Nice Ltd (NASDAQ:NICE)’s share price reached a new 52-week high and low during mid-day trading on Thursday . The company traded as low as $110.12 and last traded at $108.37, with a volume of 15025 shares. The stock had previously closed at $107.74.
A number of research firms have issued reports on NICE. BidaskClub downgraded shares of Nice from a “strong-buy” rating to a “buy” rating in a report on Friday, June 8th. Chardan Capital reaffirmed a “neutral” rating on shares of Nice in a report on Friday, June 1st. Jefferies Financial Group reiterated a “buy” rating and set a $119.00 target price on shares of Nice in a research note on Wednesday, May 16th. Barclays set a $100.00 target price on Nice and gave the stock a “hold” rating in a research note on Thursday, May 10th. Finally, Zacks Investment Research cut Nice from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 12th. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $101.38.
The company has a market capitalization of $6.50 billion, a P/E ratio of 47.15, a price-to-earnings-growth ratio of 3.79 and a beta of 0.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.38 and a quick ratio of 1.38.
Nice (NASDAQ:NICE) last released its earnings results on Thursday, May 10th. The technology company reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.16). The business had revenue of $340.93 million for the quarter, compared to the consensus estimate of $332.87 million. Nice had a return on equity of 8.71% and a net margin of 10.98%. equities analysts expect that Nice Ltd will post 2.51 EPS for the current year.
Institutional investors have recently made changes to their positions in the stock. Keybank National Association OH raised its stake in Nice by 17.3% in the 4th quarter. Keybank National Association OH now owns 19,701 shares of the technology company’s stock valued at $1,811,000 after acquiring an additional 2,900 shares during the period. Carillon Tower Advisers Inc. bought a new stake in Nice in the 4th quarter valued at about $7,721,000. Delek Group Ltd. bought a new stake in Nice in the 4th quarter valued at about $9,971,000. Advisor Group Inc. raised its stake in Nice by 44.4% in the 4th quarter. Advisor Group Inc. now owns 6,841 shares of the technology company’s stock valued at $629,000 after acquiring an additional 2,105 shares during the period. Finally, Oppenheimer & Co. Inc. bought a new stake in Nice in the 4th quarter valued at about $276,000. Institutional investors and hedge funds own 45.32% of the company’s stock.
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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