NICE Ltd. (NASDAQ:NICE) Receives $231.64 Consensus Target Price from Analysts

NICE Ltd. (NASDAQ:NICE) has received an average rating of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $231.64.

NICE has been the subject of a number of research analyst reports. Jefferies Financial Group reissued a “hold” rating and issued a $200.00 target price (down from $215.00) on shares of NICE in a research report on Thursday, December 19th. Royal Bank of Canada decreased their target price on NICE from $260.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. Rosenblatt Securities decreased their target price on NICE from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, February 21st. StockNews.com downgraded NICE from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 17th. Finally, Cantor Fitzgerald reduced their price objective on NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a research note on Friday, February 21st.

Institutional Investors Weigh In On NICE

Large investors have recently bought and sold shares of the stock. Avion Wealth acquired a new stake in NICE during the 4th quarter valued at $25,000. Tradewinds Capital Management LLC acquired a new stake in shares of NICE during the fourth quarter worth $25,000. Anchor Investment Management LLC boosted its holdings in shares of NICE by 200.0% during the fourth quarter. Anchor Investment Management LLC now owns 150 shares of the technology company’s stock worth $25,000 after purchasing an additional 100 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in shares of NICE during the fourth quarter worth $25,000. Finally, McIlrath & Eck LLC boosted its holdings in shares of NICE by 56.9% during the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock worth $27,000 after purchasing an additional 58 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

NICE Price Performance

Shares of NASDAQ NICE opened at $144.61 on Monday. The stock’s 50-day moving average is $161.13 and its two-hundred day moving average is $170.12. The company has a market cap of $9.09 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 1.07 and a beta of 1.12. NICE has a 1-year low of $137.19 and a 1-year high of $270.73.

NICE (NASDAQ:NICE) last released its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.96 by ($0.71). The business had revenue of $721.60 million for the quarter, compared to analyst estimates of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. Equities research analysts anticipate that NICE will post 9.85 earnings per share for the current fiscal year.

About NICE

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.