Analysts Set NICE Ltd. (NASDAQ:NICE) Price Target at $269.64

Shares of NICE Ltd. (NASDAQ:NICE) have been assigned an average rating of “Buy” from the fifteen research firms that are presently covering the company, MarketBeat reports. Fifteen equities research analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $269.64.

A number of equities research analysts have recently commented on the company. Rosenblatt Securities reissued a “buy” rating and issued a $225.00 target price on shares of NICE in a research note on Tuesday, August 13th. JMP Securities reissued a “market outperform” rating and issued a $300.00 target price on shares of NICE in a research note on Friday, August 16th. Barclays cut their target price on NICE from $320.00 to $286.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Wedbush reissued an “outperform” rating and issued a $250.00 target price on shares of NICE in a research note on Friday, August 16th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $260.00 target price on shares of NICE in a research note on Thursday, October 3rd.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Sequoia Financial Advisors LLC lifted its holdings in NICE by 4.1% in the first quarter. Sequoia Financial Advisors LLC now owns 1,207 shares of the technology company’s stock valued at $315,000 after acquiring an additional 47 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in NICE by 4.8% in the first quarter. B. Riley Wealth Advisors Inc. now owns 1,408 shares of the technology company’s stock valued at $367,000 after acquiring an additional 65 shares during the period. Aurora Investment Counsel lifted its holdings in NICE by 0.7% in the second quarter. Aurora Investment Counsel now owns 10,906 shares of the technology company’s stock valued at $1,876,000 after acquiring an additional 80 shares during the period. Financial Perspectives Inc lifted its holdings in NICE by 17.8% in the second quarter. Financial Perspectives Inc now owns 569 shares of the technology company’s stock valued at $98,000 after acquiring an additional 86 shares during the period. Finally, Mendota Financial Group LLC raised its stake in shares of NICE by 11.4% in the third quarter. Mendota Financial Group LLC now owns 841 shares of the technology company’s stock worth $146,000 after buying an additional 86 shares during the period. Institutional investors own 63.34% of the company’s stock.

NICE Price Performance

Shares of NICE stock opened at $185.31 on Tuesday. The company has a market cap of $11.65 billion, a PE ratio of 30.94, a P/E/G ratio of 1.37 and a beta of 1.04. The business has a 50 day moving average of $170.37 and a 200 day moving average of $179.95. NICE has a 52 week low of $151.52 and a 52 week high of $270.73. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.13.

NICE (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, August 15th. The technology company reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.06. The company had revenue of $664.40 million for the quarter, compared to analysts’ expectations of $664.10 million. NICE had a return on equity of 14.68% and a net margin of 15.55%. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.63 earnings per share. As a group, equities research analysts forecast that NICE will post 8.5 earnings per share for the current year.

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.