Piper Sandler Forecasts Strong Price Appreciation for NICE (NASDAQ:NICE) Stock

NICE (NASDAQ:NICE - Free Report) had its price objective boosted by Piper Sandler from $153.00 to $182.00 in a research note published on Friday morning,Benzinga reports. They currently have a neutral rating on the technology company's stock.

Other equities analysts have also recently issued research reports about the company. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 target price on shares of NICE in a report on Friday, May 16th. Wall Street Zen cut NICE from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 17th. Cantor Fitzgerald restated a "neutral" rating and issued a $161.00 price objective on shares of NICE in a report on Friday, May 16th. Citigroup lowered 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. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $300.00 target price on shares of NICE in a report on Friday, May 16th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $208.92.

NICE Stock Performance

NICE stock traded down $5.76 during trading on Friday, reaching $165.68. The company had a trading volume of 534,795 shares, compared to its average volume of 529,127. The firm has a market capitalization of $10.48 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 1.07 and a beta of 1.01. The firm's 50-day simple moving average is $160.84 and its 200 day simple moving average is $163.78. NICE has a 1-year low of $137.19 and a 1-year high of $200.65.

NICE (NASDAQ:NICE - Get Free Report) last announced its earnings results on Thursday, May 15th. The technology company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.03. The business had revenue of $700.19 million for the quarter, compared to analyst estimates of $699.46 million. NICE had a net margin of 16.18% and a return on equity of 16.17%. The company's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.58 earnings per share. Analysts anticipate that NICE will post 9.85 EPS for the current year.

Hedge Funds Weigh In On NICE

Institutional investors and hedge funds have recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of NICE in the 4th quarter valued at $313,808,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in NICE by 12.3% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,766,270 shares of the technology company's stock worth $272,306,000 after purchasing an additional 193,000 shares during the period. Boston Partners lifted its position in shares of NICE by 10.0% during the fourth quarter. Boston Partners now owns 1,670,327 shares of the technology company's stock worth $283,349,000 after purchasing an additional 151,528 shares in the last quarter. Menora Mivtachim Holdings LTD. grew its holdings in shares of NICE by 2.3% in the fourth quarter. Menora Mivtachim Holdings LTD. now owns 1,660,037 shares of the technology company's stock valued at $281,941,000 after purchasing an additional 36,865 shares in the last quarter. Finally, HMI Capital Management L.P. increased its stake in NICE by 12.8% during the 4th quarter. HMI Capital Management L.P. now owns 1,642,770 shares of the technology company's stock worth $279,008,000 after buying an additional 186,600 shares during the period. 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.