Shares of NICE Ltd. (NASDAQ:NICE - Get Free Report) have received an average rating of "Moderate Buy" from the sixteen ratings firms that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $231.64.
NICE has been the subject of a number of research reports. Barclays decreased their target price on NICE from $286.00 to $226.00 and set an "overweight" rating for the company in a report on Friday, February 21st. Rosenblatt Securities decreased their price objective on shares of NICE from $225.00 to $200.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 target price on shares of NICE in a research note on Wednesday, March 19th. Cantor Fitzgerald decreased their price target on shares of NICE from $176.00 to $161.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. Finally, Citigroup lowered their price target on NICE from $279.00 to $228.00 and set a "buy" rating for the company in a report on Monday, February 24th.
View Our Latest Research Report on NICE
Hedge Funds Weigh In On NICE
A number of institutional investors have recently made changes to their positions in NICE. Rhumbline Advisers increased its stake in shares of NICE by 4.1% in the first quarter. Rhumbline Advisers now owns 3,892 shares of the technology company's stock worth $600,000 after buying an additional 152 shares during the last quarter. Investors Research Corp grew its holdings in NICE by 39,666.7% during the 1st quarter. Investors Research Corp now owns 2,386 shares of the technology company's stock worth $368,000 after acquiring an additional 2,380 shares in the last quarter. Kopion Asset Management LLC grew its holdings in NICE by 29.8% during the 1st quarter. Kopion Asset Management LLC now owns 56,812 shares of the technology company's stock worth $8,759,000 after acquiring an additional 13,046 shares in the last quarter. BTC Capital Management Inc. increased its position in shares of NICE by 92.3% in the 1st quarter. BTC Capital Management Inc. now owns 8,416 shares of the technology company's stock worth $1,297,000 after purchasing an additional 4,040 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of NICE by 2,938.4% in the 1st quarter. GAMMA Investing LLC now owns 12,488 shares of the technology company's stock valued at $1,925,000 after purchasing an additional 12,077 shares in the last quarter. 63.34% of the stock is owned by institutional investors and hedge funds.
NICE Price Performance
NICE stock traded down $4.86 on Friday, hitting $142.24. 470,614 shares of the company were exchanged, compared to its average volume of 581,107. The stock has a market capitalization of $8.94 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 1.07 and a beta of 1.05. NICE has a twelve month low of $137.19 and a twelve month high of $244.80. The business's fifty day moving average is $156.45 and its two-hundred day moving average is $168.49.
NICE (NASDAQ:NICE - Get Free Report) last issued its earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share for the quarter, missing the consensus estimate of $2.96 by ($0.71). NICE had a return on equity of 16.17% and a net margin of 16.18%. The firm had revenue of $721.60 million during the quarter, compared to analysts' expectations of $718.47 million. Equities research analysts expect that NICE will post 9.85 earnings per share for the current year.
About NICE
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Get Free ReportNICE 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.
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