NICE’s (NICE) Outperform Rating Reiterated at Wedbush

Wedbush reissued their outperform rating on shares of NICE (NASDAQ:NICE) in a research note released on Friday morning, Benzinga reports. Wedbush currently has a $250.00 price objective on the technology company’s stock.

Several other analysts have also commented on NICE. StockNews.com lowered NICE from a strong-buy rating to a buy rating in a report on Friday, June 14th. Royal Bank of Canada upped their price objective on shares of NICE from $230.00 to $260.00 and gave the company an outperform rating in a report on Friday. DA Davidson reaffirmed a buy rating and issued a $300.00 price objective on shares of NICE in a research report on Wednesday, June 12th. Morgan Stanley dropped their target price on shares of NICE from $290.00 to $240.00 and set an overweight rating on the stock in a research report on Friday, June 14th. Finally, Barclays decreased their price target on shares of NICE from $320.00 to $286.00 and set an overweight rating for the company in a report on Thursday, July 25th. Sixteen research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of Buy and a consensus target price of $269.64.

NICE Trading Up 1.7 %

Shares of NASDAQ NICE opened at $177.30 on Friday. NICE has a 1-year low of $149.54 and a 1-year high of $270.73. The business has a fifty day moving average price of $171.75 and a 200 day moving average price of $206.70. The stock has a market capitalization of $11.15 billion, a P/E ratio of 32.00, a price-to-earnings-growth ratio of 1.44 and a beta of 1.04. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.43 and a quick ratio of 2.43.

NICE (NASDAQ:NICE) last released its quarterly earnings results on Thursday, August 15th. The technology company reported $2.64 EPS for the quarter, beating the consensus estimate of $2.58 by $0.06. NICE had a net margin of 14.92% and a return on equity of 14.05%. The business had revenue of $664.40 million during the quarter, compared to analyst estimates of $664.10 million. During the same period in the prior year, the firm posted $1.63 earnings per share. The company’s quarterly revenue was up 14.3% on a year-over-year basis. Equities research analysts expect that NICE will post 8.4 EPS for the current fiscal year.

Hedge Funds Weigh In On NICE

Several large investors have recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in shares of NICE in the fourth quarter worth about $4,697,000. Sequoia Financial Advisors LLC purchased a new position in NICE during the fourth quarter worth approximately $231,000. Cerity Partners LLC grew its holdings in NICE by 14.3% in the fourth quarter. Cerity Partners LLC now owns 4,460 shares of the technology company’s stock valued at $890,000 after purchasing an additional 557 shares during the period. NewEdge Wealth LLC purchased a new stake in shares of NICE in the fourth quarter valued at approximately $226,000. Finally, Vontobel Holding Ltd. raised its stake in shares of NICE by 4.3% during the 4th quarter. Vontobel Holding Ltd. now owns 1,887 shares of the technology company’s stock worth $376,000 after buying an additional 78 shares during the period. 63.34% of the stock is currently owned by institutional investors and hedge funds.

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.