NiCE (NASDAQ:NICE) Stock Has Consensus Price Target of $131.71 According to Brokerages

NiCE (NASDAQ:NICE) has been given a consensus rating of “Moderate Buy” by the sixteen ratings firms that are currently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $129.79.

Several analysts have recently commented on NICE shares. Yorkville Ives started coverage on shares of NiCE in a research note on Monday, October 5th. They set an “in-line” rating and a $125.00 price target on the stock. Citizens Jmp lowered their price objective on NiCE from $170.00 to $158.00 and set a “market outperform” rating for the company in a research report on Thursday. Rosenblatt Securities reiterated a “buy” rating and issued a $130.00 price objective on shares of NiCE in a research report on Thursday, August 6th. Weiss Ratings upgraded shares of NiCE from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. Finally, DA Davidson upped their target price on shares of NiCE from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, August 6th.

Institutional Investors Weigh In On NiCE

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. grew its holdings in shares of NiCE by 1,637.6% during the first quarter. Principal Financial Group Inc. now owns 4,578,940 shares of the technology company’s stock valued at $504,874,000 after buying an additional 4,315,414 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in NiCE by 16.8% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,028,172 shares of the technology company’s stock valued at $113,366,000 after buying an additional 148,113 shares during the last quarter. Private Management Group Inc. raised its position in NiCE by 0.7% during the third quarter. Private Management Group Inc. now owns 368,464 shares of the technology company’s stock valued at $40,999,000 after purchasing an additional 2,485 shares in the last quarter. Kopernik Global Investors LLC purchased a new stake in NiCE during the 1st quarter valued at about $27,670,000. Finally, Sei Investments Co. boosted its stake in NiCE by 10.6% in the 1st quarter. Sei Investments Co. now owns 194,717 shares of the technology company’s stock worth $21,468,000 after purchasing an additional 18,631 shares during the period. 63.34% of the stock is currently owned by institutional investors and hedge funds.

NiCE Price Performance

NICE stock opened at $96.15 on Friday. The stock has a market cap of $5.62 billion, a price-to-earnings ratio of 15.56, a P/E/G ratio of 1.23 and a beta of 0.77. The company has a 50 day simple moving average of $110.72 and a 200 day simple moving average of $104.80. NiCE has a 1 year low of $83.10 and a 1 year high of $136.52.

NiCE (NASDAQ:NICE) last released its earnings results on Wednesday, November 4th. The technology company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.06. NiCE had a return on equity of 15.46% and a net margin of 13.86%. The company had revenue of $790.70 million for the quarter, compared to the consensus estimate of $785.75 million. During the same period in the previous year, the business earned $3.18 earnings per share. NiCE’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts anticipate that NiCE will post 8.60 EPS for the current fiscal year.

About NiCE

NICE Ltd. (NASDAQ: NICE) is a technology company that provides cloud-based software and artificial intelligence solutions for customer experience, employee engagement, and business operations. Its platforms help organizations manage customer interactions across voice, digital, and other communication channels while using analytics and automation to improve service and operational performance.

The company’s portfolio includes NICE CXone, a cloud customer experience platform that supports contact-center operations, workforce management, analytics, and digital engagement.