Nice (NASDAQ:NICE) Rating Increased to Overweight at JPMorgan Chase & Co.

Nice (NASDAQ:NICE) was upgraded by research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report released on Thursday, April 18th, Marketbeat reports. The brokerage presently has a $150.00 price target on the technology company’s stock, up from their prior price target of $125.00. JPMorgan Chase & Co.‘s price objective points to a potential upside of 11.77% from the stock’s current price.

A number of other research firms also recently weighed in on NICE. DA Davidson increased their target price on Nice from $110.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Oppenheimer raised their price objective on Nice from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Zacks Investment Research raised Nice from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. Jefferies Financial Group raised their price objective on Nice from $134.00 to $149.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Finally, BidaskClub upgraded Nice from a “hold” rating to a “buy” rating in a research report on Monday, April 1st. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $136.64.

NICE stock traded up $0.63 during midday trading on Thursday, hitting $134.21. The stock had a trading volume of 91,909 shares, compared to its average volume of 228,938. The stock has a market cap of $8.18 billion, a price-to-earnings ratio of 34.86, a PEG ratio of 3.02 and a beta of 0.86. Nice has a 52-week low of $98.64 and a 52-week high of $140.29. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.23.

Nice (NASDAQ:NICE) last released its earnings results on Thursday, February 14th. The technology company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. Nice had a return on equity of 9.15% and a net margin of 11.03%. The firm had revenue of $420.00 million for the quarter, compared to analysts’ expectations of $417.05 million. During the same period in the prior year, the firm posted $1.35 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Equities research analysts expect that Nice will post 4.35 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. William Blair Investment Management LLC lifted its stake in shares of Nice by 0.3% during the 1st quarter. William Blair Investment Management LLC now owns 1,106,946 shares of the technology company’s stock worth $135,611,000 after acquiring an additional 3,177 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Nice during the 1st quarter worth approximately $1,089,000. Rockefeller Capital Management L.P. bought a new stake in shares of Nice during the 1st quarter worth approximately $35,000. Zions Bancorporation N.A. bought a new stake in shares of Nice during the 1st quarter worth approximately $53,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Nice by 64.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the technology company’s stock worth $45,000 after acquiring an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 45.22% 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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Analyst Recommendations for Nice (NASDAQ:NICE)

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