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

Royal Bank of Canada reiterated their outperform rating on shares of NICE (NASDAQ:NICE) in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a $260.00 price target on the technology company’s stock.

A number of other brokerages have also issued reports on NICE. Oppenheimer lowered shares of NICE from an “outperform” rating to a “market perform” rating in a research report on Friday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $225.00 price objective on shares of NICE in a report on Tuesday, August 13th. JMP Securities reissued a “market outperform” rating and set a $300.00 target price on shares of NICE in a report on Friday, August 16th. Citigroup boosted their price target on NICE from $330.00 to $334.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Piper Sandler reiterated a “neutral” rating on shares of NICE in a research note on Thursday. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $260.57.

NICE Stock Performance

NICE opened at $172.62 on Friday. 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 market capitalization of $10.85 billion, a PE ratio of 26.72, a price-to-earnings-growth ratio of 1.40 and a beta of 1.04. The business has a fifty day simple moving average of $172.93 and a 200 day simple moving average of $177.72. NICE has a 1 year low of $151.52 and a 1 year high of $270.73.

NICE (NASDAQ:NICE) last released its quarterly earnings results on Thursday, August 15th. The technology company reported $2.64 EPS for the quarter, beating the consensus estimate of $2.58 by $0.06. NICE had a net margin of 16.11% and a return on equity of 15.48%. The business had revenue of $664.40 million for the quarter, compared to the consensus estimate of $664.10 million. During the same period in the prior year, the company posted $1.63 earnings per share. NICE’s revenue was up 14.3% compared to the same quarter last year. Research analysts expect that NICE will post 8.58 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Creative Financial Designs Inc. ADV raised its position in NICE by 208.3% in the third 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 last quarter. Allspring Global Investments Holdings LLC raised its holdings in 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 buying an additional 107 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in NICE during the 3rd quarter worth approximately $38,000. GAMMA Investing LLC boosted its position in 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 buying an additional 116 shares during the period. Finally, Rothschild Investment LLC bought a new stake in NICE during the 2nd quarter worth approximately $72,000. 63.34% of the stock is currently owned by institutional investors.

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.