Nice (NASDAQ:NICE) Rating Lowered to Hold at BidaskClub

Nice (NASDAQ:NICE) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Saturday, June 29th, BidAskClub reports.

Other analysts also recently issued research reports about the stock. Morgan Stanley reaffirmed an “overweight” rating and set a GBX 460 ($6.01) price target on shares of Sophos Group in a report on Friday, May 17th. JMP Securities raised their price objective on shares of Nice from $140.00 to $164.00 and gave the stock a “market outperform” rating in a report on Friday, May 17th. Oppenheimer set a $119.00 price objective on shares of American Express and gave the stock a “buy” rating in a report on Wednesday, April 17th. Barclays decreased their target price on shares of Waters from $218.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 24th. Finally, Jefferies Financial Group raised their target price on shares of Nice to $166.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $145.25.

NASDAQ NICE traded up $1.99 during trading on Friday, hitting $149.00. The company had a trading volume of 260,778 shares, compared to its average volume of 180,134. The firm has a market capitalization of $9.20 billion, a P/E ratio of 38.70, a price-to-earnings-growth ratio of 3.34 and a beta of 0.75. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.28. Nice has a one year low of $100.54 and a one year high of $150.18. The stock has a fifty day simple moving average of $140.82.

Nice (NASDAQ:NICE) last released its quarterly earnings data on Thursday, May 16th. The technology company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.27. The business had revenue of $377.00 million during the quarter, compared to analyst estimates of $375.18 million. Nice had a net margin of 11.63% and a return on equity of 10.83%. Nice’s revenue was up 12.4% compared to the same quarter last year. During the same period last year, the business earned $1.03 EPS. As a group, equities research analysts expect that Nice will post 4.39 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Financial Gravity Wealth Inc. purchased a new position in Nice during the first quarter worth $26,000. Sonora Investment Management LLC purchased a new position in Nice during the second quarter worth $34,000. Liberty Wealth Management LLC purchased a new position in Nice during the fourth quarter worth $27,000. Pinnacle Bank boosted its stake in Nice by 44.5% during the second quarter. Pinnacle Bank now owns 315 shares of the technology company’s stock worth $43,000 after buying an additional 97 shares during the period. Finally, Zions Bancorporation N.A. purchased a new position in Nice during the first quarter worth $53,000. Institutional investors own 45.92% of the company’s stock.

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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