Shares of NICE Ltd. (NASDAQ:NICE - Get Free Report) have received an average rating of "Moderate Buy" from the sixteen ratings firms that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $231.64.
A number of research firms recently issued reports on NICE. Royal Bank of Canada reduced their price objective on NICE from $260.00 to $200.00 and set an "outperform" rating for the company in a research report on Friday, February 21st. Rosenblatt Securities reduced their price objective on NICE from $225.00 to $200.00 and set a "buy" rating for the company in a research report on Friday, February 21st. StockNews.com cut NICE from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 17th. Northland Securities reduced their price objective on NICE from $275.00 to $250.00 and set an "outperform" rating for the company in a research report on Friday, November 15th. Finally, DA Davidson reduced their price target on NICE from $300.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, November 15th.
Read Our Latest Stock Analysis on NICE
Shares of NICE stock opened at $149.80 on Monday. NICE has a 1-year low of $137.19 and a 1-year high of $270.73. The company has a market capitalization of $9.42 billion, a price-to-earnings ratio of 22.16, a P/E/G ratio of 1.07 and a beta of 1.12. The stock's fifty day simple moving average is $163.80 and its 200-day simple moving average is $171.35.
NICE (NASDAQ:NICE - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $721.60 million for the quarter, compared to analyst estimates 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 predict that NICE will post 9.85 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC boosted its stake in NICE by 329.9% during the 4th quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company's stock valued at $948,000 after purchasing an additional 4,407 shares during the period. Bruni J V & Co. Co. bought a new stake in NICE during the 3rd quarter valued at approximately $22,849,000. Clear Creek Financial Management LLC boosted its stake in NICE by 106.5% during the 4th quarter. Clear Creek Financial Management LLC now owns 4,303 shares of the technology company's stock valued at $731,000 after purchasing an additional 2,219 shares during the period. Kopion Asset Management LLC bought a new stake in NICE during the 4th quarter valued at approximately $7,433,000. Finally, Parnassus Investments LLC raised its holdings 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 acquiring an additional 7,635 shares in the last quarter. Institutional investors own 63.34% of the company's stock.
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.
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