Rosenblatt Securities Reiterates Buy Rating for Nice (NASDAQ:NICE)

Nice (NASDAQ:NICE)‘s stock had its “buy” rating reaffirmed by Rosenblatt Securities in a research note issued to investors on Friday,Benzinga reports. They presently have a $190.00 price target on the technology company’s stock. Rosenblatt Securities’ price objective would indicate a potential upside of 42.69% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the company. Citigroup reduced their price target on Nice from $214.00 to $211.00 and set a “buy” rating on the stock in a research report on Monday, May 19th. Cantor Fitzgerald reissued a “neutral” rating and set a $161.00 price target on shares of Nice in a research report on Wednesday, June 18th. DA Davidson reduced their price target on Nice from $195.00 to $150.00 and set a “neutral” rating on the stock in a research report on Thursday. Royal Bank Of Canada reissued an “outperform” rating and set a $200.00 price target on shares of Nice in a research report on Wednesday, June 18th. Finally, JMP Securities reissued a “market outperform” rating and set a $300.00 price target on shares of Nice in a research report on Tuesday, July 29th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Nice presently has a consensus rating of “Moderate Buy” and an average price target of $205.25.

Nice Trading Up 4.2%

Nice stock opened at $133.16 on Friday. Nice has a 12 month low of $127.00 and a 12 month high of $200.65. The stock’s 50 day moving average is $160.39 and its 200-day moving average is $158.84. The company has a market capitalization of $8.42 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 1.21 and a beta of 0.98.

Nice (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, August 14th. The technology company reported $3.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.02. The business had revenue of $726.71 million for the quarter, compared to the consensus estimate of $713.18 million. Nice had a return on equity of 17.64% and a net margin of 18.92%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.64 earnings per share. As a group, equities research analysts predict that Nice will post 9.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nice

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. McIlrath & Eck LLC lifted its stake in Nice by 56.9% during the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock worth $27,000 after purchasing an additional 58 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its stake in shares of Nice by 3.3% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 2,627 shares of the technology company’s stock valued at $405,000 after acquiring an additional 83 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Nice by 6.7% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 1,492 shares of the technology company’s stock valued at $252,000 after acquiring an additional 94 shares during the last quarter. Aurora Investment Counsel lifted its stake in shares of Nice by 0.8% in the 1st quarter. Aurora Investment Counsel now owns 12,056 shares of the technology company’s stock valued at $1,859,000 after acquiring an additional 96 shares during the last quarter. Finally, Richardson Financial Services Inc. lifted its stake 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 valued at $33,000 after acquiring an additional 99 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.