Zacks Investment Research upgraded shares of Nice (NASDAQ:NICE) from a sell rating to a hold rating in a research report released on Wednesday. The brokerage currently has $124.00 price target on the technology company’s stock.

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. “

Other analysts have also recently issued research reports about the stock. BidaskClub cut shares of Nice from a strong-buy rating to a buy rating in a research note on Saturday, June 23rd. Jefferies Financial Group reaffirmed a buy rating and set a $119.00 price objective on shares of Nice in a research note on Wednesday, May 16th. Morgan Stanley started coverage on shares of Nice in a research note on Tuesday, May 8th. They set an equal weight rating and a $101.00 price objective for the company. Barclays set a $100.00 price objective on shares of Nice and gave the company a hold rating in a research note on Thursday, May 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Nice from $104.00 to $110.00 and gave the company a neutral rating in a research note on Friday, August 10th. Seven analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Nice currently has a consensus rating of Buy and an average price target of $105.70.

Shares of NASDAQ NICE opened at $110.39 on Wednesday. Nice has a 12-month low of $73.65 and a 12-month high of $116.05. The stock has a market cap of $6.74 billion, a P/E ratio of 47.79, a price-to-earnings-growth ratio of 4.34 and a beta of 0.76. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.48 and a quick ratio of 1.48.

Large investors have recently bought and sold shares of the business. Vigilant Capital Management LLC acquired a new position in Nice in the 2nd quarter valued at about $125,000. Ostrum Asset Management acquired a new position in Nice in the 1st quarter valued at about $166,000. Valmark Advisers Inc. acquired a new position in Nice in the 2nd quarter valued at about $208,000. Janney Montgomery Scott LLC acquired a new position in Nice in the 2nd quarter valued at about $239,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Nice by 1,211.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,348 shares of the technology company’s stock valued at $244,000 after purchasing an additional 2,169 shares during the last quarter. Institutional investors own 44.93% 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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