Nice (NASDAQ:NICE)‘s stock had its “buy” rating reiterated by investment analysts at Rosenblatt Securities in a research report issued to clients and investors on Friday, Stock Target Advisor reports. They presently have a $187.00 target price on the technology company’s stock. Rosenblatt Securities’ price target suggests a potential upside of 19.36% from the company’s previous close.
A number of other brokerages have also weighed in on NICE. ValuEngine lowered Nice from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Oppenheimer set a $166.00 target price on Nice and gave the stock a “buy” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. boosted their target price on Nice from $150.00 to $166.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. JMP Securities boosted their target price on Nice from $164.00 to $185.00 and gave the stock a “market outperform” rating in a research report on Friday, August 9th. Finally, Jefferies Financial Group boosted their target price on Nice from $166.00 to $179.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $159.33.
Shares of Nice stock traded down $0.58 on Friday, hitting $156.67. The stock had a trading volume of 367,700 shares, compared to its average volume of 174,155. The stock’s 50-day simple moving average is $151.60 and its two-hundred day simple moving average is $146.42. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.27. The stock has a market cap of $9.71 billion, a price-to-earnings ratio of 40.69, a PEG ratio of 3.17 and a beta of 0.78. Nice has a one year low of $102.56 and a one year high of $161.01.
A number of large investors have recently modified their holdings of NICE. Nkcfo LLC bought a new stake in shares of Nice during the 2nd quarter valued at about $31,000. Pacer Advisors Inc. bought a new stake in shares of Nice during the 2nd quarter valued at about $32,000. Sonora Investment Management LLC bought a new stake in shares of Nice during the 2nd quarter valued at about $34,000. Pinnacle Bank grew its stake in shares of Nice by 44.5% during the 2nd quarter. Pinnacle Bank now owns 315 shares of the technology company’s stock valued at $43,000 after purchasing an additional 97 shares during the period. Finally, Advisors Preferred LLC bought a new stake in shares of Nice during the 2nd quarter valued at about $53,000. 47.84% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading: How to Invest in Growth Stocks
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.