NICE (NASDAQ:NICE) Coverage Initiated by Analysts at Rosenblatt Securities

Rosenblatt Securities started coverage on shares of NICE (NASDAQ:NICE) in a report published on Tuesday morning, Marketbeat reports. The brokerage issued a buy rating and a $285.00 price target on the technology company’s stock.

Other equities research analysts have also recently issued research reports about the company. Royal Bank of Canada upped their price objective on NICE from $238.00 to $285.00 and gave the stock an outperform rating in a research note on Friday, February 23rd. Mizuho upped their target price on shares of NICE from $244.00 to $300.00 and gave the company a buy rating in a report on Friday, February 23rd. Northland Securities initiated coverage on shares of NICE in a research note on Tuesday, January 30th. They issued an outperform rating and a $300.00 target price for the company. Oppenheimer boosted their price target on NICE from $225.00 to $300.00 and gave the stock an outperform rating in a research report on Friday, February 23rd. Finally, Citigroup upped their price objective on NICE from $283.00 to $334.00 and gave the company a buy rating in a research note on Wednesday, February 21st. Thirteen analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of Buy and an average price target of $291.00.

NICE Stock Performance

Shares of NICE opened at $228.43 on Tuesday. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.14. NICE has a 12 month low of $149.54 and a 12 month high of $270.73. The firm has a fifty day simple moving average of $241.39 and a 200 day simple moving average of $208.92. The stock has a market capitalization of $14.36 billion, a price-to-earnings ratio of 44.88, a PEG ratio of 2.02 and a beta of 1.02.

NICE (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, February 22nd. The technology company reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.10. The company had revenue of $623.20 million during the quarter, compared to the consensus estimate of $616.83 million. NICE had a net margin of 14.23% and a return on equity of 13.29%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.40 EPS. Research analysts forecast that NICE will post 8.21 EPS for the current fiscal year.

Institutional Trading of NICE

A number of institutional investors have recently modified their holdings of the stock. TimesSquare Capital Management LLC increased its position in shares of NICE by 2.5% in the third quarter. TimesSquare Capital Management LLC now owns 369,928 shares of the technology company’s stock worth $62,888,000 after purchasing an additional 9,053 shares during the period. Shelton Capital Management increased its holdings in NICE by 274.5% in the 3rd quarter. Shelton Capital Management now owns 6,685 shares of the technology company’s stock valued at $1,136,000 after buying an additional 4,900 shares during the period. Altshuler Shaham Ltd raised its position in shares of NICE by 60.0% in the 3rd quarter. Altshuler Shaham Ltd now owns 8,722 shares of the technology company’s stock valued at $1,471,000 after buying an additional 3,270 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in shares of NICE by 26.0% during the 4th quarter. Avior Wealth Management LLC now owns 2,464 shares of the technology company’s stock worth $492,000 after acquiring an additional 509 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of NICE by 4.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 5,018 shares of the technology company’s stock worth $853,000 after acquiring an additional 228 shares during the period. 63.34% of the stock is currently 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.