Cantor Fitzgerald Reiterates “Neutral” Rating for NICE (NASDAQ:NICE)

NICE (NASDAQ:NICE)‘s stock had its “neutral” rating reiterated by equities researchers at Cantor Fitzgerald in a report issued on Friday,Benzinga reports. They currently have a $161.00 target price on the technology company’s stock. Cantor Fitzgerald’s price target suggests a potential downside of 1.49% from the stock’s current price.

A number of other research firms have also commented on NICE. StockNews.com lowered shares of NICE from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 17th. Wedbush reiterated an “outperform” rating and set a $200.00 target price on shares of NICE in a research report on Friday. DA Davidson boosted their target price on shares of NICE from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Friday. Morgan Stanley dropped their target price 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, Rosenblatt Securities boosted their target price on shares of NICE from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Friday. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, NICE has an average rating of “Moderate Buy” and a consensus price target of $212.92.

NICE Stock Performance

NASDAQ:NICE opened at $163.43 on Friday. The firm’s fifty day moving average is $153.97 and its 200-day moving average is $165.16. NICE has a 52 week low of $137.19 and a 52 week high of $202.36. The firm has a market cap of $10.34 billion, a P/E ratio of 24.18, a P/E/G ratio of 1.07 and a beta of 1.03.

NICE (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, May 15th. The technology company reported $2.29 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.55). NICE had a net margin of 16.18% and a return on equity of 16.17%. The firm had revenue of $700.19 million during the quarter, compared to the consensus estimate of $699.46 million. As a group, sell-side analysts anticipate that NICE will post 9.85 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in NICE during the fourth quarter worth $313,808,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of NICE by 12.3% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,766,270 shares of the technology company’s stock worth $272,306,000 after acquiring an additional 193,000 shares in the last quarter. Boston Partners grew its stake in shares of NICE by 10.0% in the 4th quarter. Boston Partners now owns 1,670,327 shares of the technology company’s stock worth $283,349,000 after acquiring an additional 151,528 shares in the last quarter. Menora Mivtachim Holdings LTD. grew its stake in shares of NICE by 2.3% in the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,660,037 shares of the technology company’s stock worth $281,941,000 after acquiring an additional 36,865 shares in the last quarter. Finally, HMI Capital Management L.P. grew its stake in shares of NICE by 12.8% in the 4th quarter. HMI Capital Management L.P. now owns 1,642,770 shares of the technology company’s stock worth $279,008,000 after acquiring an additional 186,600 shares in 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.