A number of other research firms also recently weighed in on NICE. Citigroup increased their target price on shares of Nice from $117.00 to $137.00 and gave the company a neutral rating in a research report on Friday, May 17th. Jefferies Financial Group increased their target price on shares of Nice to $166.00 and gave the company a buy rating in a research report on Thursday, May 16th. Morgan Stanley increased their target price on shares of Nice from $117.00 to $128.00 and gave the company an equal weight rating in a research report on Friday, May 17th. JMP Securities increased their target price on shares of Nice from $140.00 to $164.00 and gave the company a market outperform rating in a research report on Friday, May 17th. Finally, DA Davidson raised their price objective on shares of Nice to $140.00 and gave the stock a neutral rating in a report on Friday, May 17th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $145.25.
NICE stock traded down $0.38 during trading on Monday, reaching $138.32. The stock had a trading volume of 130,623 shares, compared to its average volume of 190,275. Nice has a one year low of $100.54 and a one year high of $146.89. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market capitalization of $8.50 billion, a price-to-earnings ratio of 35.93, a PEG ratio of 3.12 and a beta of 0.83.
Nice (NASDAQ:NICE) last released its earnings results on Thursday, May 16th. The technology company reported $1.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.27. Nice had a net margin of 11.63% and a return on equity of 10.83%. The firm had revenue of $377.00 million during the quarter, compared to the consensus estimate of $375.18 million. During the same period in the prior year, the firm earned $1.03 EPS. The company’s revenue was up 12.4% compared to the same quarter last year. On average, sell-side analysts forecast that Nice will post 4.39 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of NICE. Financial Gravity Wealth Inc. bought a new stake in Nice in the 1st quarter worth $26,000. Liberty Wealth Management LLC purchased a new position in Nice during the 4th quarter valued at about $27,000. Rockefeller Capital Management L.P. purchased a new position in Nice during the 1st quarter valued at about $35,000. Cresset Asset Management LLC purchased a new position in Nice during the 1st quarter valued at about $36,000. Finally, CWM LLC lifted its position in Nice by 261.5% during the 4th quarter. CWM LLC now owns 347 shares of the technology company’s stock valued at $38,000 after acquiring an additional 251 shares during the period. Hedge funds and other institutional investors own 45.93% of the company’s stock.
Nice Company Profile
NICE Ltd. provides enterprise software solutions worldwide. The company operates in two segments, Customer Engagement, and Financial Crime and Compliance. The Customer Engagement segment offers platform and solutions that empower businesses to deliver consistent and personalized experience across the customer journey, and optimize business performance and ensure compliance.
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