to $120.00 and gave the company a “market perform” rating in a report on Friday, November 9th. Zacks Investment Research downgraded Nice from a “hold” rating to a “sell” rating in a report on Wednesday, November 14th. Finally, Morgan Stanley increased their price target on Nice from $107.00 to $117.00 and gave the company an “equal weight” rating in a report on Monday, January 7th.
Shares of NASDAQ:NICE opened at $107.62 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.23. Nice has a 52-week low of $84.49 and a 52-week high of $119.83. The firm has a market capitalization of $6.48 billion, a PE ratio of 46.59, a P/E/G ratio of 2.36 and a beta of 0.89.
A number of large investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC lifted its holdings in Nice by 1.0% during the 3rd quarter. Janus Henderson Group PLC now owns 5,084,193 shares of the technology company’s stock worth $581,988,000 after buying an additional 48,091 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Nice by 17.7% in the 3rd quarter. William Blair Investment Management LLC now owns 1,132,026 shares of the technology company’s stock worth $129,585,000 after purchasing an additional 170,578 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Nice by 55.6% in the 3rd quarter. Acadian Asset Management LLC now owns 486,897 shares of the technology company’s stock worth $55,738,000 after purchasing an additional 174,056 shares during the last quarter. Altshuler Shaham Ltd bought a new stake in shares of Nice in the 3rd quarter worth approximately $51,910,000. Finally, FMR LLC lifted its holdings in shares of Nice by 25.1% in the 3rd quarter. FMR LLC now owns 392,654 shares of the technology company’s stock worth $44,947,000 after purchasing an additional 78,885 shares during the last quarter. 44.99% of the stock is currently owned by institutional investors.
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.
Further Reading: Determine Your Level of Risk Tolerance
Receive News & Ratings for Nice Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nice and related companies with MarketBeat.com's FREE daily email newsletter.