Cantor Fitzgerald Analysts Raise Earnings Estimates for NICE

NICE Ltd. (NASDAQ:NICE) – Equities researchers at Cantor Fitzgerald increased their FY2025 earnings per share estimates for shares of NICE in a report released on Monday, May 19th. Cantor Fitzgerald analyst T. Blakey now expects that the technology company will earn $10.03 per share for the year, up from their previous forecast of $9.92. Cantor Fitzgerald currently has a “Neutral” rating and a $161.00 target price on the stock. The consensus estimate for NICE’s current full-year earnings is $9.85 per share.

NICE (NASDAQ:NICE) last announced its earnings results on Thursday, May 15th. The technology company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.03. The business had revenue of $700.19 million during the quarter, compared to the consensus estimate of $699.46 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.58 EPS.

Several other analysts have also recently commented on the company. Morgan Stanley dropped their price target on NICE from $235.00 to $202.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. StockNews.com cut NICE from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 17th. Rosenblatt Securities boosted their price target on NICE from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Citigroup dropped their price target on NICE from $214.00 to $211.00 and set a “buy” rating for the company in a research report on Monday. Finally, Wedbush reiterated an “outperform” rating and set a $200.00 price target on shares of NICE in a research report on Friday, May 16th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, NICE presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.50.

NICE Stock Performance

Shares of NICE opened at $162.02 on Wednesday. NICE has a one year low of $137.19 and a one year high of $200.65. The stock has a market capitalization of $10.25 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 1.07 and a beta of 1.03. The stock has a 50 day moving average price of $155.37 and a 200 day moving average price of $165.06.

Institutional Trading of NICE

Several large investors have recently added to or reduced their stakes in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in NICE by 218.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 908,014 shares of the technology company’s stock valued at $139,989,000 after buying an additional 623,014 shares in the last quarter. Woodline Partners LP grew its holdings in NICE by 18.7% in the 1st quarter. Woodline Partners LP now owns 20,140 shares of the technology company’s stock valued at $3,105,000 after buying an additional 3,178 shares in the last quarter. Empowered Funds LLC purchased a new stake in NICE in the 1st quarter valued at $892,000. Goldman Sachs Group Inc. grew its holdings in NICE by 81.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 229,813 shares of the technology company’s stock valued at $35,430,000 after buying an additional 103,342 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in NICE in the 1st quarter valued at $9,472,000. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

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.