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

Shares of NICE Ltd. (NASDAQ:NICE) have been assigned a consensus recommendation of “Buy” from the fourteen analysts that are presently covering the firm, MarketBeat.com reports. Fourteen investment analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $276.62.

A number of research analysts recently issued reports on NICE shares. Citigroup raised their price target on NICE from $339.00 to $346.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Wedbush reaffirmed an “outperform” rating and issued a $250.00 target price on shares of NICE in a report on Wednesday, June 12th. DA Davidson reiterated a “buy” rating and set a $300.00 price target on shares of NICE in a research note on Wednesday, June 12th. Jefferies Financial Group lowered their price objective on shares of NICE from $280.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $300.00 target price on shares of NICE in a report on Wednesday, June 12th.

NICE Stock Up 0.6 %

Shares of NICE opened at $169.54 on Wednesday. The company’s 50-day simple moving average is $192.04 and its 200-day simple moving average is $214.06. The stock has a market capitalization of $10.66 billion, a PE ratio of 30.60, a P/E/G ratio of 1.40 and a beta of 1.05. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.43 and a current ratio of 2.43. NICE has a 1 year low of $149.54 and a 1 year high of $270.73.

NICE (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, May 16th. The technology company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.88 by $0.13. NICE had a net margin of 14.92% and a return on equity of 14.05%. The company had revenue of $659.31 million during the quarter, compared to analysts’ expectations of $654.81 million. Analysts forecast that NICE will post 8.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC lifted its position in shares of NICE by 8.1% during the 1st quarter. Global Retirement Partners LLC now owns 590 shares of the technology company’s stock valued at $154,000 after acquiring an additional 44 shares during the period. Sequoia Financial Advisors LLC boosted its position in NICE by 4.1% during the first quarter. Sequoia Financial Advisors LLC now owns 1,207 shares of the technology company’s stock worth $315,000 after purchasing an additional 47 shares in the last quarter. Spire Wealth Management grew its holdings in NICE by 7.5% in the fourth quarter. Spire Wealth Management now owns 728 shares of the technology company’s stock valued at $154,000 after purchasing an additional 51 shares during the last quarter. Pacer Advisors Inc. grew its holdings in NICE by 11.1% in the fourth quarter. Pacer Advisors Inc. now owns 602 shares of the technology company’s stock valued at $120,000 after purchasing an additional 60 shares during the last quarter. Finally, Lindbrook Capital LLC increased its position in shares of NICE by 46.3% in the first quarter. Lindbrook Capital LLC now owns 199 shares of the technology company’s stock valued at $52,000 after buying an additional 63 shares in the last quarter. Institutional investors and hedge funds 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.