NICE Ltd. (NASDAQ:NICE) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of NICE Ltd. (NASDAQ:NICE) have earned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $231.64.

A number of brokerages have recently issued reports on NICE. DA Davidson dropped their target price on NICE from $300.00 to $225.00 and set a “buy” rating for the company in a report on Friday, November 15th. Piper Sandler reissued a “neutral” rating on shares of NICE in a report on Thursday, November 14th. StockNews.com cut NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th. Royal Bank of Canada dropped their target price on NICE from $260.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, February 21st. Finally, Citigroup dropped their target price on NICE from $279.00 to $228.00 and set a “buy” rating for the company in a report on Monday, February 24th.

NICE Stock Up 2.2 %

NICE stock opened at $149.80 on Monday. The business has a 50 day moving average price of $163.80 and a two-hundred day moving average price of $171.35. The stock has a market cap of $9.42 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 1.07 and a beta of 1.12. NICE has a 12 month low of $137.19 and a 12 month high of $270.73.

NICE (NASDAQ:NICE) last issued its earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71). NICE had a return on equity of 16.17% and a net margin of 16.18%. The company had revenue of $721.60 million during the quarter, compared to analyst estimates of $718.47 million. On average, analysts expect that NICE will post 9.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC boosted its position in NICE by 329.9% in the 4th quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company’s stock valued at $948,000 after buying an additional 4,407 shares during the last quarter. Bruni J V & Co. Co. bought a new position in NICE in the 3rd quarter valued at $22,849,000. Clear Creek Financial Management LLC boosted its position in NICE by 106.5% in the 4th quarter. Clear Creek Financial Management LLC now owns 4,303 shares of the technology company’s stock valued at $731,000 after buying an additional 2,219 shares during the last quarter. Kopion Asset Management LLC bought a new position in NICE in the 4th quarter valued at $7,433,000. Finally, Parnassus Investments LLC boosted its position in NICE by 1.5% in the 3rd quarter. Parnassus Investments LLC now owns 517,039 shares of the technology company’s stock valued at $89,794,000 after buying an additional 7,635 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors.

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.