NICE’s (NICE) “Outperform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of NICE (NASDAQ:NICE) in a research note released on Wednesday,Benzinga reports. They currently have a $200.00 target price on the technology company’s stock.

NICE has been the topic of a number of other reports. Barclays dropped their price target 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. StockNews.com lowered NICE from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 17th. Citigroup reduced their price target on NICE from $279.00 to $228.00 and set a “buy” rating for the company in a report on Monday, February 24th. Cantor Fitzgerald reduced their target price on shares of NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Finally, Rosenblatt Securities dropped their price target on shares of NICE from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $231.64.

NICE Trading Up 1.8 %

NASDAQ:NICE opened at $156.78 on Wednesday. The company has a 50-day moving average of $159.84 and a 200-day moving average of $169.44. The firm has a market cap of $9.86 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 1.07 and a beta of 1.12. NICE has a twelve month low of $137.19 and a twelve month high of $270.73.

NICE (NASDAQ:NICE) last issued its earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share 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 business had revenue of $721.60 million for the quarter, compared to the consensus estimate of $718.47 million. On average, research analysts forecast that NICE will post 9.85 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Sanctuary Advisors LLC increased its holdings in NICE by 329.9% in the 4th quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company’s stock valued at $948,000 after buying an additional 4,407 shares during the period. Clear Creek Financial Management LLC increased its stake in NICE by 106.5% in the fourth quarter. Clear Creek Financial Management LLC now owns 4,303 shares of the technology company’s stock valued at $731,000 after acquiring an additional 2,219 shares during the period. Kopion Asset Management LLC bought a new stake in NICE in the fourth quarter valued at about $7,433,000. Ceera Investments LLC acquired a new position in NICE in the fourth quarter worth about $4,963,000. Finally, CCLA Investment Management lifted its stake in NICE by 14.1% during the fourth quarter. CCLA Investment Management now owns 704,494 shares of the technology company’s stock worth $119,517,000 after purchasing an additional 87,003 shares during the period. 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.