Nice (NASDAQ:NICE - Get Free Report) had its target price cut by analysts at DA Davidson from $195.00 to $150.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the technology company's stock. DA Davidson's target price points to a potential upside of 17.32% from the stock's previous close.
Other equities research analysts also recently issued research reports about the company. JMP Securities restated a "market outperform" rating and set a $300.00 target price on shares of Nice in a research report on Tuesday, July 29th. Morgan Stanley dropped their price target on Nice from $235.00 to $202.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Citigroup dropped their price objective on shares of Nice from $214.00 to $211.00 and set a "buy" rating on the stock in a report on Monday, May 19th. Cantor Fitzgerald restated a "neutral" rating and set a $161.00 price objective on shares of Nice in a report on Wednesday, June 18th. Finally, Rosenblatt Securities restated a "buy" rating and set a $190.00 price objective on shares of Nice in a report on Wednesday, June 18th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $206.00.
Check Out Our Latest Report on Nice
Nice Price Performance
Shares of NICE stock traded down $20.14 during trading on Thursday, reaching $127.85. The company had a trading volume of 2,752,980 shares, compared to its average volume of 552,035. The firm's 50 day simple moving average is $162.22 and its two-hundred day simple moving average is $159.42. Nice has a one year low of $127.00 and a one year high of $200.65. The company has a market capitalization of $8.09 billion, a PE ratio of 17.83, a PEG ratio of 1.29 and a beta of 0.98.
Nice (NASDAQ:NICE - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The technology company reported $3.01 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.02. Nice had a return on equity of 16.37% and a net margin of 16.77%. The business had revenue of $726.71 million during the quarter, compared to analysts' expectations of $713.18 million. During the same quarter in the previous year, the firm earned $2.64 EPS. The firm's revenue was up 9.4% compared to the same quarter last year. Analysts forecast that Nice will post 9.85 earnings per share for the current year.
Hedge Funds Weigh In On Nice
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Quantinno Capital Management LP grew its holdings in Nice by 4.0% during the second quarter. Quantinno Capital Management LP now owns 21,916 shares of the technology company's stock worth $3,702,000 after buying an additional 851 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Nice by 6.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,225 shares of the technology company's stock valued at $11,013,000 after acquiring an additional 3,792 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Nice by 6.6% during the second quarter. Alliancebernstein L.P. now owns 819,140 shares of the technology company's stock valued at $138,361,000 after acquiring an additional 50,403 shares during the last quarter. Blue Door Asset Management LLC purchased a new stake in shares of Nice during the second quarter valued at approximately $5,338,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Nice during the second quarter valued at approximately $1,881,000. Institutional investors and hedge funds own 63.34% of the company's stock.
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.
Further Reading
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