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

Shares of NICE Ltd. (NASDAQ:NICE) have earned a consensus rating of “Buy” from the fifteen brokerages that are covering the stock, MarketBeat Ratings reports. Fifteen equities research analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $269.64.

Several equities research analysts have commented on NICE shares. Wedbush reissued an “outperform” rating and issued a $250.00 target price on shares of NICE in a report on Friday, August 16th. JMP Securities reaffirmed a “market outperform” rating and issued a $300.00 price target on shares of NICE in a research report on Friday, August 16th. Royal Bank of Canada reissued an “outperform” rating and set a $260.00 price objective on shares of NICE in a research report on Thursday, October 3rd. Barclays decreased their target price on shares of NICE from $320.00 to $286.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $225.00 price target on shares of NICE in a report on Tuesday, August 13th.

Institutional Trading of NICE

Hedge funds have recently bought and sold shares of the company. Creative Financial Designs Inc. ADV grew its stake in shares of NICE by 208.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock valued at $26,000 after purchasing an additional 100 shares during the period. Richardson Financial Services Inc. bought a new stake in NICE during the first quarter valued at approximately $39,000. Allspring Global Investments Holdings LLC increased its holdings in NICE by 135.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock valued at $32,000 after buying an additional 107 shares during the last quarter. ORG Wealth Partners LLC bought a new position in NICE in the third quarter worth approximately $38,000. Finally, GAMMA Investing LLC boosted its stake in shares of NICE by 89.9% during 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. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Stock Up 2.5 %

Shares of NICE stock opened at $189.99 on Tuesday. NICE has a 1 year low of $151.52 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 company has a 50-day moving average of $170.69 and a 200 day moving average of $179.37. The firm has a market cap of $11.94 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 1.42 and a beta of 1.04.

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

NICE Company Profile

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.