NICE Ltd. (NASDAQ:NICE) Receives $269.64 Average Target Price from Analysts

NICE Ltd. (NASDAQ:NICE) has been given a consensus rating of “Buy” by the fifteen research firms that are currently covering the company, Marketbeat.com reports. Fifteen research analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $269.64.

A number of analysts recently issued reports on NICE shares. Northland Securities decreased their target price on shares of NICE from $305.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, August 16th. Piper Sandler reduced their price target on NICE from $238.00 to $213.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $260.00 price objective on shares of NICE in a research report on Thursday, October 3rd. Wedbush reiterated an “outperform” rating and issued a $250.00 target price on shares of NICE in a research note on Friday, August 16th. Finally, JMP Securities reissued a “market outperform” rating and issued a $300.00 price target on shares of NICE in a research note on Friday, August 16th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GLOBALT Investments LLC GA purchased a new position in shares of NICE in the 4th quarter valued at $1,466,000. Virtu Financial LLC raised its position in NICE by 65.3% in the fourth quarter. Virtu Financial LLC now owns 4,462 shares of the technology company’s stock valued at $890,000 after purchasing an additional 1,763 shares during the period. Davis Capital Management lifted its stake in shares of NICE by 5.9% during the first quarter. Davis Capital Management now owns 4,137 shares of the technology company’s stock worth $1,053,000 after purchasing an additional 232 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of NICE by 72.1% in the first quarter. GAMMA Investing LLC now owns 210 shares of the technology company’s stock worth $55,000 after buying an additional 88 shares during the period. Finally, Fulton Bank N.A. purchased a new stake in shares of NICE in the first quarter worth about $236,000. 63.34% of the stock is owned by institutional investors and hedge funds.

NICE Price Performance

Shares of NASDAQ:NICE opened at $178.70 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.45 and a current ratio of 2.45. The business’s fifty day moving average price is $169.38 and its two-hundred day moving average price is $186.57. The stock has a market cap of $11.24 billion, a PE ratio of 32.26, a price-to-earnings-growth ratio of 1.34 and a beta of 1.05. NICE has a one year low of $149.54 and a one year high of $270.73.

NICE (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.06. The business had revenue of $664.40 million for the quarter, compared to analyst estimates of $664.10 million. NICE had a return on equity of 14.68% and a net margin of 15.55%. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.63 earnings per share. On average, analysts forecast that NICE will post 8.5 EPS for the current fiscal year.

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.