NICE (NASDAQ:NICE) Receives Outperform Rating from Wedbush

NICE (NASDAQ:NICE)‘s stock had its “outperform” rating restated by equities research analysts at Wedbush in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $250.00 price target on the technology company’s stock. Wedbush’s target price would suggest a potential upside of 48.68% from the company’s previous close.

Other analysts have also issued reports about the stock. Jefferies Financial Group decreased their price target 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. StockNews.com upgraded shares of NICE from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 6th. Citigroup raised their price target on shares of NICE from $283.00 to $334.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Mizuho reduced their price objective on shares of NICE from $300.00 to $280.00 and set a “buy” rating for the company in a report on Friday, May 17th. Finally, Rosenblatt Securities reduced their price objective on shares of NICE from $285.00 to $225.00 and set a “buy” rating for the company in a report on Wednesday. Fifteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $275.08.

NICE Trading Down 3.5 %

Shares of NICE stock opened at $168.15 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 firm’s fifty day simple moving average is $211.33 and its 200 day simple moving average is $216.94. The firm has a market capitalization of $10.57 billion, a P/E ratio of 30.35, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03.

NICE (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, May 16th. The technology company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.13. The company had revenue of $659.31 million for the quarter, compared to analyst estimates of $654.81 million. NICE had a net margin of 14.92% and a return on equity of 14.05%. As a group, sell-side analysts predict that NICE will post 8.4 EPS for the current year.

Hedge Funds Weigh In On NICE

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new position in NICE during the 4th quarter valued at about $25,000. Lindbrook Capital LLC lifted its holdings in NICE by 88.9% during the 4th quarter. Lindbrook Capital LLC now owns 136 shares of the technology company’s stock valued at $27,000 after purchasing an additional 64 shares during the last quarter. McGlone Suttner Wealth Management Inc. bought a new position in NICE during the 4th quarter valued at about $29,000. Cary Street Partners Investment Advisory LLC bought a new position in NICE during the 3rd quarter valued at about $37,000. Finally, Richardson Financial Services Inc. bought a new position in NICE during the 1st quarter valued at about $39,000. 63.34% of the stock is owned by institutional investors.

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.