Nice (NASDAQ:NICE) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Nice (NASDAQ:NICE) has received a consensus rating of "Moderate Buy" from 13 analysts, with 8 recommending a buy and 5 suggesting a hold.
• The company reported earnings of $2.87 EPS, beating expectations, and a 6.2% increase in revenue year-over-year, totaling $700.19 million.
• Shares of Nice are currently priced at $153.92, with a 12-month high of $200.65 and the stock has a market capitalization of $9.74 billion.

Shares of Nice (NASDAQ:NICE - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the thirteen brokerages that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $209.75.

NICE has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $200.00 price objective on shares of Nice in a report on Wednesday, June 18th. Morgan Stanley decreased their price target on Nice from $235.00 to $202.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. DA Davidson upgraded Nice to a "hold" rating in a research report on Tuesday, July 29th. Wedbush reiterated an "outperform" rating and set a $200.00 price objective on shares of Nice in a research note on Friday, June 20th. Finally, Citigroup reduced their target price on shares of Nice from $214.00 to $211.00 and set a "buy" rating on the stock in a research note on Monday, May 19th.

Nice Stock Up 0.6%

Shares of NICE stock opened at $153.92 on Thursday. Nice has a 12 month low of $137.19 and a 12 month high of $200.65. The firm has a market cap of $9.74 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 1.39 and a beta of 0.98. The stock has a 50 day moving average of $164.47 and a 200-day moving average of $160.00.

Nice (NASDAQ:NICE - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The technology company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.84 by $0.03. The firm had revenue of $700.19 million during the quarter, compared to analysts' expectations of $699.46 million. Nice had a return on equity of 16.37% and a net margin of 16.77%. The company's revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.58 EPS. As a group, equities analysts predict that Nice will post 9.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Nice

Hedge funds have recently added to or reduced their stakes in the stock. Anchor Investment Management LLC lifted its position in shares of Nice by 200.0% during 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. Park Square Financial Group LLC acquired a new stake in shares of Nice in the fourth quarter valued at approximately $25,000. McIlrath & Eck LLC raised its position 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 purchasing an additional 58 shares during the last quarter. Richardson Financial Services Inc. lifted its holdings in Nice by 99.0% during the 2nd quarter. Richardson Financial Services Inc. now owns 199 shares of the technology company's stock worth $33,000 after buying an additional 99 shares in the last quarter. Finally, NBC Securities Inc. bought a new position in Nice in the 1st quarter valued at $34,000. Institutional investors 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.

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