NICE (NASDAQ:NICE) Lifted to “Buy” at StockNews.com

NICE (NASDAQ:NICE) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

Other analysts have also recently issued research reports about the stock. Oppenheimer boosted their target price on shares of NICE from $225.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Wedbush increased their target price on NICE from $230.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Bank of America cut their price target on NICE from $300.00 to $270.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. Rosenblatt Securities began coverage on NICE in a research note on Tuesday, April 23rd. They issued a “buy” rating and a $285.00 price objective for the company. Finally, Jefferies Financial Group cut their target price on shares of NICE from $280.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. Fifteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $285.92.

NICE Stock Down 0.2 %

Shares of NASDAQ NICE opened at $189.66 on Thursday. The company has a market cap of $11.92 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 1.63 and a beta of 1.04. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.13. NICE has a 12 month low of $149.54 and a 12 month high of $270.73. The stock has a 50-day moving average price of $231.18 and a two-hundred day moving average price of $217.19.

NICE (NASDAQ:NICE) last announced its quarterly earnings results on Thursday, February 22nd. The technology company reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.10. The company had revenue of $623.20 million for the quarter, compared to analyst estimates of $616.83 million. NICE had a net margin of 14.92% and a return on equity of 14.05%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.40 EPS. As a group, analysts forecast that NICE will post 8.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NICE

Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC bought a new position in shares of NICE in the 4th quarter worth about $25,000. Lindbrook Capital LLC lifted its stake in NICE by 88.9% in the fourth quarter. Lindbrook Capital LLC now owns 136 shares of the technology company’s stock valued at $27,000 after buying an additional 64 shares during the period. McGlone Suttner Wealth Management Inc. bought a new position in shares of NICE during the 4th quarter worth approximately $29,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of NICE in the 3rd quarter valued at $37,000. Finally, Richardson Financial Services Inc. acquired a new position in shares of NICE during the 1st quarter valued at $39,000. Institutional investors and hedge funds 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.