NICE Ltd. (NASDAQ:NICE) Given Consensus Rating of “Buy” by Analysts

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

A number of brokerages recently weighed in on NICE. Barclays lowered their target price on shares of NICE from $320.00 to $286.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Rosenblatt Securities restated a “buy” rating and issued a $225.00 target price on shares of NICE in a research report on Tuesday, August 13th. JMP Securities reiterated a “market outperform” rating and set a $300.00 price target on shares of NICE in a research report on Friday, August 16th. Wedbush restated an “outperform” rating and issued a $250.00 price objective on shares of NICE in a report on Friday, August 16th. Finally, Northland Securities cut their price objective on shares of NICE from $305.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, August 16th.

Hedge Funds Weigh In On NICE

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC raised its holdings in NICE by 4.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 1,207 shares of the technology company’s stock worth $315,000 after purchasing an additional 47 shares in the last quarter. Richardson Financial Services Inc. purchased a new stake in NICE in the first quarter worth about $39,000. Csenge Advisory Group boosted its position in NICE by 119.3% during the 1st quarter. Csenge Advisory Group now owns 2,252 shares of the technology company’s stock valued at $587,000 after acquiring an additional 1,225 shares in the last quarter. Lester Murray Antman dba SimplyRich purchased a new position in shares of NICE during the 1st quarter worth approximately $331,000. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of NICE by 10.8% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,538 shares of the technology company’s stock worth $922,000 after acquiring an additional 344 shares in the last quarter. Institutional investors own 63.34% of the company’s stock.

NICE Price Performance

NICE stock opened at $189.99 on Tuesday. The firm has a 50 day moving average of $170.69 and a 200-day moving average of $179.37. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.13. NICE has a 12 month low of $151.52 and a 12 month high of $270.73. The firm has a market capitalization of $11.94 billion, a P/E ratio of 31.72, a price-to-earnings-growth ratio of 1.42 and a beta of 1.04.

NICE (NASDAQ:NICE) last released its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.06. NICE had a net margin of 15.55% and a return on equity of 14.68%. The company had revenue of $664.40 million during the quarter, compared to analyst estimates of $664.10 million. During the same period last year, the business earned $1.63 earnings per share. NICE’s revenue was up 14.3% compared to the same quarter last year. As a group, sell-side analysts predict that NICE will post 8.5 earnings per share 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.