Wedbush started coverage on shares of Nice (NASDAQ:NICE) in a research note released on Thursday morning, MarketBeat Ratings reports. The firm issued an outperform rating and a $130.00 target price on the technology company’s stock.

A number of other research firms also recently issued reports on NICE. BidaskClub upgraded shares of Nice from a hold rating to a buy rating in a research report on Friday, July 27th. Jefferies Financial Group boosted their target price on shares of Nice to $132.00 and gave the company a buy rating in a research report on Thursday, September 20th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Nice from a buy rating to a hold rating in a research report on Thursday, October 11th. Barclays reiterated a hold rating and set a $114.00 target price on shares of Nice in a research report on Friday, August 10th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Nice from $104.00 to $110.00 and gave the company a neutral rating in a research report on Friday, August 10th. Seven analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $112.00.

Shares of NASDAQ NICE traded up $1.83 during midday trading on Thursday, reaching $107.21. The stock had a trading volume of 215,319 shares, compared to its average volume of 175,409. The company has a market capitalization of $6.53 billion, a P/E ratio of 46.41, a price-to-earnings-growth ratio of 4.12 and a beta of 0.74. Nice has a twelve month low of $80.40 and a twelve month high of $119.83. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.48 and a current ratio of 1.48.

Nice (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, August 9th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.03). The firm had revenue of $345.41 million during the quarter, compared to analyst estimates of $342.49 million. Nice had a return on equity of 9.15% and a net margin of 11.73%. Analysts forecast that Nice will post 2.56 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted its position in shares of Nice by 4.0% during the 2nd quarter. Janus Henderson Group PLC now owns 5,036,102 shares of the technology company’s stock valued at $522,596,000 after acquiring an additional 195,424 shares during the period. Investec Asset Management LTD raised its holdings in Nice by 27.5% during the second quarter. Investec Asset Management LTD now owns 628,616 shares of the technology company’s stock worth $65,231,000 after buying an additional 135,530 shares during the last quarter. American Capital Management Inc. raised its holdings in Nice by 0.8% during the second quarter. American Capital Management Inc. now owns 577,272 shares of the technology company’s stock worth $59,904,000 after buying an additional 4,435 shares during the last quarter. Bank of America Corp DE raised its holdings in Nice by 2.0% during the second quarter. Bank of America Corp DE now owns 336,890 shares of the technology company’s stock worth $34,960,000 after buying an additional 6,627 shares during the last quarter. Finally, FMR LLC acquired a new position in Nice during the second quarter worth $32,560,000. Institutional investors own 45.41% of the company’s stock.

About Nice

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.

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Analyst Recommendations for Nice (NASDAQ:NICE)

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