NICE Ltd. (NASDAQ:NICE) Given average recommendation of “Buy” from analysts

Shares of NICE Ltd. (NASDAQ:NICE – Get Your Free Report ) have earned an average rating of “Buy” from the fifteen research firms that are currently covering the firm, Marketbeat.com reports. Fifteen investment analysts have rated the stock with a buy rating. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $269.64.

A number of equities research analysts have recently issued reports on NICE shares. Barclays cut their price target on shares of NICE from $320.00 to $286.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Mizuho cut their price target on shares of NICE from $300.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, May 17th. StockNews.com lowered shares of NICE from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 14th. Northland Securities decreased their price target on NICE from $305.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, August 16th. Finally, Morgan Stanley decreased their price target on NICE from $290.00 to $240.00 and set an “overweight” rating for the company in a research note on Friday, June 14th.

Get the latest report on NICE

Institutional inputs and outputs

Several institutional investors and hedge funds have recently made changes to their positions in NICE. International Assets Investment Management LLC purchased a new position in shares of NICE in the fourth quarter valued at approximately $4,697,000. Vontobel Holding Ltd. boosted its stake in NICE by 4.3% in the fourth quarter. Vontobel Holding Ltd. now owns 1,887 shares of the technology company’s stock valued at $376,000 after purchasing an additional 78 shares during the period. Federated Hermes Inc. raised its stake in NICE by 17.1% in the fourth quarter. Federated Hermes Inc. now owns 16,539 shares of the technology company’s stock valued at $3,300,000 after purchasing an additional 2,416 shares during the period. Lindbrook Capital LLC boosted its holdings in NICE by 88.9% in the fourth quarter. Lindbrook Capital LLC now owns 136 shares of the technology company’s stock valued at $27,000 after acquiring an additional 64 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in NICE by 11.6% in the fourth quarter. Signaturefd LLC now owns 1,257 shares of the technology company’s stock valued at $251,000 after acquiring an additional 131 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company’s shares.

NICE trading up 0.2%

Shares of NICE stock opened at $179.02 on Thursday. The company has a fifty day simple moving average of $172.03 and a two hundred day simple moving average of $206.26. NICE has a 1 year low of $149.54 and a 1 year high of $270.73. The company has a market cap of $11.26 billion, a price-to-earnings ratio of 32.31, a P/E/G ratio of 1.44 and a beta of 1.04. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.43, and a quick ratio of 2.43.

NICE (NASDAQ:NICE – Get Free Report ) last announced its quarterly earnings results on Thursday, August 15th. The technology company reported $2.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.06. NICE had a return on equity of 14.05% and a net margin of 14.92%. The business had revenue of $664.40 million during the quarter, compared to the consensus estimate of $664.10 million. In the same quarter last year, the firm posted EPS of $1.63. The company’s quarterly revenue was up 14.3% year over year. research analysts forecast that NICE will post 8.4 EPS for the current year.

NICE Company Profile

(Get a free report

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-based digital business solutions worldwide. It offers CXone, an open cloud-native platform; Enlighten, an AI engine for the customer engagement marketplace; and intelligent self-service enables organizations to respond to consumer needs; and journey orchestration solutions that enable organizations to connect and route customers to meet customer demand and connect them using real-time AI-based routing.

Read more

Get news and reviews for NICE Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for NICE and related companies with MarketBeat.com’s FREE daily email newsletter.