Nice (NASDAQ:NICE) Receives $209.75 Average Target Price from Analysts

Shares of Nice (NASDAQ:NICE - Get Free Report) have been given a consensus rating of "Moderate Buy" by the thirteen analysts that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $209.75.

NICE has been the topic of several analyst reports. Wedbush reaffirmed an "outperform" rating and issued a $200.00 target price on shares of Nice in a report on Friday, June 20th. DA Davidson raised their target price on shares of Nice from $185.00 to $195.00 and gave the company a "buy" rating in a report on Friday, June 20th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $190.00 target price on shares of Nice in a report on Wednesday, June 18th. Morgan Stanley reduced their target price on shares of Nice from $235.00 to $202.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $161.00 price target on shares of Nice in a research note on Wednesday, June 18th.

Nice Stock Performance

Shares of NICE traded down $8.17 during mid-day trading on Friday, hitting $154.84. 485,157 shares of the company's stock were exchanged, compared to its average volume of 515,328. The company has a market cap of $9.79 billion, a price-to-earnings ratio of 21.60, a P/E/G ratio of 1.41 and a beta of 1.00. Nice has a fifty-two week low of $137.19 and a fifty-two week high of $200.65. The stock's 50-day moving average is $166.54 and its 200-day moving average is $161.29.

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

Hedge Funds Weigh In On Nice

A number of institutional investors have recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Nice in the 4th quarter valued at $313,808,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Nice by 12.3% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,766,270 shares of the technology company's stock valued at $272,306,000 after acquiring an additional 193,000 shares during the period. Boston Partners increased its holdings in shares of Nice by 10.0% in the 4th quarter. Boston Partners now owns 1,670,327 shares of the technology company's stock valued at $283,349,000 after acquiring an additional 151,528 shares during the period. Menora Mivtachim Holdings LTD. increased its holdings in shares of Nice by 2.3% in the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,660,037 shares of the technology company's stock valued at $281,941,000 after acquiring an additional 36,865 shares during the period. Finally, HMI Capital Management L.P. increased its holdings in shares of Nice by 12.8% in the 4th quarter. HMI Capital Management L.P. now owns 1,642,770 shares of the technology company's stock valued at $279,008,000 after acquiring an additional 186,600 shares during the period. 63.34% of the stock is 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.