Nice (NASDAQ:NICE) Given “Buy” Rating at Rosenblatt Securities

Nice (NASDAQ:NICE)‘s stock had its “buy” rating reiterated by equities research analysts at Rosenblatt Securities in a research note issued on Wednesday,Benzinga reports. They currently have a $190.00 price target on the technology company’s stock. Rosenblatt Securities’ price objective would suggest a potential upside of 14.62% from the company’s previous close.

A number of other analysts have also commented on the stock. DA Davidson upped their price objective on shares of Nice from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Cantor Fitzgerald restated a “neutral” rating and issued a $161.00 price target on shares of Nice in a research report on Friday, May 16th. Citigroup lowered their price objective on shares of Nice from $214.00 to $211.00 and set a “buy” rating on the stock in a research report on Monday, May 19th. Piper Sandler reissued a “neutral” rating and set a $182.00 target price (up from $153.00) on shares of Nice in a research note on Friday, June 13th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $300.00 target price on shares of Nice in a research report on Friday, May 16th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $208.92.

Nice Price Performance

Shares of NICE opened at $165.76 on Wednesday. Nice has a 12-month low of $137.19 and a 12-month high of $200.65. The firm’s 50 day moving average is $161.60 and its 200-day moving average is $163.47. The stock has a market capitalization of $10.48 billion, a P/E ratio of 23.12, a P/E/G ratio of 1.52 and a beta of 1.01.

Nice (NASDAQ:NICE) last announced its earnings results on Thursday, May 15th. The technology company reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.03. Nice had a return on equity of 16.37% and a net margin of 16.77%. The company had revenue of $700.19 million for the quarter, compared to analyst estimates of $699.46 million. During the same period in the previous year, the firm earned $2.58 earnings per share. Nice’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, equities research analysts forecast that Nice will post 9.85 EPS for the current fiscal year.

Institutional Trading of Nice

A number of hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp grew its holdings in shares of Nice by 1.4% during the 4th quarter. Van ECK Associates Corp now owns 22,073 shares of the technology company’s stock worth $3,749,000 after purchasing an additional 307 shares in the last quarter. Rhumbline Advisers lifted its position in Nice by 5.4% in the fourth quarter. Rhumbline Advisers now owns 3,740 shares of the technology company’s stock worth $635,000 after purchasing an additional 192 shares during the period. Principal Securities Inc. boosted its stake in Nice by 20.4% during the fourth quarter. Principal Securities Inc. now owns 6,160 shares of the technology company’s stock worth $1,046,000 after buying an additional 1,043 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in Nice by 329.9% in the 4th quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company’s stock valued at $948,000 after buying an additional 4,407 shares during the period. Finally, Truist Financial Corp increased its holdings in Nice by 15.2% in the 4th quarter. Truist Financial Corp now owns 4,335 shares of the technology company’s stock valued at $736,000 after buying an additional 571 shares during the period. 63.34% of the stock is owned by institutional investors.

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.