Brokerages Set NICE Ltd. (NASDAQ:NICE) PT at $269.64

NICE Ltd. (NASDAQ:NICE) has earned an average rating of “Buy” from the fifteen research firms that are presently covering the company, MarketBeat.com reports. Fifteen investment analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $269.64.

Several equities research analysts recently weighed in on NICE shares. Piper Sandler reduced their target price on shares of NICE from $238.00 to $213.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. Wedbush reissued an “outperform” rating and set a $250.00 price objective on shares of NICE in a report on Friday, August 16th. Morgan Stanley cut their target price on NICE from $290.00 to $240.00 and set an “overweight” rating for the company in a research note on Friday, June 14th. Barclays decreased their price target on shares of NICE from $320.00 to $286.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $300.00 price objective on shares of NICE in a report on Friday, August 16th.

NICE Stock Performance

NICE opened at $164.89 on Monday. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average price is $171.96 and its two-hundred day moving average price is $196.15. The firm has a market capitalization of $10.37 billion, a P/E ratio of 29.76, a price-to-earnings-growth ratio of 1.31 and a beta of 1.04. NICE has a 12-month low of $149.54 and a 12-month high of $270.73.

NICE (NASDAQ:NICE) last announced its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.06. NICE had a net margin of 15.55% and a return on equity of 14.68%. The business had revenue of $664.40 million for the quarter, compared to the consensus estimate of $664.10 million. During the same quarter last year, the company posted $1.63 earnings per share. NICE’s quarterly revenue was up 14.3% on a year-over-year basis. On average, equities analysts forecast that NICE will post 8.5 earnings per share for the current year.

Institutional Trading of NICE

Several large investors have recently made changes to their positions in NICE. Principal Securities Inc. acquired a new position in NICE during the 4th quarter worth about $64,000. Envestnet Portfolio Solutions Inc. lifted its position in shares of NICE by 15.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,194 shares of the technology company’s stock worth $637,000 after purchasing an additional 421 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of NICE by 4.4% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 2,114 shares of the technology company’s stock valued at $422,000 after purchasing an additional 89 shares in the last quarter. Gladstone Institutional Advisory LLC acquired a new stake in shares of NICE in the fourth quarter valued at approximately $230,000. Finally, D.A. Davidson & CO. raised its position in NICE by 1.3% in the 4th quarter. D.A. Davidson & CO. now owns 7,118 shares of the technology company’s stock worth $1,420,000 after purchasing an additional 92 shares during the last quarter. Institutional investors own 63.34% of the company’s stock.

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.