Nice (NASDAQ:NICE) Given Average Rating of “Moderate Buy” by Brokerages

Nice (NASDAQ:NICE) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $208.92.

A number of research firms have commented on NICE. Citigroup reduced their target price on Nice from $214.00 to $211.00 and set a “buy” rating for the company in a report on Monday, May 19th. Cantor Fitzgerald restated a “neutral” rating and set a $161.00 target price on shares of Nice in a research report on Friday, May 16th. Rosenblatt Securities lifted their price target on shares of Nice from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Wedbush restated an “outperform” rating and issued a $200.00 price target on shares of Nice in a report on Friday, May 16th. Finally, Barclays reduced their price objective on Nice from $286.00 to $226.00 and set an “overweight” rating for the company in a report on Friday, February 21st.

Institutional Trading of Nice

Large investors have recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Nice in the 4th quarter worth approximately $313,808,000. Alliancebernstein L.P. lifted its position in Nice by 1,125.3% in the first quarter. Alliancebernstein L.P. now owns 768,737 shares of the technology company’s stock worth $118,516,000 after purchasing an additional 705,997 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Nice during the first quarter worth $98,485,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Nice by 218.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 908,014 shares of the technology company’s stock valued at $139,989,000 after buying an additional 623,014 shares during the period. Finally, FIL Ltd acquired a new position in shares of Nice in the 4th quarter valued at $70,465,000. 63.34% of the stock is owned by institutional investors.

Nice Trading Down 1.1%

Shares of NASDAQ:NICE opened at $165.76 on Wednesday. Nice has a 12 month low of $137.19 and a 12 month high of $200.65. The company has a market capitalization of $10.48 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 1.52 and a beta of 1.01. The firm’s 50-day moving average is $161.60 and its 200 day moving average is $163.47.

Nice (NASDAQ:NICE) last issued its earnings results on Thursday, May 15th. The technology company reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.03. The firm had revenue of $700.19 million during the quarter, compared to analyst estimates of $699.46 million. Nice had a net margin of 16.77% and a return on equity of 16.37%. The business’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.58 earnings per share. As a group, equities analysts forecast that Nice will post 9.85 EPS for the current fiscal year.

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.