NICE Ltd. (NASDAQ:NICE) Receives $269.64 Consensus Price Target from Analysts

Shares of NICE Ltd. (NASDAQ:NICE) have been given a consensus recommendation of “Buy” by the fifteen brokerages that are covering the stock, Marketbeat.com reports. Fifteen investment analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have issued a report on the stock in the last year is $269.64.

NICE has been the subject of a number of analyst reports. Barclays decreased their price target on NICE from $320.00 to $286.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Northland Securities cut their price target on NICE from $305.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, August 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $260.00 price target on shares of NICE in a research report on Thursday, October 3rd. Wedbush restated an “outperform” rating and issued a $250.00 price objective on shares of NICE in a research report on Friday, August 16th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 target price on shares of NICE in a research note on Tuesday, August 13th.

NICE Stock Performance

NICE stock opened at $171.09 on Friday. The company has a market capitalization of $10.76 billion, a P/E ratio of 30.88, a PEG ratio of 1.34 and a beta of 1.05. NICE has a 1-year low of $149.54 and a 1-year high of $270.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.45 and a quick ratio of 2.45. The business has a 50-day moving average price of $168.68 and a 200 day moving average price of $187.88.

NICE (NASDAQ:NICE) last released its quarterly earnings results on Thursday, August 15th. The technology company reported $2.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.06. The business had revenue of $664.40 million for the quarter, compared to analysts’ expectations of $664.10 million. NICE had a net margin of 15.55% and a return on equity of 14.68%. The company’s revenue was up 14.3% compared to the same quarter last year. During the same period last year, the business earned $1.63 EPS. As a group, equities research analysts forecast that NICE will post 8.5 EPS for the current fiscal year.

Hedge Funds Weigh In On NICE

Several institutional investors and hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of NICE by 135.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock valued at $32,000 after purchasing an additional 107 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in NICE during the third quarter worth about $38,000. Richardson Financial Services Inc. purchased a new stake in shares of NICE in the 1st quarter valued at approximately $39,000. GAMMA Investing LLC lifted its holdings in shares of NICE by 89.9% in the 3rd quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock worth $43,000 after acquiring an additional 116 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in shares of NICE by 72.4% during the 1st quarter. UMB Bank n.a. now owns 219 shares of the technology company’s stock worth $57,000 after purchasing an additional 92 shares during the period. 63.34% of the stock is currently owned by institutional investors and hedge funds.

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.