NICE (NASDAQ:NICE) Earns Neutral Rating from Piper Sandler

NICE (NASDAQ:NICE)‘s stock had its “neutral” rating restated by analysts at Piper Sandler in a research note issued to investors on Thursday.

Several other analysts have also issued reports on NICE. JMP Securities reiterated a “market outperform” rating and set a $300.00 price objective on shares of NICE in a report on Friday, August 16th. Citigroup lifted their price target on NICE from $330.00 to $334.00 and gave the company a “buy” rating in a report on Wednesday. Barclays dropped their price objective on NICE from $320.00 to $286.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 target price on shares of NICE in a research note on Tuesday, August 13th. Finally, Wedbush restated an “outperform” rating and set a $250.00 price target on shares of NICE in a research note on Friday, August 16th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $268.79.

NICE Stock Down 9.7 %

Shares of NICE traded down $19.39 during trading hours on Thursday, reaching $179.78. The company’s stock had a trading volume of 1,970,534 shares, compared to its average volume of 516,960. The company has a 50 day moving average of $172.27 and a two-hundred day moving average of $178.68. 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 firm has a market cap of $11.30 billion, a price-to-earnings ratio of 29.71, a P/E/G ratio of 1.56 and a beta of 1.04. NICE has a 1-year low of $151.52 and a 1-year high of $270.73.

NICE (NASDAQ:NICE) last released its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.06. The firm had revenue of $664.40 million for the quarter, compared to analyst estimates of $664.10 million. NICE had a net margin of 15.55% and a return on equity of 14.68%. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.63 EPS. As a group, research analysts predict that NICE will post 8.5 EPS for the current fiscal year.

Hedge Funds Weigh In On NICE

Institutional investors and hedge funds have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. grew its position in NICE by 4.8% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,408 shares of the technology company’s stock worth $367,000 after purchasing an additional 65 shares during the last quarter. Aurora Investment Counsel lifted its position in shares of NICE by 0.7% in the 2nd quarter. Aurora Investment Counsel now owns 10,906 shares of the technology company’s stock worth $1,876,000 after acquiring an additional 80 shares during the period. Financial Perspectives Inc grew its holdings in shares of NICE by 17.8% during the 2nd quarter. Financial Perspectives Inc now owns 569 shares of the technology company’s stock worth $98,000 after purchasing an additional 86 shares in the last quarter. Mendota Financial Group LLC increased its holdings in NICE by 11.4% in the 3rd quarter. Mendota Financial Group LLC now owns 841 shares of the technology company’s stock valued at $146,000 after buying an additional 86 shares during the period. Finally, Legacy Advisors LLC increased its stake in NICE by 1.3% in the second quarter. Legacy Advisors LLC now owns 6,678 shares of the technology company’s stock valued at $1,148,000 after acquiring an additional 88 shares during the period. Institutional investors own 63.34% of the company’s stock.

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.