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

NICE Ltd. (NASDAQ:NICE) has earned a consensus recommendation of “Buy” from the fifteen analysts that are covering the firm, MarketBeat Ratings reports. Fifteen analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have covered the stock in the last year is $269.64.

NICE has been the topic of a number of analyst reports. Barclays dropped 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. Royal Bank of Canada boosted their price target on shares of NICE from $230.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Morgan Stanley decreased their price objective on shares of NICE from $290.00 to $240.00 and set an “overweight” rating for the company in a research note on Friday, June 14th. StockNews.com downgraded shares of NICE from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 14th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $300.00 target price on shares of NICE in a research report on Friday, August 16th.

Institutional Investors Weigh In On NICE

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

NICE Stock Down 0.6 %

NASDAQ NICE opened at $164.89 on Monday. NICE has a 12 month low of $149.54 and a 12 month high of $270.73. The company has a market capitalization of $10.37 billion, a P/E ratio of 29.76, a PEG ratio of 1.31 and a beta of 1.04. The company’s 50 day simple moving average is $171.96 and its 200 day simple moving average is $196.15. 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 (NASDAQ:NICE) last posted its quarterly 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. The company had revenue of $664.40 million for the quarter, compared to analysts’ expectations of $664.10 million. NICE had a return on equity of 14.68% and a net margin of 15.55%. The firm’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.63 earnings per share. Equities research analysts expect 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.