Analysts Set NICE Ltd. (NASDAQ:NICE) Price Target at $231.64

Shares of NICE Ltd. (NASDAQ:NICE) have been given a consensus rating of “Moderate Buy” by the sixteen brokerages that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $231.64.

NICE has been the subject of a number of research reports. Northland Securities decreased their price objective on NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, November 15th. StockNews.com lowered shares of NICE from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 17th. Cantor Fitzgerald lowered their price target on shares of NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Oppenheimer cut shares of NICE from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Finally, Rosenblatt Securities lowered their target price on shares of NICE from $225.00 to $200.00 and set a “buy” rating for the company in a report on Friday, February 21st.

Institutional Trading of NICE

Several institutional investors have recently added to or reduced their stakes in NICE. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of NICE during the fourth quarter valued at $313,808,000. FIL Ltd bought a new position in NICE during the 4th quarter valued at about $70,465,000. New South Capital Management Inc. purchased a new stake in shares of NICE during the 4th quarter valued at about $54,980,000. Deutsche Bank AG boosted its holdings in shares of NICE by 95.7% during the 4th quarter. Deutsche Bank AG now owns 606,341 shares of the technology company’s stock valued at $102,981,000 after acquiring an additional 296,514 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of NICE by 21.6% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company’s stock worth $273,642,000 after acquiring an additional 279,375 shares during the period. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

NICE Trading Down 2.1 %

Shares of NICE opened at $140.59 on Monday. NICE has a 1-year low of $137.19 and a 1-year high of $270.73. The firm has a market capitalization of $8.84 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 1.07 and a beta of 1.12. The firm’s 50-day moving average price is $162.20 and its 200-day moving average price is $170.68.

NICE (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 earnings per share for the quarter, missing the consensus estimate of $2.96 by ($0.71). NICE had a net margin of 16.18% and a return on equity of 16.17%. The firm had revenue of $721.60 million for the quarter, compared to the consensus estimate of $718.47 million. On average, research analysts forecast that NICE will post 9.85 EPS for the current fiscal year.

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.