Nice (NASDAQ:NICE - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at Rosenblatt Securities in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $190.00 price target on the technology company's stock. Rosenblatt Securities' price objective suggests a potential upside of 14.62% from the stock's previous close.
NICE has been the topic of a number of other research reports. Royal Bank Of Canada reiterated an "outperform" rating and set a $200.00 target price on shares of Nice in a report on Friday, May 16th. Barclays reduced their price target on Nice from $286.00 to $226.00 and set an "overweight" rating on the stock in a research report on Friday, February 21st. Wedbush reiterated an "outperform" rating and set a $200.00 price objective on shares of Nice in a research note on Friday, May 16th. JMP Securities restated a "market outperform" rating and set a $300.00 target price on shares of Nice in a research note on Friday, May 16th. Finally, DA Davidson boosted their price target on Nice from $180.00 to $185.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $208.92.
Read Our Latest Analysis on NICE
Nice Stock Performance
NICE stock opened at $165.76 on Wednesday. The company's 50 day moving average price is $161.60 and its 200 day moving average price is $163.47. The firm 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. Nice has a fifty-two week low of $137.19 and a fifty-two week high of $200.65.
Nice (NASDAQ:NICE - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The technology company reported $2.87 earnings per share for the quarter, beating analysts' consensus estimates 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 16.77% and a return on equity of 16.37%. The company's revenue was up 6.2% on a year-over-year basis. During the same period last year, the business earned $2.58 EPS. Equities analysts forecast that Nice will post 9.85 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp increased its stake in Nice by 1.4% during the 4th quarter. Van ECK Associates Corp now owns 22,073 shares of the technology company's stock valued at $3,749,000 after buying an additional 307 shares during the period. Rhumbline Advisers boosted its holdings in shares of Nice by 5.4% in the fourth quarter. Rhumbline Advisers now owns 3,740 shares of the technology company's stock valued at $635,000 after acquiring an additional 192 shares in the last quarter. Principal Securities Inc. increased its stake in shares of Nice by 20.4% during the fourth quarter. Principal Securities Inc. now owns 6,160 shares of the technology company's stock valued at $1,046,000 after acquiring an additional 1,043 shares during the period. Sanctuary Advisors LLC lifted its position in Nice by 329.9% in the fourth quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company's stock worth $948,000 after purchasing an additional 4,407 shares during the period. Finally, Truist Financial Corp boosted its stake in Nice by 15.2% during the 4th quarter. Truist Financial Corp now owns 4,335 shares of the technology company's stock valued at $736,000 after purchasing an additional 571 shares in the last quarter. Institutional investors own 63.34% of the company's stock.
Nice Company Profile
(
Get Free Report)
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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