Nice (NICE) Hits New 1-Year High at $118.45

Nice Ltd (NASDAQ:NICE) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $118.45 and last traded at $117.37, with a volume of 2850 shares. The stock had previously closed at $117.38.

A number of research firms recently issued reports on NICE. Zacks Investment Research raised Nice from a “sell” rating to a “hold” rating and set a $124.00 target price on the stock in a report on Wednesday, August 15th. JPMorgan Chase & Co. lifted their target price on Nice from $104.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, August 10th. Barclays reaffirmed a “hold” rating and set a $114.00 target price on shares of Nice in a report on Friday, August 10th. BidaskClub raised Nice from a “hold” rating to a “buy” rating in a report on Friday, July 27th. Finally, DA Davidson began coverage on Nice in a report on Friday, June 22nd. They set a “neutral” rating and a $110.00 target price on the stock. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $108.56.

The company has a market capitalization of $7.07 billion, a price-to-earnings ratio of 44.62, a PEG ratio of 4.46 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.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Vigilant Capital Management LLC purchased a new position in Nice in the 2nd quarter worth about $125,000. Ostrum Asset Management purchased a new position in Nice in the 1st quarter worth about $166,000. Valmark Advisers Inc. purchased a new position in Nice in the 2nd quarter worth about $208,000. Janney Montgomery Scott LLC purchased a new position in Nice in the 2nd quarter worth about $239,000. Finally, Tower Research Capital LLC TRC increased its stake 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 worth $244,000 after purchasing an additional 2,169 shares in the last quarter. 45.44% of the stock is currently owned by hedge funds and other institutional investors.

Nice Company Profile (NASDAQ: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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