NICE (NASDAQ:NICE) Given “Outperform” Rating at Royal Bank of Canada

NICE (NASDAQ:NICE)‘s stock had its “outperform” rating reiterated by investment analysts at Royal Bank of Canada in a report released on Wednesday,Benzinga reports. They currently have a $200.00 price target on the technology company’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 29.87% from the stock’s current price.

A number of other research analysts also recently issued reports on the stock. Jefferies Financial Group restated a “hold” rating and set a $200.00 target price (down from $215.00) on shares of NICE in a research report on Thursday, December 19th. Cantor Fitzgerald cut their target price on shares of NICE from $176.00 to $161.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Rosenblatt Securities cut their target price on shares of NICE from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Barclays cut their target price on shares of NICE from $286.00 to $226.00 and set an “overweight” rating on the stock in a research report on Friday, February 21st. Finally, StockNews.com downgraded shares of NICE from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 17th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $231.64.

NICE Stock Up 1.3 %

Shares of NASDAQ:NICE opened at $154.00 on Wednesday. NICE has a 12 month low of $137.19 and a 12 month high of $270.73. The company’s 50-day moving average price is $159.93 and its two-hundred day moving average price is $169.56. The firm has a market cap of $9.68 billion, a P/E ratio of 22.78, a P/E/G ratio of 1.07 and a beta of 1.12.

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

Institutional Trading of NICE

Several hedge funds have recently bought and sold shares of the stock. Park Square Financial Group LLC acquired a new stake in NICE during the 4th quarter worth approximately $25,000. B. Riley Wealth Advisors Inc. raised its holdings in NICE by 8.3% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 2,058 shares of the technology company’s stock worth $350,000 after buying an additional 158 shares during the period. Q Global Advisors LLC acquired a new stake in NICE during the 4th quarter worth approximately $4,597,000. Formidable Asset Management LLC acquired a new stake in NICE during the 4th quarter worth approximately $682,000. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in NICE during the 4th quarter worth approximately $313,808,000. 63.34% of the stock is currently owned by institutional investors and hedge funds.

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.