NICE (NASDAQ:NICE) Raised to “Strong-Buy” at StockNews.com

NICE (NASDAQ:NICEGet Rating) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday.

A number of other brokerages also recently issued reports on NICE. Jefferies Financial Group lowered their price target on NICE from $260.00 to $225.00 in a research report on Thursday, May 12th. TheStreet downgraded NICE from a “b” rating to a “c+” rating in a research report on Monday, March 7th. Morgan Stanley lowered their price target on NICE from $315.00 to $260.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 22nd. Citigroup decreased their target price on NICE from $314.00 to $306.00 in a research report on Friday, February 18th. Finally, Zacks Investment Research upgraded NICE from a “sell” rating to a “hold” rating in a research report on Wednesday, April 20th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, NICE has an average rating of “Buy” and an average target price of $277.29.

Shares of NICE stock traded down $2.09 on Tuesday, reaching $190.70. The company’s stock had a trading volume of 301,131 shares, compared to its average volume of 295,818. The stock’s fifty day simple moving average is $208.66 and its 200-day simple moving average is $247.69. NICE has a 1 year low of $179.13 and a 1 year high of $319.88. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $12.11 billion, a price-to-earnings ratio of 63.57, a price-to-earnings-growth ratio of 2.54 and a beta of 0.85.

NICE (NASDAQ:NICEGet Rating) last posted its earnings results on Thursday, May 12th. The technology company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). The business had revenue of $527.43 million during the quarter, compared to analysts’ expectations of $510.64 million. NICE had a net margin of 10.10% and a return on equity of 11.43%. Equities research analysts forecast that NICE will post 5.44 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC raised its holdings in shares of NICE by 125.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,633 shares of the technology company’s stock valued at $799,000 after acquiring an additional 1,465 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of NICE in the third quarter valued at about $1,056,000. Acadian Asset Management LLC bought a new stake in shares of NICE in the fourth quarter valued at about $1,203,000. Massachusetts Financial Services Co. MA raised its holdings in shares of NICE by 20.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,364,773 shares of the technology company’s stock valued at $717,944,000 after acquiring an additional 405,788 shares in the last quarter. Finally, CWM LLC bought a new stake in shares of NICE in the fourth quarter valued at about $299,000. Institutional investors and hedge funds own 70.48% of the company’s stock.

About NICE (Get Rating)

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform that supports contact centers ranging from small single sites to distributed remote agents and enterprises; Enlighten, an AI engine for CX that discovers automation opportunities for self-service; digital-entry points solutions that 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 connecting them using real time AI-based routing.

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