NICE Ltd. (NASDAQ:NICE) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of NICE Ltd. (NASDAQ:NICE) have received a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $224.29.

A number of analysts have issued reports on the stock. Rosenblatt Securities reduced their target price on shares of NICE from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. DA Davidson lowered their price target on shares of NICE from $200.00 to $180.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Cantor Fitzgerald lowered their target price on shares of NICE from $176.00 to $161.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Morgan Stanley reduced their price target on shares of NICE from $235.00 to $202.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Finally, Citigroup lowered their target price on shares of NICE from $279.00 to $228.00 and set a “buy” rating for the company in a report on Monday, February 24th.

NICE Stock Performance

NASDAQ:NICE opened at $156.17 on Tuesday. The stock has a market cap of $9.82 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 1.07 and a beta of 1.05. The business has a fifty day moving average of $150.25 and a 200-day moving average of $166.70. NICE has a 1 year low of $137.19 and a 1 year high of $229.33.

NICE (NASDAQ:NICE) last released its quarterly earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71). NICE had a net margin of 16.18% and a return on equity of 16.17%. The company had revenue of $721.60 million during the quarter, compared to analyst estimates of $718.47 million. On average, equities research analysts predict that NICE will post 9.85 EPS for the current year.

Hedge Funds Weigh In On NICE

A number of institutional investors and hedge funds have recently bought and sold shares of NICE. Park Square Financial Group LLC bought a new stake in shares of NICE during the 4th quarter valued at about $25,000. Avion Wealth bought a new stake in shares of NICE in the 4th quarter worth $25,000. Tradewinds Capital Management LLC bought a new stake in shares of NICE in the 4th quarter worth $25,000. Anchor Investment Management LLC boosted its holdings in shares of NICE by 200.0% in the 4th quarter. Anchor Investment Management LLC now owns 150 shares of the technology company’s stock worth $25,000 after buying an additional 100 shares during the last quarter. Finally, McIlrath & Eck LLC boosted its holdings in shares of NICE by 56.9% in the 4th quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock worth $27,000 after buying an additional 58 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

About NICE

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.