NICE Ltd. (NASDAQ:NICE – Free Report) – Analysts at DA Davidson increased their FY2023 earnings estimates for shares of NICE in a research report issued on Friday, November 17th. DA Davidson analyst G. Luria now expects that the technology company will earn $6.76 per share for the year, up from their previous estimate of $6.56. DA Davidson has a “Neutral” rating and a $190.00 price target on the stock. The consensus estimate for NICE’s current full-year earnings is $6.50 per share. DA Davidson also issued estimates for NICE’s Q4 2023 earnings at $1.83 EPS.
Several other research firms have also recently issued reports on NICE. Oppenheimer lowered their target price on shares of NICE from $250.00 to $225.00 and set an “outperform” rating on the stock in a research note on Thursday, October 5th. JMP Securities restated a “market outperform” rating and set a $343.00 target price on shares of NICE in a research note on Monday, October 9th. Citigroup upped their target price on shares of NICE from $278.00 to $338.00 and gave the company a “buy” rating in a research note on Tuesday, August 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $238.00 price objective on shares of NICE in a research note on Friday. Finally, TheStreet cut shares of NICE from a “b-” rating to a “c+” rating in a research note on Tuesday, September 12th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $249.00.
NICE Price Performance
NICE opened at $194.52 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.31 and a current ratio of 2.31. The stock has a market capitalization of $12.38 billion, a P/E ratio of 39.54, a P/E/G ratio of 2.36 and a beta of 0.89. The company’s 50-day simple moving average is $168.27 and its two-hundred day simple moving average is $191.69. NICE has a 52-week low of $149.54 and a 52-week high of $231.54.
NICE (NASDAQ:NICE – Get Free Report) last posted its earnings results on Thursday, November 16th. The technology company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.12. The business had revenue of $601.30 million for the quarter, compared to analysts’ expectations of $595.00 million. NICE had a net margin of 14.11% and a return on equity of 13.17%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.41 EPS.
Institutional Investors Weigh In On NICE
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NICE. Raymond James Financial Services Advisors Inc. raised its stake in 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 acquiring an additional 225 shares during the period. Bank of New York Mellon Corp raised its stake in NICE by 1.4% during the 1st quarter. Bank of New York Mellon Corp now owns 12,314 shares of the technology company’s stock worth $2,697,000 after acquiring an additional 167 shares during the period. American Century Companies Inc. raised its stake in NICE by 45.7% during the 1st quarter. American Century Companies Inc. now owns 2,299 shares of the technology company’s stock worth $503,000 after acquiring an additional 721 shares during the period. PNC Financial Services Group Inc. raised its stake in NICE by 2.8% during the 1st 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 during the period. Finally, Bank of Montreal Can raised its stake in 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 acquiring an additional 1,893 shares during the period. Institutional investors own 63.58% of the company’s stock.
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 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 connects them using real time AI-based routing.
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