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

NICE Ltd. (NASDAQ:NICE - Get Free Report) has been given a consensus rating of "Moderate Buy" by the fourteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $211.50.

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price objective on shares of NICE in a research report on Friday, May 16th. Rosenblatt Securities raised their price target on NICE from $180.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Citigroup lowered their price target on NICE from $214.00 to $211.00 and set a "buy" rating on the stock in a research report on Monday, May 19th. Wedbush reissued an "outperform" rating and issued a $200.00 target price on shares of NICE in a research note on Friday, May 16th. Finally, Morgan Stanley cut their target price on NICE from $235.00 to $202.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th.

NICE Price Performance

Shares of NASDAQ:NICE traded up $3.65 during trading on Friday, hitting $166.53. 216,366 shares of the company were exchanged, compared to its average volume of 562,925. The company has a market cap of $10.53 billion, a PE ratio of 24.58, a P/E/G ratio of 1.07 and a beta of 1.03. The stock has a 50 day moving average of $156.10 and a 200 day moving average of $164.49. NICE has a 52-week low of $137.19 and a 52-week high of $200.65.

NICE (NASDAQ:NICE - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The technology company reported $2.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.84 by $0.03. NICE had a return on equity of 16.17% and a net margin of 16.18%. The company had revenue of $700.19 million for the quarter, compared to the consensus estimate of $699.46 million. During the same quarter last year, the business posted $2.58 earnings per share. The firm's revenue was up 6.2% compared to the same quarter last year. Sell-side analysts forecast that NICE will post 9.85 EPS for the current fiscal year.

Institutional Investors Weigh In On NICE

Hedge funds have recently modified their holdings of the business. Park Square Financial Group LLC bought a new stake in shares of NICE during the 4th quarter valued at $25,000. Avion Wealth bought a new position in NICE in the 4th quarter worth $25,000. Tradewinds Capital Management LLC bought a new position in NICE in the 4th quarter worth $25,000. Anchor Investment Management LLC boosted its holdings in NICE by 200.0% in the 4th quarter. Anchor Investment Management LLC now owns 150 shares of the technology company's stock worth $25,000 after buying an additional 100 shares during the period. Finally, McIlrath & Eck LLC boosted its holdings in NICE by 56.9% in the 4th quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock worth $27,000 after buying an additional 58 shares during the period. Institutional investors own 63.34% of the company's stock.

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.