NICE Ltd. (NASDAQ:NICE) Given Consensus Recommendation of “Buy” by Analysts

NICE Ltd. (NASDAQ:NICE) has been assigned a consensus recommendation of “Buy” from the eleven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $291.55.

A number of equities analysts recently issued reports on NICE shares. JMP Securities reaffirmed a “market outperform” rating and set a $343.00 target price on shares of NICE in a research report on Friday, February 23rd. Citigroup boosted their target price on shares of NICE from $283.00 to $334.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. DA Davidson raised shares of NICE from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $250.00 to $300.00 in a research report on Wednesday, March 13th. Royal Bank of Canada boosted their target price on shares of NICE from $238.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Finally, Mizuho boosted their price target on shares of NICE from $244.00 to $300.00 and gave the company a “buy” rating in a report on Friday, February 23rd.

Institutional Investors Weigh In On NICE

Several large investors have recently made changes to their positions in the company. Spire Wealth Management grew its holdings in shares of NICE by 7.5% in the 4th quarter. Spire Wealth Management now owns 728 shares of the technology company’s stock worth $154,000 after purchasing an additional 51 shares during the last quarter. Legal & General Group Plc grew its holdings in NICE by 0.3% during the 2nd quarter. Legal & General Group Plc now owns 14,955 shares of the technology company’s stock worth $2,878,000 after acquiring an additional 51 shares during the last quarter. Pacer Advisors Inc. grew its holdings in NICE by 11.1% during the 4th quarter. Pacer Advisors Inc. now owns 602 shares of the technology company’s stock worth $120,000 after acquiring an additional 60 shares during the last quarter. Loomis Sayles & Co. L P grew its holdings in NICE by 25.2% during the 1st quarter. Loomis Sayles & Co. L P now owns 298 shares of the technology company’s stock worth $65,000 after acquiring an additional 60 shares during the last quarter. Finally, Lindbrook Capital LLC grew its holdings in NICE by 88.9% during the 4th quarter. Lindbrook Capital LLC now owns 136 shares of the technology company’s stock worth $27,000 after acquiring an additional 64 shares during the last quarter. Institutional investors own 63.34% of the company’s stock.

NICE Trading Up 0.2 %

NASDAQ:NICE opened at $230.95 on Friday. NICE has a 12 month low of $149.54 and a 12 month high of $270.73. The firm has a market cap of $14.70 billion, a price-to-earnings ratio of 45.37, a P/E/G ratio of 2.08 and a beta of 1.02. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.14. The company’s 50 day moving average is $241.06 and its 200-day moving average is $207.21.

NICE (NASDAQ:NICE) last released its quarterly earnings results on Thursday, February 22nd. The technology company reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.10. NICE had a net margin of 14.23% and a return on equity of 13.29%. The company had revenue of $623.20 million for the quarter, compared to analyst estimates of $616.83 million. During the same quarter last year, the firm posted $1.40 earnings per share. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. Equities analysts anticipate that NICE will post 8.21 EPS for the current year.

NICE Company Profile

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.