Equities research analysts expect that Nice Ltd (NASDAQ:NICE) will announce sales of $393.89 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Nice’s earnings, with estimates ranging from $390.00 million to $399.38 million. Nice reported sales of $323.86 million during the same quarter last year, which indicates a positive year-over-year growth rate of 21.6%. The firm is expected to issue its next quarterly earnings results on Thursday, February 15th.

On average, analysts expect that Nice will report full year sales of $393.89 million for the current fiscal year, with estimates ranging from $1.33 billion to $1.35 billion. For the next fiscal year, analysts expect that the business will post sales of $1.46 billion per share, with estimates ranging from $1.44 billion to $1.48 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Nice.

NICE has been the subject of several recent research reports. BidaskClub cut Nice from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Oppenheimer raised their target price on Nice from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Barclays set a $80.00 target price on Nice and gave the company a “hold” rating in a report on Friday, August 4th. Chardan Capital lifted their price target on Nice from $76.00 to $84.00 and gave the stock a “buy” rating in a report on Monday, August 7th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $80.00 target price on shares of Nice in a research report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $83.50.

Shares of Nice (NASDAQ:NICE) opened at $87.51 on Friday. The firm has a market capitalization of $5,305.47, a PE ratio of 35.35, a PEG ratio of 4.90 and a beta of 0.89. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.28 and a quick ratio of 1.28. Nice has a one year low of $63.72 and a one year high of $88.52.

Several hedge funds have recently bought and sold shares of NICE. Eagle Boston Investment Management Inc. lifted its position in Nice by 19.1% in the 2nd quarter. Eagle Boston Investment Management Inc. now owns 4,200 shares of the technology company’s stock valued at $330,000 after acquiring an additional 674 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Nice by 16.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,014 shares of the technology company’s stock worth $395,000 after purchasing an additional 724 shares in the last quarter. Investec Asset Management North America Inc. increased its stake in shares of Nice by 1.8% in the 2nd quarter. Investec Asset Management North America Inc. now owns 56,251 shares of the technology company’s stock worth $4,428,000 after purchasing an additional 972 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Nice by 22.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,460 shares of the technology company’s stock worth $444,000 after purchasing an additional 1,013 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Nice by 12.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 11,482 shares of the technology company’s stock worth $905,000 after buying an additional 1,281 shares in the last quarter. Hedge funds and other institutional investors own 45.10% of the company’s stock.

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Nice Company Profile

NICE Ltd., formerly NICE-Systems Ltd., is a global enterprise software provider. The Company’s segments include Customer Interactions Solutions, and Financial Crime and Compliance Solutions. The Customer Interactions Solutions segment provides data driven insights that enable businesses to deliver personalized experience to customers.

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