NICE Ltd. (NASDAQ:NICE) Receives Consensus Rating of "Moderate Buy" from Analysts

NICE Ltd. (NASDAQ:NICE - Get Free Report) has been given a consensus rating of "Moderate Buy" by the sixteen research firms that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $224.29.

NICE has been the subject of several analyst reports. StockNews.com downgraded NICE from a "strong-buy" rating to a "buy" rating in a report on Monday, February 17th. DA Davidson decreased their price objective on NICE from $200.00 to $180.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada restated an "outperform" rating and set a $200.00 price objective on shares of NICE in a report on Wednesday, March 19th. Barclays cut their target price on NICE from $286.00 to $226.00 and set an "overweight" rating on the stock in a research report on Friday, February 21st. Finally, Cantor Fitzgerald cut their target price on NICE from $176.00 to $161.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st.

NICE Stock Performance

NICE stock traded up $0.19 during midday trading on Tuesday, hitting $156.04. 131,716 shares of the company's stock were exchanged, compared to its average volume of 582,679. NICE has a 12-month low of $137.19 and a 12-month high of $229.33. The stock has a market cap of $9.87 billion, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 1.07 and a beta of 1.05. The firm's 50 day simple moving average is $150.32 and its 200 day simple moving average is $166.56.

NICE (NASDAQ:NICE - Get Free Report) last posted its earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share for the quarter, missing the consensus estimate of $2.96 by ($0.71). NICE had a net margin of 16.18% and a return on equity of 16.17%. The business had revenue of $721.60 million for the quarter, compared to analysts' expectations of $718.47 million. On average, equities research analysts forecast that NICE will post 9.85 EPS for the current fiscal year.

Hedge Funds Weigh In On NICE

Hedge funds have recently bought and sold shares of the company. Park Square Financial Group LLC acquired a new position in NICE in the fourth quarter worth about $25,000. Avion Wealth acquired a new position in NICE in the fourth quarter worth about $25,000. Tradewinds Capital Management LLC acquired a new position in NICE in the fourth quarter worth about $25,000. Anchor Investment Management LLC grew its stake in NICE by 200.0% in the fourth quarter. Anchor Investment Management LLC now owns 150 shares of the technology company's stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Finally, McIlrath & Eck LLC grew its stake in NICE by 56.9% in the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock worth $27,000 after purchasing an additional 58 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

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.