NICE Ltd. (NASDAQ:NICE) Given Average Rating of “Buy” by Brokerages

NICE Ltd. (NASDAQ:NICE) has received an average recommendation of “Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. Eleven investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have covered the stock in the last year is $291.55.

A number of analysts have recently issued reports on NICE shares. Barclays lifted their price target on NICE from $283.00 to $320.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Citigroup lifted their price target on NICE from $283.00 to $334.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Northland Securities initiated coverage on NICE in a research report on Tuesday, January 30th. They set an “outperform” rating and a $300.00 price target for the company. TheStreet upgraded NICE from a “c+” rating to a “b-” rating in a research report on Tuesday, February 6th. Finally, Mizuho boosted their target price on NICE from $244.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd.

Institutional Trading of NICE

Several hedge funds and other institutional investors have recently bought and sold shares of NICE. Raymond James Financial Services Advisors Inc. lifted its position in NICE by 6.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 3,528 shares of the technology company’s stock valued at $773,000 after purchasing an additional 225 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of NICE by 1.4% during the first quarter. Bank of New York Mellon Corp now owns 12,314 shares of the technology company’s stock valued at $2,697,000 after buying an additional 167 shares during the period. American Century Companies Inc. increased its stake in shares of NICE by 45.7% during the first quarter. American Century Companies Inc. now owns 2,299 shares of the technology company’s stock valued at $503,000 after buying an additional 721 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of NICE by 2.8% during the first quarter. PNC Financial Services Group Inc. now owns 4,717 shares of the technology company’s stock valued at $1,032,000 after buying an additional 128 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of NICE by 55.7% during the first quarter. Bank of Montreal Can now owns 5,294 shares of the technology company’s stock valued at $1,192,000 after buying an additional 1,893 shares during the period. Institutional investors own 63.34% of the company’s stock.

NICE Stock Up 0.2 %

NICE stock opened at $230.95 on Friday. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $14.70 billion, a PE ratio of 45.37, a PEG ratio of 2.08 and a beta of 1.02. NICE has a twelve month low of $149.54 and a twelve month high of $270.73. The stock has a 50-day simple moving average of $241.06 and a two-hundred day simple moving average of $207.21.

NICE (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, February 22nd. The technology company reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.10. The firm had revenue of $623.20 million during the quarter, compared to the consensus estimate of $616.83 million. NICE had a return on equity of 13.29% and a net margin of 14.23%. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the company posted $1.40 EPS. On average, equities analysts predict that NICE will post 8.21 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.