Northland Securities Cuts NICE (NASDAQ:NICE) Price Target to $275.00

NICE (NASDAQ:NICE) had its price objective cut by Northland Securities from $305.00 to $275.00 in a research report released on Friday, Benzinga reports. They currently have an outperform rating on the technology company’s stock.

A number of other equities analysts also recently weighed in on NICE. William Blair reaffirmed an outperform rating on shares of NICE in a research report on Wednesday, June 12th. Bank of America lowered their price objective on NICE from $300.00 to $270.00 and set a buy rating on the stock in a research report on Friday, May 17th. Barclays cut their price target on NICE from $320.00 to $286.00 and set an overweight rating on the stock in a research note on Thursday, July 25th. StockNews.com downgraded NICE from a strong-buy rating to a buy rating in a research report on Friday, June 14th. Finally, Royal Bank of Canada lowered their price objective on NICE from $265.00 to $230.00 and set an outperform rating for the company in a research report on Wednesday, June 12th. Sixteen research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of Buy and an average price target of $269.64.

NICE Price Performance

Shares of NICE opened at $184.96 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.43 and a current ratio of 2.43. The stock has a 50 day simple moving average of $171.95 and a 200 day simple moving average of $206.51. NICE has a 52-week low of $149.54 and a 52-week high of $270.73. The firm has a market capitalization of $11.63 billion, a PE ratio of 33.39, a P/E/G ratio of 1.44 and a beta of 1.04.

NICE (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.06. NICE had a return on equity of 14.05% and a net margin of 14.92%. The business had revenue of $664.40 million during the quarter, compared to analyst estimates of $664.10 million. During the same period in the previous year, the firm earned $1.63 EPS. NICE’s quarterly revenue was up 14.3% compared to the same quarter last year. Sell-side analysts predict that NICE will post 8.4 EPS for the current fiscal year.

Institutional Investors Weigh In On NICE

A number of hedge funds have recently added to or reduced their stakes in the business. Capital Research Global Investors increased its holdings in NICE by 4.0% in the first quarter. Capital Research Global Investors now owns 5,181,366 shares of the technology company’s stock worth $1,350,367,000 after purchasing an additional 201,035 shares in the last quarter. Capital International Investors increased its holdings in NICE by 16.2% in the fourth quarter. Capital International Investors now owns 2,135,753 shares of the technology company’s stock worth $426,402,000 after purchasing an additional 298,112 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its holdings in NICE by 171.2% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,434,450 shares of the technology company’s stock worth $286,564,000 after purchasing an additional 905,612 shares in the last quarter. William Blair Investment Management LLC increased its holdings in shares of NICE by 12.3% during the first quarter. William Blair Investment Management LLC now owns 1,364,561 shares of the technology company’s stock valued at $355,631,000 after acquiring an additional 149,149 shares in the last quarter. Finally, Black Creek Investment Management Inc. increased its holdings in shares of NICE by 22.6% during the second quarter. Black Creek Investment Management Inc. now owns 1,356,775 shares of the technology company’s stock valued at $233,325,000 after acquiring an additional 250,334 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors.

NICE Company Profile

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.