NICE (NASDAQ:NICE) Upgraded by StockNews.com to Buy

StockNews.com upgraded shares of NICE (NASDAQ:NICE) from a hold rating to a buy rating in a research report report published on Thursday morning.

A number of other equities analysts have also commented on NICE. TheStreet upgraded shares of NICE from a c+ rating to a b- rating in a research report on Tuesday, February 6th. Northland Securities initiated coverage on shares of NICE in a research note on Tuesday, January 30th. They issued an outperform rating and a $300.00 target price on the stock. JMP Securities reaffirmed a market outperform rating and issued a $343.00 target price on shares of NICE in a research note on Wednesday, May 15th. Bank of America lowered their target price on shares of NICE from $300.00 to $270.00 and set a buy rating on the stock in a research note on Friday, May 17th. Finally, Jefferies Financial Group lowered their target price on shares of NICE from $280.00 to $230.00 and set a buy rating on the stock in a research note on Friday, May 17th. Fifteen analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of Buy and an average price target of $285.92.

NICE Price Performance

NICE stock opened at $190.10 on Thursday. The firm has a 50 day moving average of $232.14 and a 200-day moving average of $217.04. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.13. NICE has a 12 month low of $149.54 and a 12 month high of $270.73. The firm has a market capitalization of $11.95 billion, a P/E ratio of 34.31, a price-to-earnings-growth ratio of 1.63 and a beta of 1.04.

NICE (NASDAQ:NICE) last released its quarterly earnings data on Thursday, February 22nd. The technology company reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.10. NICE had a net margin of 14.92% and a return on equity of 14.05%. The company had revenue of $623.20 million during the quarter, compared to analyst estimates of $616.83 million. During the same period last year, the business earned $1.40 earnings per share. NICE’s revenue was up 9.6% compared to the same quarter last year. As a group, sell-side analysts predict that NICE will post 8.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NICE

Several large investors have recently modified their holdings of NICE. GAMMA Investing LLC purchased a new position in shares of NICE in the 4th quarter worth about $25,000. Lindbrook Capital LLC raised its position in shares of NICE by 88.9% in the 4th 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 last quarter. McGlone Suttner Wealth Management Inc. purchased a new position in NICE in the 4th quarter worth about $29,000. Cary Street Partners Investment Advisory LLC purchased a new position in NICE in the 3rd quarter worth about $37,000. Finally, Richardson Financial Services Inc. purchased a new position in NICE in the 1st quarter worth about $39,000. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Company Profile

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.