NICE (NASDAQ:NICE - Free Report) had its price objective decreased by DA Davidson from $200.00 to $180.00 in a research note issued to investors on Monday,Benzinga reports. DA Davidson currently has a buy rating on the technology company's stock. DA Davidson also issued estimates for NICE's Q1 2025 earnings at $2.23 EPS, FY2025 earnings at $9.53 EPS and FY2026 earnings at $9.90 EPS.
A number of other research firms have also recently issued reports on NICE. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price target on shares of NICE in a report on Wednesday, March 19th. Cantor Fitzgerald dropped their target price on shares of NICE from $176.00 to $161.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. Rosenblatt Securities decreased their price target on shares of NICE from $225.00 to $200.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Barclays dropped their price objective on shares of NICE from $286.00 to $226.00 and set an "overweight" rating for the company in a research report on Friday, February 21st. Finally, StockNews.com cut NICE from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 17th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, NICE currently has an average rating of "Moderate Buy" and an average target price of $225.71.
View Our Latest Stock Analysis on NICE
NICE Trading Down 0.6 %
NASDAQ:NICE traded down $0.93 during mid-day trading on Monday, hitting $149.75. 335,061 shares of the company's stock traded hands, compared to its average volume of 585,984. The firm has a 50 day moving average of $153.25 and a two-hundred day moving average of $167.40. The firm has a market capitalization of $9.41 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 1.07 and a beta of 1.05. NICE has a 12 month low of $137.19 and a 12 month high of $231.67.
NICE (NASDAQ:NICE - Get Free Report) last announced its earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.96 by ($0.71). The company had revenue of $721.60 million for the quarter, compared to the consensus estimate of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. As a group, equities research analysts expect that NICE will post 9.85 earnings per share for the current year.
Hedge Funds Weigh In On NICE
Several institutional investors and hedge funds have recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in NICE during the 4th quarter worth approximately $313,808,000. Boston Partners boosted its position in NICE by 10.0% during the fourth quarter. Boston Partners now owns 1,670,327 shares of the technology company's stock valued at $283,349,000 after purchasing an additional 151,528 shares during the last quarter. Menora Mivtachim Holdings LTD. increased its holdings in NICE by 2.3% during the fourth quarter. Menora Mivtachim Holdings LTD. now owns 1,660,037 shares of the technology company's stock worth $281,941,000 after buying an additional 36,865 shares during the last quarter. HMI Capital Management L.P. grew its position in shares of NICE by 12.8% in the 4th quarter. HMI Capital Management L.P. now owns 1,642,770 shares of the technology company's stock valued at $279,008,000 after acquiring an additional 186,600 shares during the period. Finally, CCLA Investment Management increased its stake in shares of NICE by 14.1% during the 4th quarter. CCLA Investment Management now owns 704,494 shares of the technology company's stock worth $119,517,000 after purchasing an additional 87,003 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company's stock.
About NICE
(
Get Free Report)
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.
Further Reading
Before you consider NICE, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NICE wasn't on the list.
While NICE currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
