NICE Ltd. (NASDAQ:NICE) Receives Average Rating of “Moderate Buy” from Brokerages

NICE Ltd. (NASDAQ:NICEGet Rating) has been given an average recommendation of “Moderate Buy” by the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $251.25.

A number of equities research analysts have recently issued reports on NICE shares. Citigroup boosted their target price on NICE from $254.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, November 11th. Piper Sandler raised shares of NICE from a “neutral” rating to an “overweight” rating and set a $227.00 price objective for the company in a research note on Tuesday, January 17th. TheStreet raised shares of NICE from a “c+” rating to a “b-” rating in a research report on Wednesday, January 18th. StockNews.com began coverage on shares of NICE in a research report on Wednesday, October 12th. They issued a “buy” rating for the company. Finally, Morgan Stanley boosted their target price on shares of NICE from $215.00 to $225.00 and gave the company an “equal weight” rating in a research note on Friday, November 11th.

NICE Price Performance

Shares of NICE stock opened at $211.09 on Wednesday. NICE has a 52 week low of $164.65 and a 52 week high of $274.01. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average price is $196.80 and its two-hundred day moving average price is $200.34. The stock has a market cap of $13.40 billion, a PE ratio of 57.21, a price-to-earnings-growth ratio of 2.48 and a beta of 0.82.

NICE (NASDAQ:NICEGet Rating) last released its earnings results on Thursday, November 10th. The technology company reported $1.41 EPS for the quarter, meeting the consensus estimate of $1.41. The business had revenue of $554.72 million during the quarter, compared to analyst estimates of $548.49 million. NICE had a net margin of 11.56% and a return on equity of 11.89%. As a group, sell-side analysts anticipate that NICE will post 5.42 EPS for the current fiscal year.

Institutional Trading of NICE

A number of institutional investors have recently bought and sold shares of NICE. Raymond James Financial Services Advisors Inc. raised its stake in shares of NICE by 6.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 3,528 shares of the technology company’s stock worth $773,000 after purchasing an additional 225 shares in the last quarter. Bank of New York Mellon Corp raised its position in NICE by 1.4% during the first quarter. Bank of New York Mellon Corp now owns 12,314 shares of the technology company’s stock valued at $2,697,000 after acquiring an additional 167 shares in the last quarter. American Century Companies Inc. lifted its stake in NICE by 45.7% in the first quarter. American Century Companies Inc. now owns 2,299 shares of the technology company’s stock valued at $503,000 after acquiring an additional 721 shares during the last quarter. PNC Financial Services Group Inc. grew its position in NICE by 2.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,717 shares of the technology company’s stock worth $1,032,000 after acquiring an additional 128 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of NICE by 55.7% during the 1st quarter. Bank of Montreal Can now owns 5,294 shares of the technology company’s stock worth $1,192,000 after purchasing an additional 1,893 shares during the last quarter. Institutional investors and hedge funds own 63.92% of the company’s stock.

NICE Company Profile

(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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Analyst Recommendations for NICE (NASDAQ:NICE)

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