NICE (NASDAQ:NICE) Research Coverage Started at Rosenblatt Securities

Analysts at Rosenblatt Securities began coverage on shares of NICE (NASDAQ:NICE) in a report issued on Tuesday, Briefing.com reports. The firm set a “buy” rating and a $285.00 price target on the technology company’s stock. Rosenblatt Securities’ price objective indicates a potential upside of 26.99% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Northland Securities assumed 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. Oppenheimer upped their target price on shares of NICE from $225.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. DA Davidson raised shares of NICE from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $250.00 to $300.00 in a research note on Wednesday, March 13th. JMP Securities reaffirmed a “market outperform” rating and set a $343.00 price objective on shares of NICE in a research note on Friday, February 23rd. Finally, Wedbush upped their price objective on shares of NICE from $230.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Thirteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $291.00.

NICE Stock Up 0.1 %

Shares of NICE opened at $224.42 on Tuesday. The firm has a market capitalization of $14.11 billion, a P/E ratio of 44.09, a P/E/G ratio of 2.02 and a beta of 1.02. The company has a 50-day simple moving average of $241.18 and a 200-day simple moving average of $208.51. NICE has a 52 week low of $149.54 and a 52 week high of $270.73. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.06 and a current ratio of 2.06.

NICE (NASDAQ:NICE) last posted its earnings results on Thursday, February 22nd. The technology company reported $2.36 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.10. The business had revenue of $623.20 million for the quarter, compared to analysts’ expectations of $616.83 million. NICE had a net margin of 14.23% and a return on equity of 13.29%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.40 earnings per share. On average, equities research analysts expect that NICE will post 8.21 earnings per share for the current year.

Institutional Trading of NICE

Several hedge funds have recently modified their holdings of NICE. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of NICE by 171.2% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,434,450 shares of the technology company’s stock valued at $286,564,000 after purchasing an additional 905,612 shares during the last quarter. Boston Partners bought a new stake in shares of NICE during the fourth quarter valued at approximately $176,206,000. Point72 Asset Management L.P. grew its stake in shares of NICE by 1,340.2% during the fourth quarter. Point72 Asset Management L.P. now owns 467,231 shares of the technology company’s stock valued at $93,217,000 after purchasing an additional 434,789 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of NICE by 44,660.0% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 388,069 shares of the technology company’s stock valued at $65,970,000 after purchasing an additional 387,202 shares during the last quarter. Finally, Capital International Investors lifted its holdings in NICE by 16.2% in the fourth quarter. Capital International Investors now owns 2,135,753 shares of the technology company’s stock valued at $426,402,000 after buying an additional 298,112 shares during the period. 63.34% of the stock is owned by 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.