Zacks Investment Research downgraded shares of Nice (NASDAQ:NICE) from a buy rating to a hold rating in a research report sent to investors on Tuesday, Zacks.com reports.

According to Zacks, “NICE Ltd. provides enterprise software solutions. Its operating segment consists of Customer Interactions Solutions, Financial Crime and Compliance Solutions. The Company’s solutions include integrated, multimedia recording platforms, software applications and related professional services. NICE Ltd., formerly known as NICE-Systems Ltd., is headquartered in Ra’anana, Israel. “

A number of other equities research analysts also recently issued reports on NICE. BidaskClub upgraded shares of Nice from a buy rating to a strong-buy rating in a report on Friday, August 2nd. JMP Securities boosted their target price on shares of Nice from $164.00 to $185.00 and gave the company a market outperform rating in a report on Friday, August 9th. Citigroup boosted their target price on shares of Nice from $117.00 to $137.00 and gave the company a neutral rating in a report on Friday, May 17th. Jefferies Financial Group boosted their target price on shares of Nice from $166.00 to $179.00 and gave the company a buy rating in a report on Friday, August 9th. Finally, Morgan Stanley set a $140.00 target price on shares of Nice and gave the company a hold rating in a report on Friday, August 9th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and an average price target of $151.50.

Nice stock opened at $153.64 on Tuesday. Nice has a 1 year low of $100.54 and a 1 year high of $155.76. The firm has a 50 day moving average price of $150.68 and a 200 day moving average price of $134.87. The company has a market cap of $9.35 billion, a price-to-earnings ratio of 39.91, a PEG ratio of 3.05 and a beta of 0.74. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.28 and a current ratio of 1.28.

Nice (NASDAQ:NICE) last released its earnings results on Thursday, August 8th. The technology company reported $1.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.02. Nice had a net margin of 11.85% and a return on equity of 12.09%. The firm had revenue of $381.40 million during the quarter, compared to the consensus estimate of $378.80 million. During the same period in the previous year, the firm earned $1.06 earnings per share. Nice’s revenue was up 11.0% compared to the same quarter last year. Sell-side analysts predict that Nice will post 4.42 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nkcfo LLC purchased a new stake in Nice during the second quarter worth approximately $31,000. Pacer Advisors Inc. purchased a new stake in Nice during the second quarter worth approximately $32,000. Sonora Investment Management LLC purchased a new stake in Nice during the second quarter worth approximately $34,000. Pinnacle Bank grew 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 stake in Nice during the first quarter worth approximately $53,000. Institutional investors own 48.23% 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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