Nice (NASDAQ:NICE - Get Free Report)'s stock had its "neutral" rating reiterated by equities researchers at Cantor Fitzgerald in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $161.00 price objective on the technology company's stock. Cantor Fitzgerald's price objective points to a potential downside of 5.88% from the company's current price.
A number of other equities research analysts have also recently issued reports on NICE. Morgan Stanley cut their target price on Nice from $235.00 to $202.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Piper Sandler reiterated a "neutral" rating and issued a $182.00 price objective (up from $153.00) on shares of Nice in a research report on Friday, June 13th. Wedbush reissued an "outperform" rating and set a $200.00 target price on shares of Nice in a research note on Friday, May 16th. Barclays dropped their price target on shares of Nice from $286.00 to $226.00 and set an "overweight" rating on the stock in a research note on Friday, February 21st. Finally, Citigroup cut their price target on Nice from $214.00 to $211.00 and set a "buy" rating on the stock in a report on Monday, May 19th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $208.92.
Check Out Our Latest Report on NICE
Nice Price Performance
Nice stock traded up $5.31 during midday trading on Wednesday, hitting $171.07. 88,135 shares of the stock were exchanged, compared to its average volume of 543,280. Nice has a 1 year low of $137.19 and a 1 year high of $200.65. The firm has a market cap of $10.82 billion, a P/E ratio of 23.88, a P/E/G ratio of 1.52 and a beta of 1.01. The company has a 50 day moving average price of $161.60 and a two-hundred day moving average price of $163.47.
Nice (NASDAQ:NICE - Get Free Report) last posted its quarterly 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 firm 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 firm's quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.58 earnings per share. As a group, analysts predict that Nice will post 9.85 EPS for the current year.
Institutional Investors Weigh In On Nice
Several large investors have recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Nice during the fourth quarter worth $313,808,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Nice by 12.3% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,766,270 shares of the technology company's stock worth $272,306,000 after acquiring an additional 193,000 shares in the last quarter. Boston Partners boosted its stake in shares of Nice by 10.0% during the 4th quarter. Boston Partners now owns 1,670,327 shares of the technology company's stock worth $283,349,000 after acquiring an additional 151,528 shares in the last quarter. Menora Mivtachim Holdings LTD. increased its holdings in shares of Nice by 2.3% during 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 last quarter. Finally, HMI Capital Management L.P. raised its stake 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 in the last quarter. 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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