NICE (NASDAQ:NICE) Earns Buy Rating from Analysts at Rosenblatt Securities

Stock analysts at Rosenblatt Securities assumed coverage on shares of NICE (NASDAQ:NICE - Get Free Report) in a research report issued on Tuesday, MarketBeat Ratings reports. The brokerage set a "buy" rating and a $285.00 price target on the technology company's stock. Rosenblatt Securities' price objective points to a potential upside of 24.76% from the stock's current price.

Other analysts have also issued research reports about the stock. Royal Bank of Canada lifted their price target on shares of NICE from $238.00 to $285.00 and gave the company an "outperform" rating in a research report on Friday, February 23rd. JMP Securities reissued a "market outperform" rating and issued a $343.00 target price on shares of NICE in a research report on Friday, February 23rd. Barclays boosted their target price on NICE from $283.00 to $320.00 and gave the company an "overweight" rating in a research report on Friday, February 23rd. Wedbush boosted their target price on NICE from $230.00 to $270.00 and gave the company an "outperform" rating in a research report on Friday, February 23rd. Finally, Northland Securities began coverage on NICE in a research report on Tuesday, January 30th. They issued an "outperform" rating and a $300.00 target price on the stock. Thirteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $291.00.

NICE Price Performance

Shares of NICE stock traded up $4.01 on Tuesday, hitting $228.43. 274,230 shares of the company were exchanged, compared to its average volume of 355,809. The stock has a market capitalization of $14.36 billion, a price-to-earnings ratio of 44.88, a price-to-earnings-growth ratio of 2.02 and a beta of 1.02. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average price of $241.39 and a 200 day moving average price of $208.92. NICE has a 1-year low of $149.54 and a 1-year high of $270.73.

NICE (NASDAQ:NICE - Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The technology company reported $2.36 EPS for the quarter, beating the consensus estimate of $2.26 by $0.10. The firm had revenue of $623.20 million for the quarter, compared to analyst estimates of $616.83 million. NICE had a net margin of 14.23% and a return on equity of 13.29%. The business's revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.40 EPS. As a group, sell-side analysts predict that NICE will post 8.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NICE

A number of institutional investors and hedge funds have recently modified their holdings of the company. Global Retirement Partners LLC grew its stake in shares of NICE by 8.1% during the first quarter. Global Retirement Partners LLC now owns 590 shares of the technology company's stock worth $154,000 after purchasing an additional 44 shares in the last quarter. Spire Wealth Management boosted its stake in NICE by 7.5% in the fourth quarter. Spire Wealth Management now owns 728 shares of the technology company's stock valued at $154,000 after acquiring an additional 51 shares in the last quarter. Pacer Advisors Inc. boosted its stake in NICE by 11.1% in the fourth quarter. Pacer Advisors Inc. now owns 602 shares of the technology company's stock valued at $120,000 after acquiring an additional 60 shares in the last quarter. Lindbrook Capital LLC boosted its stake in NICE by 88.9% in the fourth quarter. Lindbrook Capital LLC now owns 136 shares of the technology company's stock valued at $27,000 after acquiring an additional 64 shares in the last quarter. Finally, Mendota Financial Group LLC boosted its stake in NICE by 9.0% in the fourth quarter. Mendota Financial Group LLC now owns 790 shares of the technology company's stock valued at $158,000 after acquiring an additional 65 shares in the last quarter. Institutional investors and hedge funds own 63.34% of the company's stock.

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.