Nice (NASDAQ:NICE) Given Neutral Rating at DA Davidson

Nice (NASDAQ:NICE)‘s stock had its “neutral” rating restated by stock analysts at DA Davidson in a research note issued to investors on Monday, Marketbeat Ratings reports. They presently have a $195.00 target price on the technology company’s stock. DA Davidson’s price target would indicate a potential upside of 18.91% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Cantor Fitzgerald reissued a “neutral” rating and set a $161.00 target price on shares of Nice in a report on Wednesday, June 18th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Nice in a research note on Wednesday, June 18th. Rosenblatt Securities restated a “buy” rating and issued a $190.00 price target on shares of Nice in a research report on Wednesday, June 18th. JMP Securities reissued a “market outperform” rating and set a $300.00 price objective on shares of Nice in a research note on Wednesday, June 18th. Finally, Wall Street Zen downgraded Nice from a “buy” rating to a “hold” rating in a research note on Saturday. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $209.75.

Nice Stock Performance

Shares of Nice stock traded down $6.38 on Monday, hitting $163.99. 660,178 shares of the company traded hands, compared to its average volume of 526,577. The business has a 50-day simple moving average of $165.25 and a 200 day simple moving average of $160.39. Nice has a 52 week low of $137.19 and a 52 week high of $200.65. The stock has a market capitalization of $10.37 billion, a P/E ratio of 22.87, a price-to-earnings-growth ratio of 1.48 and a beta of 1.00.

Nice (NASDAQ:NICE) last released its quarterly 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 company had revenue of $700.19 million for the quarter, compared to the consensus estimate of $699.46 million. Nice had a net margin of 16.77% and a return on equity of 16.37%. Nice’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.58 earnings per share. Research analysts expect that Nice will post 9.85 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NICE. Anchor Investment Management LLC lifted 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 purchasing an additional 100 shares during the last quarter. Park Square Financial Group LLC acquired a new position in shares of Nice during the fourth quarter valued at $25,000. McIlrath & Eck LLC boosted 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. Richardson Financial Services Inc. increased its holdings in shares of Nice by 99.0% in the 2nd quarter. Richardson Financial Services Inc. now owns 199 shares of the technology company’s stock worth $33,000 after acquiring an additional 99 shares during the period. Finally, NBC Securities Inc. bought a new stake in Nice in the 1st quarter valued at about $34,000. 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.