NICE Ltd. (NASDAQ:NICE) Given Average Recommendation of “Moderate Buy” by Analysts

NICE Ltd. (NASDAQ:NICE – Get Rating) has been assigned a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $251.25.

A number of equities research analysts have recently commented on the stock. TheStreet upgraded shares of NICE from a “c+” rating to a “b-” rating in a report on Wednesday, January 18th. StockNews.com started coverage on NICE in a research note on Wednesday, October 12th. They issued a “buy” rating for the company. Citigroup increased their price objective on NICE from $254.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, November 11th. Piper Sandler raised NICE from a “neutral” rating to an “overweight” rating and set a $227.00 target price for the company in a research report on Tuesday, January 17th. Finally, Morgan Stanley raised their price target on shares of NICE from $215.00 to $225.00 and gave the company an “equal weight” rating in a report on Friday, November 11th.

NICE Stock Up 0.6 %

Shares of NASDAQ:NICE opened at $211.09 on Wednesday. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $196.80 and a two-hundred day simple moving average of $200.34. NICE has a 12-month low of $164.65 and a 12-month high of $274.01. The stock has a market capitalization of $13.40 billion, a price-to-earnings ratio of 57.21, a PEG ratio of 2.48 and a beta of 0.82.

NICE (NASDAQ:NICE – Get Rating) last issued its quarterly earnings results on Thursday, November 10th. The technology company reported $1.41 earnings per share for the quarter, meeting the consensus estimate of $1.41. The firm had revenue of $554.72 million during the quarter, compared to the consensus estimate of $548.49 million. NICE had a return on equity of 11.89% and a net margin of 11.56%. On average, research analysts anticipate that NICE will post 5.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NICE

Institutional investors and hedge funds have recently made changes to their positions in the business. Allworth Financial LP purchased a new stake in NICE during the second quarter valued at approximately $30,000. Fieldpoint Private Securities LLC increased its stake in shares of NICE by 440.0% in the 2nd quarter. Fieldpoint Private Securities LLC now owns 162 shares of the technology company’s stock worth $31,000 after purchasing an additional 132 shares in the last quarter. Penserra Capital Management LLC bought a new position in NICE in the 3rd quarter worth $34,000. Whittier Trust Co. of Nevada Inc. increased its position in NICE by 180.9% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 250 shares of the technology company’s stock worth $47,000 after buying an additional 161 shares in the last quarter. Finally, Accurate Wealth Management LLC purchased a new position in shares of NICE during the 4th quarter valued at about $52,000. Hedge funds and other institutional investors own 63.92% of the company’s stock.

About NICE

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NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven 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 discovers automation opportunities for self-service; digital-entry points solutions that 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 connecting them using real time AI-based routing.