Wedbush restated their outperform rating on shares of Nice (NASDAQ:NICE – Free Report) in a report issued on Friday,Benzinga reports. The firm currently has a $200.00 price target on the technology company’s stock.
A number of other research analysts have also issued reports on NICE. Morgan Stanley lowered their target price on shares of Nice from $235.00 to $202.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Rosenblatt Securities reiterated a “buy” rating and issued a $190.00 target price on shares of Nice in a research note on Wednesday, June 18th. DA Davidson raised their target price on shares of Nice from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Piper Sandler reiterated a “neutral” rating and issued a $182.00 target price (up from $153.00) on shares of Nice in a research note on Friday, June 13th. Finally, Barclays lowered their target price on shares of Nice from $286.00 to $226.00 and set an “overweight” rating on the stock in a research note on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Nice presently has a consensus rating of “Moderate Buy” and a consensus price target of $209.75.
Check Out Our Latest Research Report on NICE
Nice Stock Down 1.6%
Nice (NASDAQ:NICE – Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The technology company reported $2.87 EPS for the quarter, topping the consensus estimate of $2.84 by $0.03. Nice had a net margin of 16.77% and a return on equity of 16.37%. The company had revenue of $700.19 million for the quarter, compared to analyst estimates of $699.46 million. During the same quarter in the prior year, the business posted $2.58 EPS. Nice’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, research analysts predict that Nice will post 9.85 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Nice
Hedge funds and other institutional investors have recently made changes to their positions in the business. Sanctuary Advisors LLC lifted its holdings in shares of Nice by 329.9% during the 4th quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company’s stock worth $948,000 after acquiring an additional 4,407 shares during the period. Heritage Family Offices LLP bought a new position in shares of Nice during the 1st quarter worth about $584,000. Ceera Investments LLC bought a new position in shares of Nice during the 4th quarter worth about $4,963,000. Haven Capital Group Inc. bought a new position in shares of Nice during the 4th quarter worth about $5,577,000. Finally, New South Capital Management Inc. bought a new position in shares of Nice during the 4th quarter worth about $54,980,000. 63.34% of the stock is owned by institutional investors.
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.
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