NICE (NASDAQ:NICE) Given New $225.00 Price Target at Rosenblatt Securities

NICE (NASDAQ:NICE) had its target price decreased by Rosenblatt Securities from $285.00 to $225.00 in a research report sent to investors on Wednesday morning, Benzinga reports. Rosenblatt Securities currently has a buy rating on the technology company’s stock.

A number of other equities analysts have also recently issued reports on the company. Barclays raised their target price on NICE from $283.00 to $320.00 and gave the stock an overweight rating in a report on Friday, February 23rd. Oppenheimer lifted their price objective on NICE from $225.00 to $300.00 and gave the company an outperform rating in a report on Friday, February 23rd. DA Davidson upgraded NICE from a neutral rating to a buy rating and lifted their price objective for the company from $250.00 to $300.00 in a report on Wednesday, March 13th. Jefferies Financial Group cut their price objective on NICE from $280.00 to $230.00 and set a buy rating on the stock in a report on Friday, May 17th. Finally, JMP Securities reiterated a market outperform rating and set a $343.00 price objective on shares of NICE in a report on Wednesday, May 15th. Fourteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Buy and an average target price of $274.69.

NICE Price Performance

Shares of NICE opened at $174.18 on Wednesday. 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 1 year low of $149.54 and a 1 year high of $270.73. The stock has a market cap of $10.95 billion, a P/E ratio of 31.44, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03. The stock’s 50-day moving average price is $212.88 and its two-hundred day moving average price is $217.24.

NICE (NASDAQ:NICE) last issued its earnings results on Thursday, May 16th. The technology company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.13. NICE had a return on equity of 14.05% and a net margin of 14.92%. The firm had revenue of $659.31 million for the quarter, compared to analysts’ expectations of $654.81 million. On average, equities analysts predict that NICE will post 8.4 earnings per share for the current year.

Institutional Investors Weigh In On NICE

Several large investors have recently made changes to their positions in NICE. GAMMA Investing LLC acquired a new stake in shares of NICE in the 4th quarter valued at approximately $25,000. Lindbrook Capital LLC boosted its holdings in shares of NICE by 88.9% in the 4th 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 last quarter. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of NICE in the 4th quarter valued at approximately $29,000. Cary Street Partners Investment Advisory LLC bought a new stake in NICE in the 3rd quarter valued at $37,000. Finally, Richardson Financial Services Inc. bought a new stake in NICE in 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.