NICE Ltd. (NASDAQ:NICE) Given Average Recommendation of "Moderate Buy" by Brokerages

NICE Ltd. (NASDAQ:NICE - Get Free Report) has been assigned an average rating of "Moderate Buy" from the sixteen analysts that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $224.29.

NICE has been the topic of several research analyst reports. Citigroup cut their price objective on NICE from $279.00 to $228.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. DA Davidson lowered their price objective on shares of NICE from $200.00 to $180.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. StockNews.com downgraded shares of NICE from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 17th. Rosenblatt Securities decreased their price objective on NICE from $200.00 to $180.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Cantor Fitzgerald dropped their price objective on shares of NICE from $176.00 to $161.00 and set a "neutral" rating on the stock in a report on Friday, February 21st.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC grew its position in NICE by 329.9% during the fourth quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company's stock worth $948,000 after buying an additional 4,407 shares in the last quarter. Clear Creek Financial Management LLC boosted its position in shares of NICE by 106.5% during the 4th quarter. Clear Creek Financial Management LLC now owns 4,303 shares of the technology company's stock valued at $731,000 after acquiring an additional 2,219 shares during the last quarter. Kopion Asset Management LLC purchased a new position in shares of NICE during the fourth quarter worth about $7,433,000. Ceera Investments LLC bought a new position in shares of NICE in the fourth quarter worth approximately $4,963,000. Finally, CCLA Investment Management raised its stake in NICE by 14.1% in the fourth quarter. CCLA Investment Management now owns 704,494 shares of the technology company's stock valued at $119,517,000 after purchasing an additional 87,003 shares in the last quarter. Institutional investors own 63.34% of the company's stock.

NICE Trading Up 0.9 %

Shares of NASDAQ:NICE traded up $1.35 during mid-day trading on Tuesday, hitting $157.39. 154,952 shares of the company traded hands, compared to its average volume of 581,997. The stock has a 50-day moving average price of $150.34 and a two-hundred day moving average price of $166.22. NICE has a 12-month low of $137.19 and a 12-month high of $229.33. The stock has a market cap of $9.95 billion, a P/E ratio of 23.28, a P/E/G ratio of 1.07 and a beta of 1.05.

NICE (NASDAQ:NICE - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.96 by ($0.71). NICE had a return on equity of 16.17% and a net margin of 16.18%. The firm had revenue of $721.60 million for the quarter, compared to analysts' expectations of $718.47 million. As a group, analysts expect that NICE will post 9.85 earnings per share for the current year.

About NICE

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.