NICE Ltd. (NASDAQ:NICE) Receives Consensus Recommendation of “Buy” from Analysts

NICE Ltd. (NASDAQ:NICE) has been given a consensus rating of “Buy” by the fifteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Fifteen equities research analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have issued a report on the stock in the last year is $269.64.

A number of brokerages have recently issued reports on NICE. JMP Securities reissued a “market outperform” rating and set a $300.00 target price on shares of NICE in a research note on Friday, August 16th. Morgan Stanley dropped their target price on shares of NICE from $290.00 to $240.00 and set an “overweight” rating on the stock in a research note on Friday, June 14th. StockNews.com lowered shares of NICE from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 14th. Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 price target on shares of NICE in a report on Tuesday, August 13th. Finally, Piper Sandler dropped their price objective on NICE from $238.00 to $213.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its holdings in shares of NICE by 135.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock worth $32,000 after purchasing an additional 107 shares during the period. Richardson Financial Services Inc. purchased a new stake in NICE during the first quarter worth about $39,000. GAMMA Investing LLC lifted its position in shares of NICE by 89.9% during the third quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock worth $43,000 after purchasing an additional 116 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of NICE by 72.4% in the first quarter. UMB Bank n.a. now owns 219 shares of the technology company’s stock valued at $57,000 after purchasing an additional 92 shares during the period. Finally, Rothschild Investment LLC acquired a new position in shares of NICE in the second quarter valued at approximately $72,000. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

NICE Trading Up 0.0 %

NICE stock opened at $165.67 on Friday. NICE has a twelve month low of $149.54 and a twelve month high of $270.73. The stock has a market capitalization of $10.42 billion, a price-to-earnings ratio of 29.90, a price-to-earnings-growth ratio of 1.35 and a beta of 1.05. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.13. The firm’s fifty day simple moving average is $168.69 and its two-hundred day simple moving average is $189.49.

NICE (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, August 15th. The technology company reported $2.64 EPS for the quarter, beating the consensus estimate of $2.58 by $0.06. The company had revenue of $664.40 million for the quarter, compared to the consensus estimate of $664.10 million. NICE had a net margin of 15.55% and a return on equity of 14.68%. The firm’s revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.63 EPS. As a group, analysts anticipate that NICE will post 8.5 earnings per share for the current 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.