Shares of NICE Ltd. (NASDAQ: NICE – Get a rating) received an average recommendation of “Buy” from the nine analysts who currently cover the stock, reports Marketbeat.com. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the past year is $272.33.
Several brokerages have recently weighed in on NICE. Morgan Stanley cut its target price on NICE from $315.00 to $260.00 and set an “equal weight” rating on the stock in a Tuesday, February 22 research report. Royal Bank of Canada reduced its price target on NICE from $365.00 to $240.00 in a Friday, May 13 research report. Citigroup reduced its price target on NICE from $314.00 to $306.00 in a Friday, February 18 research report. TheStreet downgraded NICE from a “b” rating to a “c+” rating in a Monday, March 7 research report. To finish, StockNews.com launched coverage on NICE in a research report on Thursday, March 31. They issued a “buy” rating on the stock.
NICE shares were down $2.01 during Friday trading hours, hitting $190.66. The stock had a trading volume of 1,956 shares, compared to an average volume of 309,064. The company has a leverage ratio of 0.16, a quick ratio of 1.88 and a current ratio of 1.88 . The company has a market capitalization of $12.10 billion, a P/E ratio of 63.86, a P/E/G ratio of 2.47 and a beta of 0.85. The company’s fifty-day simple moving average is $209.59 and its 200-day simple moving average is $249.83. NICE has a 12-month low of $179.13 and a 12-month high of $319.88.
NICE (NASDAQ: NICE – Get a rating) last reported results on Thursday, May 12. The technology company reported earnings per share of $1.23 for the quarter, missing the consensus estimate of $1.30 per ($0.07). The company posted revenue of $527.43 million in the quarter, compared to $510.64 million expected by analysts. NICE had a return on equity of 11.43% and a net margin of 10.10%. As a group, sell-side analysts expect NICE to post earnings per share of 5.44 for the current fiscal year.
Several hedge funds and other institutional investors have recently changed their positions in the company. Steward Partners Investment Advisory LLC increased its stake in NICE by 125.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,633 shares of the technology company worth $799,000 after buying 1,465 additional shares in the last quarter. Marshall Wace LLP acquired a new position in NICE in the third quarter worth approximately $1,056,000. Acadian Asset Management LLC acquired a new position in NICE in the fourth quarter worth approximately $1,203,000. Massachusetts Financial Services Co. MA increased its stake in NICE by 20.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,364,773 shares of the technology company worth $717,944,000 after buying 405,788 additional shares last quarter. Finally, CWM LLC acquired a new position in NICE in the fourth quarter worth approximately $299,000. 70.48% of the shares are currently held by institutional investors and hedge funds.
About NICE (Get a rating)
NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-powered digital business solutions worldwide. It offers CXone, a cloud-native open platform that supports contact centers ranging from small single sites to distributed remote agents and enterprises; Enlighten, an AI engine for CX that uncovers automation opportunities for self-service; digital entry point solutions that enable organizations to meet consumer needs; and journey orchestration solutions that allow organizations to connect and route customers to process the customer’s request, and connect them using real-time AI-based routing.
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