NICE Ltd. (NASDAQ:NICE) Given Average Recommendation of “Buy” by Brokerages

NICE Ltd. (NASDAQ:NICEGet Free Report) has received a consensus recommendation of “Buy” from the fourteen brokerages that are covering the firm, MarketBeat.com reports. Fourteen equities research analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have issued a report on the stock in the last year is $276.62.

A number of equities analysts recently issued reports on NICE shares. Jefferies Financial Group dropped their target price on shares of NICE from $280.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. Morgan Stanley lowered their price target on shares of NICE from $290.00 to $240.00 and set an “overweight” rating on the stock in a report on Friday, June 14th. Mizuho lowered their price target on shares of NICE from $300.00 to $280.00 and set a “buy” rating on the stock in a report on Friday, May 17th. Northland Securities reissued an “outperform” rating and issued a $305.00 price target on shares of NICE in a report on Thursday, June 13th. Finally, Rosenblatt Securities lowered their price target on shares of NICE from $285.00 to $225.00 and set a “buy” rating on the stock in a report on Wednesday, June 12th.

Get Our Latest Report on NICE

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Psagot Value Holdings Ltd. Israel lifted its position in NICE by 5,255.0% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 6,426 shares of the technology company’s stock worth $1,282,000 after buying an additional 6,306 shares in the last quarter. Eagle Asset Management Inc. lifted its position in NICE by 34.9% during the 4th quarter. Eagle Asset Management Inc. now owns 35,717 shares of the technology company’s stock worth $7,126,000 after buying an additional 9,241 shares in the last quarter. Corient Private Wealth LLC lifted its position in NICE by 93.3% during the 4th quarter. Corient Private Wealth LLC now owns 5,317 shares of the technology company’s stock worth $1,061,000 after buying an additional 2,566 shares in the last quarter. Kodai Capital Management LP acquired a new position in NICE during the 4th quarter worth about $4,407,000. Finally, Apollon Wealth Management LLC acquired a new position in NICE during the 4th quarter valued at about $807,000. Institutional investors and hedge funds own 63.34% of the company’s stock.

NICE Price Performance

Shares of NICE stock opened at $172.72 on Wednesday. The firm has a fifty day simple moving average of $186.55 and a 200-day simple moving average of $213.05. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.13. NICE has a 1-year low of $149.54 and a 1-year high of $270.73. The stock has a market capitalization of $10.86 billion, a price-to-earnings ratio of 31.18, a PEG ratio of 1.41 and a beta of 1.04.

NICE (NASDAQ:NICEGet Free Report) last issued its quarterly earnings data on Thursday, May 16th. The technology company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.13. NICE had a net margin of 14.92% and a return on equity of 14.05%. The business had revenue of $659.31 million during the quarter, compared to analysts’ expectations of $654.81 million. On average, sell-side analysts expect that NICE will post 8.4 earnings per share for the current year.

About NICE

(Get Free Report

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform; Enlighten, an AI engine for the customer engagement market; and smart self service enable organizations to address consumers' needs; and journey orchestration solutions that empower organizations to connect and route customers to deal with the customer's request, and connects them using real time AI-based routing.

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Analyst Recommendations for NICE (NASDAQ:NICE)

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