NICE (NASDAQ: NICE – Get a Note) had its target price reduced by research analysts at Jefferies Financial Group from $260.00 to $225.00 in a research report released Thursday to clients and investors, reports The Fly. Jefferies Financial Group’s price target indicates a potential upside of 10.91% from the current stock price.
Other research analysts have also released reports on the stock. StockNews.com launched coverage on NICE stocks in a research note on Thursday, March 31. They set a “buy” rating on the stock. Morgan Stanley lowered its price target on NICE shares from $315.00 to $260.00 and set an “equal weight” rating on the stock in a Tuesday, Feb. 22 research note. TheStreet downgraded NICE shares from a ‘b’ rating to a ‘c+’ rating in a Monday, March 7 research note. Citigroup lowered its price target on NICE shares from $314.00 to $306.00 in a Friday, February 18 research note. Finally, Zacks Investment Research upgraded NICE shares from a “sell” rating to a “hold” rating in a Wednesday, April 20 research note. Three investment analysts gave the stock a hold rating and six gave the company a buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $279.63.
NICE shares opened at $202.86 on Thursday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt ratio of 0.15. NICE has a 1-year low of $179.13 and a 1-year high of $319.88. The company’s fifty-day moving average price is $211.41 and its two-hundred-day moving average price is $252.31. The company has a market capitalization of $12.88 billion, a P/E ratio of 69.71, a PEG ratio of 2.39 and a beta of 0.85.
NICE (NASDAQ:NICE – Get Rating) last released its quarterly results on Thursday, February 17. The tech company reported earnings per share (EPS) of $1.14 for the quarter, missing the consensus estimate of $1.30 per ($0.16). NICE had a net margin of 10.19% and a return on equity of 11.49%. The company posted revenue of $515.50 million in the quarter, against analyst estimates of $495.66 million. In the same quarter a year earlier, the firm posted earnings of $1.25 per share. The company’s quarterly revenue increased 17.6% year over year. As a group, equity research analysts expect NICE to post EPS of 5.44 for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of NICE. Capital Research Global Investors increased its stake in NICE by 1.5% in the fourth quarter. Capital Research Global Investors now owns 7,221,375 shares of the technology company valued at $2,192,460,000 after acquiring an additional 106,751 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in NICE shares by 3.4% in the 3rd quarter. Artisan Partners Limited Partnership now owns 4,230,680 shares of the technology company valued at $1,201,682,000 after purchasing an additional 138,903 shares in the last quarter. BlackRock Inc. increased its stake in NICE shares by 49.5% in the 4th quarter. BlackRock Inc. now owns 2,526,439 shares of the technology company valued at $767,027,000 after buying 836,616 additional shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in NICE stock by 1.4% in Q1. Massachusetts Financial Services Co. MA now owns 2,396,896 shares of the technology company valued at $524,921,000 after buying 32,123 additional shares in the last quarter. Finally, Capital International Investors increased its stake in NICE shares by 12.2% in the 4th quarter. Capital International Investors now owns 1,595,672 shares of the technology company valued at $484,949,000 after purchasing an additional 173,064 shares in the last quarter. 70.48% of the shares are held by hedge funds and other institutional investors.
About NICE (Get an evaluation)
NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-powered digital business solutions worldwide. It offers CXone, a cloud-native open platform that supports contact centers ranging from small single sites to distributed remote agents and enterprises; Enlighten, an AI engine for CX that uncovers automation opportunities for self-service; digital entry point solutions that enable organizations to meet consumer needs; and journey orchestration solutions that enable organizations to connect and route customers to process the customer’s request, and connect them using real-time AI-based routing.
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