Royal Bank Of Canada Reiterates "Outperform" Rating for Nice (NASDAQ:NICE)

Nice (NASDAQ:NICE - Get Free Report)'s stock had its "outperform" rating restated by Royal Bank Of Canada in a report issued on Wednesday,Benzinga reports. They presently have a $200.00 price target on the technology company's stock. Royal Bank Of Canada's price target suggests a potential upside of 20.15% from the stock's previous close.

Several other research analysts have also recently commented on NICE. Barclays reduced their price target on Nice from $286.00 to $226.00 and set an "overweight" rating for the company in a research report on Friday, February 21st. Citigroup cut their price objective on Nice from $214.00 to $211.00 and set a "buy" rating for the company in a report on Monday, May 19th. DA Davidson raised their target price on shares of Nice from $180.00 to $185.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Wedbush reaffirmed an "outperform" rating and set a $200.00 price target on shares of Nice in a research report on Friday, May 16th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $182.00 price target (up previously from $153.00) on shares of Nice in a research note on Friday, June 13th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $208.92.

Nice Stock Up 0.4%

Shares of NICE stock traded up $0.69 during trading on Wednesday, reaching $166.45. The company's stock had a trading volume of 243,099 shares, compared to its average volume of 527,796. Nice has a one year low of $137.19 and a one year high of $200.65. The business has a fifty day moving average price of $161.60 and a 200-day moving average price of $163.47. The company has a market cap of $10.53 billion, a price-to-earnings ratio of 23.20, a price-to-earnings-growth ratio of 1.52 and a beta of 1.01.

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, beating 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 firm had revenue of $700.19 million for the quarter, compared to analyst estimates of $699.46 million. During the same period in the previous year, the business earned $2.58 EPS. The company's revenue was up 6.2% compared to the same quarter last year. Research analysts anticipate that Nice will post 9.85 EPS for the current year.

Hedge Funds Weigh In On Nice

Several large investors have recently modified their holdings of the stock. Sanctuary Advisors LLC boosted its stake in Nice by 329.9% in the 4th quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company's stock valued at $948,000 after purchasing an additional 4,407 shares during the period. Heritage Family Offices LLP bought a new stake in shares of Nice in the first quarter valued at about $584,000. Ceera Investments LLC acquired a new position in shares of Nice in the fourth quarter valued at about $4,963,000. Haven Capital Group Inc. bought a new position in Nice during the fourth quarter worth about $5,577,000. Finally, New South Capital Management Inc. bought a new position in Nice during the fourth quarter worth about $54,980,000. 63.34% of the stock is owned by institutional investors.

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.

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