Nice (NASDAQ:NICE) Receives Outperform Rating from Wedbush

Wedbush reissued their outperform rating on shares of Nice (NASDAQ:NICE) in a report published on Friday,Benzinga reports. They currently have a $200.00 target price on the technology company’s stock.

Several other brokerages also recently weighed in on NICE. Citigroup decreased their target price on Nice from $214.00 to $211.00 and set a “buy” rating for the company in a research report on Monday, May 19th. Cantor Fitzgerald reissued a “neutral” rating and issued a $161.00 target price on shares of Nice in a research report on Wednesday. Piper Sandler restated a “neutral” rating and issued a $182.00 target price (up previously from $153.00) on shares of Nice in a research note on Friday, June 13th. JMP Securities restated a “market outperform” rating and set a $300.00 price objective on shares of Nice in a research note on Wednesday. Finally, Barclays lowered their target price on shares of Nice from $286.00 to $226.00 and set an “overweight” rating for the company in a research note on Friday, February 21st. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $209.75.

Nice Price Performance

Shares of NASDAQ:NICE opened at $162.61 on Friday. The business has a 50-day moving average of $162.36 and a two-hundred day moving average of $163.19. The firm has a market capitalization of $10.29 billion, a PE ratio of 22.68, a P/E/G ratio of 1.50 and a beta of 1.01. Nice has a 12 month low of $137.19 and a 12 month high of $200.65.

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

Institutional Investors Weigh In On Nice

Large investors have recently modified their holdings of the stock. McIlrath & Eck LLC lifted its holdings in shares of Nice by 56.9% during the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock valued at $27,000 after acquiring an additional 58 shares during the period. Dorsey & Whitney Trust CO LLC lifted its holdings in Nice by 5.7% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,428 shares of the technology company’s stock valued at $243,000 after purchasing an additional 77 shares during the last quarter. Rothschild Investment LLC lifted its holdings in Nice by 18.5% during the 4th quarter. Rothschild Investment LLC now owns 512 shares of the technology company’s stock valued at $87,000 after purchasing an additional 80 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its position in Nice by 3.3% in the first quarter. Legacy Wealth Asset Management LLC now owns 2,627 shares of the technology company’s stock valued at $405,000 after buying an additional 83 shares in the last quarter. Finally, Aurora Investment Counsel grew its stake in Nice by 0.8% during the first quarter. Aurora Investment Counsel now owns 12,056 shares of the technology company’s stock worth $1,859,000 after buying an additional 96 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors.

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.