Nice (NICE) Reaches New 1-Year High at $126.97

Nice Ltd (NASDAQ:NICE) hit a new 52-week high on Monday . The company traded as high as $126.97 and last traded at $126.12, with a volume of 51419 shares changing hands. The stock had previously closed at $125.67.

NICE has been the topic of several recent analyst reports. BidaskClub upgraded Nice from a “hold” rating to a “buy” rating in a report on Monday, April 1st. restated a “buy” rating and set a $125.00 price objective on shares of Nice in a report on Thursday, February 14th. Zacks Investment Research downgraded Nice from a “hold” rating to a “sell” rating in a report on Tuesday, February 19th. Wedbush boosted their price objective on Nice to $145.00 in a report on Friday, February 15th. Finally, ValuEngine downgraded Nice from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Nice has an average rating of “Hold” and a consensus target price of $122.22.

The company has a quick ratio of 1.34, a current ratio of 1.38 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $7.70 billion, a PE ratio of 32.88, a PEG ratio of 2.84 and a beta of 0.82.

Nice (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, February 14th. The technology company reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.04. The firm had revenue of $420.00 million for the quarter, compared to the consensus estimate of $417.05 million. Nice had a return on equity of 9.15% and a net margin of 11.03%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.35 EPS. As a group, equities research analysts forecast that Nice Ltd will post 4.35 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Investec Asset Management LTD increased its holdings in shares of Nice by 5.3% in the 4th quarter. Investec Asset Management LTD now owns 858,126 shares of the technology company’s stock valued at $92,858,000 after purchasing an additional 43,302 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Nice by 45.2% in the 4th quarter. Principal Financial Group Inc. now owns 802,621 shares of the technology company’s stock valued at $86,852,000 after purchasing an additional 249,722 shares during the period. FMR LLC increased its holdings in shares of Nice by 63.8% in the 4th quarter. FMR LLC now owns 643,304 shares of the technology company’s stock valued at $69,612,000 after purchasing an additional 250,650 shares during the period. Westfield Capital Management Co. LP increased its holdings in shares of Nice by 3.2% in the 4th quarter. Westfield Capital Management Co. LP now owns 602,878 shares of the technology company’s stock valued at $65,237,000 after purchasing an additional 18,860 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in shares of Nice by 1.3% in the 4th quarter. Acadian Asset Management LLC now owns 493,345 shares of the technology company’s stock valued at $53,384,000 after purchasing an additional 6,448 shares during the period. Institutional investors own 45.18% of the company’s stock.

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About Nice (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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