NICE’s (NICE) Neutral Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald restated their neutral rating on shares of NICE (NASDAQ:NICE) in a research note released on Friday morning,Benzinga reports. The brokerage currently has a $161.00 target price on the technology company’s stock.

Several other equities research analysts also recently commented on NICE. DA Davidson increased their price objective on NICE from $180.00 to $185.00 and gave the company a “buy” rating in a report on Friday. Barclays cut their price objective on NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a report on Friday, February 21st. Morgan Stanley dropped their price target on NICE from $235.00 to $202.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Citigroup dropped their price target on NICE from $279.00 to $228.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Finally, Rosenblatt Securities increased their price target on NICE from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Friday. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, NICE has a consensus rating of “Moderate Buy” and an average price target of $212.92.

NICE Trading Up 1.4%

NASDAQ NICE opened at $163.43 on Friday. The company has a market cap of $10.34 billion, a PE ratio of 24.18, a PEG ratio of 1.07 and a beta of 1.03. NICE has a 12 month low of $137.19 and a 12 month high of $202.36. The stock has a 50 day moving average of $153.97 and a 200-day moving average of $165.10.

NICE (NASDAQ:NICE) last released its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 EPS for the quarter, missing the consensus estimate of $2.96 by ($0.71). The company had revenue of $721.60 million during the quarter, compared to analyst estimates of $718.47 million. NICE had a net margin of 16.18% and a return on equity of 16.17%. As a group, sell-side analysts predict that NICE will post 9.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Park Square Financial Group LLC bought a new position in NICE during the 4th quarter worth $25,000. Avion Wealth bought a new position in NICE during the 4th quarter worth $25,000. Tradewinds Capital Management LLC bought a new position in NICE during the 4th quarter worth $25,000. Anchor Investment Management LLC increased its position in NICE by 200.0% during the 4th quarter. Anchor Investment Management LLC now owns 150 shares of the technology company’s stock worth $25,000 after buying an additional 100 shares during the period. Finally, McIlrath & Eck LLC increased its position in NICE by 56.9% during the 4th quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock worth $27,000 after buying an additional 58 shares during the period. Institutional investors own 63.34% of the company’s stock.

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.