Cantor Fitzgerald Analysts Raise Earnings Estimates for NICE

NICE Ltd. (NASDAQ:NICE) – Analysts at Cantor Fitzgerald lifted their FY2025 earnings per share (EPS) estimates for NICE in a research report issued to clients and investors on Monday, May 19th. Cantor Fitzgerald analyst T. Blakey now forecasts that the technology company will post earnings of $10.03 per share for the year, up from their previous forecast of $9.92. Cantor Fitzgerald has a “Neutral” rating and a $161.00 price objective on the stock. The consensus estimate for NICE’s current full-year earnings is $9.85 per share.

NICE (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, May 15th. The technology company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.03. The business had revenue of $700.19 million during the quarter, compared to the consensus estimate of $699.46 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the company earned $2.58 earnings per share.

Other equities research analysts also recently issued research reports about the company. StockNews.com downgraded NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th. Citigroup decreased their target price on NICE from $214.00 to $211.00 and set a “buy” rating for the company in a report on Monday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of NICE in a report on Friday, May 16th. Barclays decreased their target price on NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a report on Friday, February 21st. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $300.00 target price on shares of NICE in a report on Friday, May 16th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, NICE presently has an average rating of “Moderate Buy” and an average target price of $211.50.

NICE Stock Performance

Shares of NASDAQ NICE opened at $162.02 on Wednesday. The company has a market cap of $10.25 billion, a PE ratio of 23.97, a P/E/G ratio of 1.07 and a beta of 1.03. The business has a 50-day simple moving average of $155.37 and a two-hundred day simple moving average of $165.06. NICE has a fifty-two week low of $137.19 and a fifty-two week high of $200.65.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in NICE in the fourth quarter valued at approximately $313,808,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in NICE by 12.3% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,766,270 shares of the technology company’s stock valued at $272,306,000 after acquiring an additional 193,000 shares during the period. Boston Partners lifted its holdings in NICE by 10.0% in the fourth quarter. Boston Partners now owns 1,670,327 shares of the technology company’s stock valued at $283,349,000 after acquiring an additional 151,528 shares during the period. Menora Mivtachim Holdings LTD. lifted its holdings in NICE by 2.3% in the fourth quarter. Menora Mivtachim Holdings LTD. now owns 1,660,037 shares of the technology company’s stock valued at $281,941,000 after acquiring an additional 36,865 shares during the period. Finally, HMI Capital Management L.P. increased its position in shares of NICE by 12.8% in the fourth quarter. HMI Capital Management L.P. now owns 1,642,770 shares of the technology company’s stock valued at $279,008,000 after buying an additional 186,600 shares in the last quarter. 63.34% of the stock is owned by institutional investors and hedge funds.

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.