Nice (NASDAQ:NICE)‘s stock had its “neutral” rating reissued by stock analysts at Chardan Capital in a report issued on Wednesday, February 21st, Marketbeat.com reports. They presently have a $99.00 price objective on the technology company’s stock, up from their previous price objective of $91.00. Chardan Capital’s price target points to a potential upside of 2.04% from the company’s previous close.
A number of other equities research analysts also recently commented on the company. Zacks Investment Research downgraded Nice from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Barclays reissued a “hold” rating and set a $93.00 price objective on shares of Nice in a research note on Sunday, February 18th. BidaskClub raised Nice from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Citigroup reissued an “outperform” rating and set a $100.00 price objective (up from $90.00) on shares of Nice in a research note on Wednesday, December 13th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. cut Nice from an “overweight” rating to a “neutral” rating in a research note on Friday, November 3rd. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $93.86.
NICE stock traded down $0.03 during trading hours on Wednesday, hitting $97.02. The company had a trading volume of 152,057 shares, compared to its average volume of 155,623. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $5,824.79, a P/E ratio of 35.03, a P/E/G ratio of 3.00 and a beta of 0.71. Nice has a 12 month low of $66.22 and a 12 month high of $98.48.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp grew its stake in shares of Nice by 12.6% during the second 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 during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Nice by 16.9% during the second quarter. Ameriprise Financial Inc. now owns 5,014 shares of the technology company’s stock valued at $395,000 after buying an additional 724 shares during the last quarter. American Capital Management Inc. grew its stake in shares of Nice by 0.6% during the third quarter. American Capital Management Inc. now owns 567,032 shares of the technology company’s stock valued at $46,105,000 after buying an additional 3,290 shares during the last quarter. Tygh Capital Management Inc. grew its stake in shares of Nice by 58.6% during the third quarter. Tygh Capital Management Inc. now owns 92,906 shares of the technology company’s stock valued at $7,554,000 after buying an additional 34,320 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Nice during the third quarter valued at approximately $3,742,000. 45.91% of the stock is currently owned by institutional investors.
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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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