NICE (NASDAQ:NICE) Given “Outperform” Rating at Wedbush

Wedbush reaffirmed their outperform rating on shares of NICE (NASDAQ:NICE) in a research report sent to investors on Friday, Benzinga reports. They currently have a $250.00 price target on the technology company’s stock.

Several other research analysts have also weighed in on the company. Mizuho dropped their price target on NICE from $300.00 to $280.00 and set a buy rating on the stock in a research report on Friday, May 17th. Northland Securities dropped their target price on NICE from $305.00 to $275.00 and set an outperform rating on the stock in a report on Friday. DA Davidson restated a buy rating and set a $300.00 price target on shares of NICE in a report on Wednesday, June 12th. JMP Securities reiterated a market outperform rating and issued a $300.00 price objective on shares of NICE in a research note on Friday. Finally, Royal Bank of Canada lifted their target price on shares of NICE from $230.00 to $260.00 and gave the company an outperform rating in a research note on Friday. Sixteen analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of Buy and an average target price of $269.64.

NICE Price Performance

NASDAQ NICE opened at $184.96 on Friday. NICE has a 1 year low of $149.54 and a 1 year high of $270.73. The stock’s 50-day moving average price is $171.95 and its two-hundred day moving average price is $206.51. The company has a market cap of $11.63 billion, a PE ratio of 33.39, a PEG ratio of 1.44 and a beta of 1.04. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.13.

NICE (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, August 15th. The technology company reported $2.64 EPS for the quarter, beating the consensus estimate of $2.58 by $0.06. NICE had a net margin of 14.92% and a return on equity of 14.05%. The business had revenue of $664.40 million during the quarter, compared to the consensus estimate of $664.10 million. During the same quarter in the prior year, the firm earned $1.63 EPS. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. On average, analysts predict that NICE will post 8.4 EPS for the current year.

Institutional Trading of NICE

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC bought a new position in shares of NICE in the 4th quarter valued at approximately $25,000. Lindbrook Capital LLC grew its holdings in NICE by 88.9% during the fourth quarter. Lindbrook Capital LLC now owns 136 shares of the technology company’s stock valued at $27,000 after purchasing an additional 64 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of NICE by 135.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock valued at $32,000 after purchasing an additional 107 shares during the period. Richardson Financial Services Inc. acquired a new stake in shares of NICE in the first quarter worth $39,000. Finally, UMB Bank n.a. boosted its holdings in shares of NICE by 72.4% during the 1st quarter. UMB Bank n.a. now owns 219 shares of the technology company’s stock worth $57,000 after buying an additional 92 shares during the period. Institutional investors own 63.34% of the company’s stock.

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.