Shares of NICE Ltd. (NASDAQ:NICE – Get Free Report) have received an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $256.30.
Several equities analysts have weighed in on NICE shares. Morgan Stanley upgraded shares of NICE from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $225.00 to $220.00 in a research report on Monday, October 16th. StockNews.com cut shares of NICE from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 3rd. JMP Securities reiterated a “market outperform” rating and set a $343.00 price objective on shares of NICE in a research report on Thursday, February 1st. Royal Bank of Canada restated an “outperform” rating and set a $238.00 price target on shares of NICE in a report on Friday, November 17th. Finally, Northland Securities began coverage on shares of NICE in a report on Tuesday, January 30th. They set an “outperform” rating and a $300.00 price target on the stock.
NICE Price Performance
NICE (NASDAQ:NICE – Get Free Report) last posted its quarterly earnings results on Thursday, November 16th. The technology company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.12. The company had revenue of $601.30 million for the quarter, compared to analysts’ expectations of $595.00 million. NICE had a return on equity of 13.06% and a net margin of 14.11%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.41 earnings per share. Equities research analysts anticipate that NICE will post 6.64 earnings per share for the current fiscal year.
Institutional Investors Weigh In On NICE
Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC bought a new position in NICE during the fourth quarter worth about $25,000. Lindbrook Capital LLC lifted its stake in NICE by 88.9% during the fourth quarter. Lindbrook Capital LLC now owns 136 shares of the technology company’s stock worth $27,000 after purchasing an additional 64 shares during the period. Sunbelt Securities Inc. bought a new position in NICE during the first quarter worth about $32,000. McGlone Suttner Wealth Management Inc. bought a new position in NICE during the fourth quarter worth about $29,000. Finally, ST Germain D J Co. Inc. bought a new position in NICE during the second quarter worth about $43,000. Institutional investors own 63.58% 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 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 connects them using real time AI-based routing.
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