Nice (NASDAQ:NICE) Receives $209.75 Average Price Target from Brokerages

Shares of Nice (NASDAQ:NICE) have earned an average recommendation of “Moderate Buy” from the thirteen analysts that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $209.75.

NICE has been the subject of several recent research reports. Piper Sandler restated a “neutral” rating and issued a $182.00 price objective (up from $153.00) on shares of Nice in a report on Friday, June 13th. Rosenblatt Securities reiterated a “buy” rating and issued a $190.00 target price on shares of Nice in a report on Wednesday, June 18th. Morgan Stanley reduced their target price on shares of Nice from $235.00 to $202.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. DA Davidson boosted their target price on shares of Nice from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, June 20th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $161.00 price target on shares of Nice in a research note on Wednesday, June 18th.

Institutional Investors Weigh In On Nice

Large investors have recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Nice in the 4th quarter worth approximately $313,808,000. Alliancebernstein L.P. boosted its position in Nice by 1,125.3% in the 1st quarter. Alliancebernstein L.P. now owns 768,737 shares of the technology company’s stock worth $118,516,000 after purchasing an additional 705,997 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Nice in the 1st quarter worth approximately $98,485,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Nice by 218.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 908,014 shares of the technology company’s stock worth $139,989,000 after purchasing an additional 623,014 shares in the last quarter. Finally, FIL Ltd purchased a new stake in Nice in the 4th quarter worth approximately $70,465,000. Hedge funds and other institutional investors own 63.34% of the company’s stock.

Nice Price Performance

NICE stock opened at $151.51 on Friday. The business has a 50-day moving average price of $166.31 and a 200 day moving average price of $160.97. The company has a market capitalization of $9.58 billion, a P/E ratio of 21.13, a PEG ratio of 1.38 and a beta of 1.00. Nice has a 1-year low of $137.19 and a 1-year high of $200.65.

Nice (NASDAQ:NICE) last released its quarterly earnings data on Thursday, May 15th. The technology company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.03. The firm had revenue of $700.19 million during the quarter, compared to the consensus estimate of $699.46 million. Nice had a return on equity of 16.37% and a net margin of 16.77%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.58 earnings per share. On average, analysts anticipate that Nice will post 9.85 earnings per share for the current fiscal year.

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.