NICE (NASDAQ:NICE) Research Coverage Started at Rosenblatt Securities

Rosenblatt Securities initiated coverage on shares of NICE (NASDAQ:NICE) in a research report report published on Tuesday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $285.00 target price on the technology company’s stock.

Several other equities research analysts also recently weighed in on NICE. Royal Bank of Canada raised their price target on shares of NICE from $238.00 to $285.00 and gave the company an outperform rating in a research report on Friday, February 23rd. Barclays boosted their price objective on shares of NICE from $283.00 to $320.00 and gave the company an overweight rating in a research report on Friday, February 23rd. TheStreet raised shares of NICE from a c+ rating to a b- rating in a research report on Tuesday, February 6th. DA Davidson raised shares of NICE from a neutral rating to a buy rating and boosted their price objective for the company from $250.00 to $300.00 in a research report on Wednesday, March 13th. Finally, Oppenheimer lifted their target price on shares of NICE from $225.00 to $300.00 and gave the company an outperform rating in a research note on Friday, February 23rd. Thirteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of Buy and a consensus target price of $291.00.

NICE Price Performance

NICE stock opened at $227.00 on Tuesday. The firm has a 50 day moving average price of $241.51 and a 200-day moving average price of $209.07. NICE has a 52-week low of $149.54 and a 52-week high of $270.73. The firm has a market capitalization of $14.27 billion, a price-to-earnings ratio of 44.60, a PEG ratio of 2.07 and a beta of 1.02. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.06 and a current ratio of 2.06.

NICE (NASDAQ:NICE) last released its earnings results on Thursday, February 22nd. The technology company reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.10. NICE had a net margin of 14.23% and a return on equity of 13.29%. The firm had revenue of $623.20 million during the quarter, compared to analyst estimates of $616.83 million. During the same period last year, the business earned $1.40 earnings per share. The business’s revenue was up 9.6% on a year-over-year basis. Equities research analysts forecast that NICE will post 8.21 EPS for the current fiscal year.

Institutional Trading of NICE

Hedge funds have recently bought and sold shares of the stock. TimesSquare Capital Management LLC lifted its stake in NICE by 2.5% in the 3rd quarter. TimesSquare Capital Management LLC now owns 369,928 shares of the technology company’s stock worth $62,888,000 after purchasing an additional 9,053 shares in the last quarter. Shelton Capital Management increased its holdings in shares of NICE by 274.5% in the 3rd quarter. Shelton Capital Management now owns 6,685 shares of the technology company’s stock worth $1,136,000 after buying an additional 4,900 shares during the last quarter. Altshuler Shaham Ltd increased its holdings in shares of NICE by 60.0% in the 3rd quarter. Altshuler Shaham Ltd now owns 8,722 shares of the technology company’s stock worth $1,471,000 after buying an additional 3,270 shares during the last quarter. Avior Wealth Management LLC increased its holdings in shares of NICE by 26.0% in the 4th quarter. Avior Wealth Management LLC now owns 2,464 shares of the technology company’s stock worth $492,000 after buying an additional 509 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of NICE by 4.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 5,018 shares of the technology company’s stock worth $853,000 after buying an additional 228 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

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.