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

Nice (NASDAQ:NICE - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the thirteen ratings firms that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $208.92.

A number of research firms have commented on NICE. Citigroup reduced their target price on Nice from $214.00 to $211.00 and set a "buy" rating for the company in a report on Monday, May 19th. Cantor Fitzgerald restated a "neutral" rating and set a $161.00 target price on shares of Nice in a research report on Friday, May 16th. Rosenblatt Securities lifted their price target on shares of Nice from $180.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Wedbush restated an "outperform" rating and issued a $200.00 price target on shares of Nice in a report on Friday, May 16th. Finally, Barclays reduced their price objective on Nice from $286.00 to $226.00 and set an "overweight" rating for the company in a report on Friday, February 21st.

Institutional Trading of Nice

Large investors have recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Nice in the 4th quarter worth approximately $313,808,000. Alliancebernstein L.P. lifted its position in Nice by 1,125.3% in the first quarter. Alliancebernstein L.P. now owns 768,737 shares of the technology company's stock worth $118,516,000 after purchasing an additional 705,997 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Nice during the first quarter worth $98,485,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Nice by 218.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 908,014 shares of the technology company's stock valued at $139,989,000 after buying an additional 623,014 shares during the period. Finally, FIL Ltd acquired a new position in shares of Nice in the 4th quarter valued at $70,465,000. 63.34% of the stock is owned by institutional investors.

Nice Trading Down 1.1%

Shares of NASDAQ:NICE opened at $165.76 on Wednesday. Nice has a 12 month low of $137.19 and a 12 month high of $200.65. The company has a market capitalization of $10.48 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 1.52 and a beta of 1.01. The firm's 50-day moving average is $161.60 and its 200 day moving average is $163.47.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.