NICE Ltd. (NASDAQ:NICE) Receives $269.64 Consensus Price Target from Brokerages

Shares of NICE Ltd. (NASDAQ:NICE) have received an average rating of “Buy” from the fifteen analysts that are currently covering the firm, MarketBeat reports. Fifteen investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $269.64.

A number of research firms have weighed in on NICE. DA Davidson reissued a “buy” rating and issued a $300.00 target price on shares of NICE in a report on Wednesday, June 12th. Barclays reduced their target price on shares of NICE from $320.00 to $286.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Wedbush reiterated an “outperform” rating and set a $250.00 price target on shares of NICE in a research note on Friday, August 16th. StockNews.com lowered NICE from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 14th. Finally, Citigroup lifted their target price on NICE from $339.00 to $346.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th.

Institutional Trading of NICE

Several hedge funds have recently bought and sold shares of the stock. Richardson Financial Services Inc. bought a new stake in NICE in the first quarter worth $39,000. Allspring Global Investments Holdings LLC raised its position in shares of NICE by 135.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock valued at $32,000 after buying an additional 107 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in shares of NICE by 46.3% in the 1st quarter. Lindbrook Capital LLC now owns 199 shares of the technology company’s stock valued at $52,000 after acquiring an additional 63 shares during the last quarter. GAMMA Investing LLC grew its position in NICE by 72.1% in the first quarter. GAMMA Investing LLC now owns 210 shares of the technology company’s stock worth $55,000 after acquiring an additional 88 shares in the last quarter. Finally, UMB Bank n.a. grew its position in NICE by 72.4% in the first quarter. UMB Bank n.a. now owns 219 shares of the technology company’s stock worth $57,000 after acquiring an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Stock Down 0.6 %

NICE stock opened at $164.89 on Monday. The stock has a market capitalization of $10.37 billion, a P/E ratio of 29.76, a P/E/G ratio of 1.31 and a beta of 1.04. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.45 and a quick ratio of 2.45. NICE has a 1-year low of $149.54 and a 1-year high of $270.73. The business has a fifty day moving average price of $172.15 and a 200-day moving average price of $197.29.

NICE (NASDAQ:NICE) last posted its earnings results 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 net margin of 15.55% and a return on equity of 14.68%. The business had revenue of $664.40 million for the quarter, compared to analysts’ expectations of $664.10 million. During the same quarter in the prior year, the business earned $1.63 EPS. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. Equities analysts forecast that NICE will post 8.5 earnings per share for the current fiscal year.

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.