Nice (NASDAQ:NICE - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.
A number of other analysts also recently issued reports on NICE. Rosenblatt Securities reaffirmed a "buy" rating and issued a $190.00 target price on shares of Nice in a research report on Wednesday, June 18th. Piper Sandler restated a "neutral" rating and issued a $182.00 price target (up from $153.00) on shares of Nice in a research note on Friday, June 13th. JMP Securities reiterated a "market outperform" rating and set a $300.00 price objective on shares of Nice in a research note on Wednesday, June 18th. Morgan Stanley cut their price objective on Nice from $235.00 to $202.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, 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 report on Monday, May 19th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, Nice presently has an average rating of "Moderate Buy" and a consensus price target of $209.75.
Read Our Latest Stock Analysis on NICE
Nice Stock Performance
Shares of Nice stock opened at $162.42 on Friday. The firm has a market cap of $10.27 billion, a PE ratio of 22.65, a P/E/G ratio of 1.47 and a beta of 1.00. The business's 50 day simple moving average is $165.25 and its 200 day simple moving average is $160.38. 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 results on Thursday, May 15th. The technology company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.03. Nice had a net margin of 16.77% and a return on equity of 16.37%. The company had revenue of $700.19 million during the quarter, compared to analysts' expectations of $699.46 million. During the same period last year, the business earned $2.58 EPS. The business's quarterly revenue was up 6.2% on a year-over-year basis. As a group, equities research analysts predict that Nice will post 9.85 EPS for the current year.
Institutional Trading of Nice
Several hedge funds and other institutional investors have recently modified their holdings of NICE. Charles Schwab Investment Management Inc. lifted its position in Nice by 28.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,168 shares of the technology company's stock worth $878,000 after acquiring an additional 1,145 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Nice by 14.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,098 shares of the technology company's stock worth $1,715,000 after purchasing an additional 1,270 shares during the period. Thrivent Financial for Lutherans acquired a new stake in Nice during the 4th quarter worth approximately $224,000. Quantbot Technologies LP bought a new stake in Nice in the 4th quarter valued at $117,000. Finally, LPL Financial LLC boosted its stake in Nice by 86.9% in the 4th quarter. LPL Financial LLC now owns 27,136 shares of the technology company's stock valued at $4,609,000 after purchasing an additional 12,616 shares during the period. Institutional investors own 63.34% of the company's stock.
About Nice
(
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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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