NICE Ltd. (NASDAQ:NICE) Receives $231.64 Average Target Price from Brokerages

NICE Ltd. (NASDAQ:NICE) has been assigned a consensus rating of “Moderate Buy” from the sixteen analysts that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $231.64.

NICE has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of NICE in a research note on Wednesday, March 19th. Rosenblatt Securities dropped their price target on shares of NICE from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. StockNews.com downgraded shares of NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th. Citigroup dropped their target price on shares of NICE from $279.00 to $228.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Finally, Jefferies Financial Group restated a “hold” rating and set a $200.00 price target (down from $215.00) on shares of NICE in a report on Thursday, December 19th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. McIlrath & Eck LLC increased its holdings in NICE by 56.9% in the 4th quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock valued at $27,000 after buying an additional 58 shares during the period. Financial Perspectives Inc increased its stake in NICE by 11.6% in the fourth quarter. Financial Perspectives Inc now owns 635 shares of the technology company’s stock valued at $108,000 after acquiring an additional 66 shares during the period. Richardson Financial Services Inc. raised its position in NICE by 43.8% in the fourth quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock worth $38,000 after purchasing an additional 67 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in NICE by 5.7% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,428 shares of the technology company’s stock worth $243,000 after purchasing an additional 77 shares during the period. Finally, Berry Wealth Group LP boosted its holdings in NICE by 5.2% during the fourth quarter. Berry Wealth Group LP now owns 1,616 shares of the technology company’s stock valued at $274,000 after purchasing an additional 80 shares in the last quarter. 63.34% of the stock is owned by institutional investors.

NICE Stock Performance

Shares of NICE opened at $141.30 on Friday. The firm has a market cap of $8.88 billion, a PE ratio of 20.90, a PEG ratio of 1.07 and a beta of 1.05. The firm’s 50 day moving average price is $157.89 and its 200 day moving average price is $168.97. NICE has a twelve month low of $137.19 and a twelve month high of $245.19.

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

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.