A number of other research firms have also issued reports on NICE. JMP Securities raised their price target on shares of Nice from $164.00 to $185.00 and gave the stock a market outperform rating in a research report on Friday, August 9th. Morgan Stanley set a $140.00 target price on shares of Nice and gave the company a hold rating in a report on Friday, August 9th. Wedbush reaffirmed a buy rating and set a $160.00 target price on shares of Nice in a report on Thursday, May 16th. Rosenblatt Securities started coverage on shares of Nice in a report on Wednesday, September 4th. They set a buy rating and a $187.00 target price for the company. Finally, Zacks Investment Research raised shares of Nice from a hold rating to a buy rating and set a $171.00 target price for the company in a report on Friday, September 6th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $153.92.
Shares of Nice stock opened at $148.11 on Friday. The firm has a market capitalization of $9.22 billion, a P/E ratio of 38.47, a PEG ratio of 3.01 and a beta of 0.76. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.27. The company has a 50 day moving average price of $151.82 and a 200 day moving average price of $138.00. Nice has a 52 week low of $100.54 and a 52 week high of $155.76.
Nice (NASDAQ:NICE) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $1.02 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.02. Nice had a net margin of 11.85% and a return on equity of 12.09%. The firm had revenue of $381.40 million during the quarter, compared to analyst estimates of $378.80 million. During the same period last year, the firm posted $1.06 EPS. Nice’s revenue was up 11.0% on a year-over-year basis. As a group, research analysts anticipate that Nice will post 4.42 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in NICE. Nkcfo LLC acquired a new stake in Nice in the 2nd quarter valued at $31,000. Pacer Advisors Inc. acquired a new stake in Nice in the 2nd quarter valued at $32,000. Sonora Investment Management LLC acquired a new stake in Nice in the 2nd quarter valued at $34,000. Pinnacle Bank grew its stake in Nice by 44.5% in the 2nd quarter. Pinnacle Bank now owns 315 shares of the technology company’s stock valued at $43,000 after acquiring an additional 97 shares during the period. Finally, Zions Bancorporation N.A. acquired a new stake in Nice in the 1st quarter valued at $53,000. 48.02% of the stock is currently owned by hedge funds and other institutional investors.
Nice Company Profile
NICE Ltd. provides enterprise software solutions worldwide. The company operates in two segments, Customer Engagement, and Financial Crime and Compliance. The Customer Engagement segment offers platform and solutions that empower businesses to deliver consistent and personalized experience across the customer journey, and optimize business performance and ensure compliance.
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