Nice (NASDAQ:NICE) had its price objective increased by Jefferies Financial Group from $166.00 to $179.00 in a research note issued on Friday, August 9th, The Fly reports. The brokerage presently has a “buy” rating on the technology company’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 18.20% from the company’s current price.
NICE has been the subject of a number of other reports. Barclays upped their price objective on shares of Nice from $124.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 24th. Oppenheimer upped their price objective on shares of Nice from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Citigroup upped their price objective on shares of Nice from $117.00 to $137.00 and gave the stock a “neutral” rating in a research note on Friday, May 17th. Morgan Stanley increased their price target on shares of Nice from $117.00 to $128.00 and gave the company an “equal weight” rating in a research report on Friday, May 17th. Finally, Zacks Investment Research lowered shares of Nice from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Five equities research 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 stock. Nice has an average rating of “Buy” and a consensus price target of $151.42.
NICE stock opened at $151.44 on Friday. The firm’s fifty day simple moving average is $147.57 and its two-hundred day simple moving average is $132.43. The company has a quick ratio of 1.31, a current ratio of 1.28 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $9.39 billion, a price-to-earnings ratio of 39.34, a price-to-earnings-growth ratio of 3.06 and a beta of 0.74. Nice has a twelve month low of $100.54 and a twelve month high of $155.76.
Nice (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported $1.02 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.02. The firm had revenue of $381.40 million for the quarter, compared to analysts’ expectations of $378.80 million. Nice had a net margin of 11.85% and a return on equity of 12.09%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.06 earnings per share. As a group, equities research analysts expect that Nice will post 4.42 EPS for the current year.
A number of large investors have recently modified their holdings of NICE. Financial Gravity Wealth Inc. acquired a new position in Nice in the 1st quarter worth approximately $26,000. Nkcfo LLC acquired a new stake in shares of Nice during the 2nd quarter worth approximately $31,000. Pacer Advisors Inc. acquired a new stake in shares of Nice during the 2nd quarter worth approximately $32,000. Sonora Investment Management LLC acquired a new stake in shares of Nice during the 2nd quarter worth approximately $34,000. Finally, Pinnacle Bank grew its stake in shares of Nice by 44.5% during the 2nd quarter. Pinnacle Bank now owns 315 shares of the technology company’s stock worth $43,000 after purchasing an additional 97 shares during the period. Institutional investors own 45.11% 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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