NICE’s (NICE) Outperform Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of NICE (NASDAQ:NICE) in a research note issued to investors on Friday morning,Benzinga reports. They currently have a $200.00 price objective on the technology company’s stock.

A number of other research firms have also recently weighed in on NICE. Barclays decreased their price target on NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a report on Friday, February 21st. Wedbush restated an “outperform” rating and issued a $200.00 price target on shares of NICE in a report on Friday. Cantor Fitzgerald restated a “neutral” rating and issued a $161.00 price target on shares of NICE in a report on Friday. Rosenblatt Securities upped their price target on NICE from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Friday. Finally, Morgan Stanley decreased their price target on NICE from $235.00 to $202.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $212.92.

NICE Stock Performance

Shares of NASDAQ:NICE opened at $163.43 on Friday. NICE has a 1 year low of $137.19 and a 1 year high of $202.36. The stock has a market capitalization of $10.34 billion, a P/E ratio of 24.18, a PEG ratio of 1.07 and a beta of 1.03. The stock has a 50-day simple moving average of $153.97 and a 200-day simple moving average of $165.10.

NICE (NASDAQ:NICE) last issued its earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share (EPS) 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 firm had revenue of $721.60 million for the quarter, compared to analysts’ expectations of $718.47 million. Analysts predict that NICE will post 9.85 earnings per share for the current year.

Hedge Funds Weigh In On NICE

Institutional investors have recently made changes to their positions in the business. Avion Wealth acquired a new position in shares of NICE in the 4th quarter valued at approximately $25,000. Tradewinds Capital Management LLC acquired a new position in shares of NICE in the 4th quarter valued at approximately $25,000. Anchor Investment Management LLC raised its position in shares of NICE by 200.0% in the 4th quarter. Anchor Investment Management LLC now owns 150 shares of the technology company’s stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. Park Square Financial Group LLC acquired a new position in shares of NICE in the 4th quarter valued at approximately $25,000. Finally, McIlrath & Eck LLC raised its position in shares of NICE by 56.9% in the 4th quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock valued at $27,000 after purchasing an additional 58 shares in the last quarter. 63.34% of the stock is owned by institutional investors and hedge funds.

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.