Nice Ltd (NASDAQ:NICE) – Investment analysts at Jefferies Group decreased their Q1 2018 EPS estimates for Nice in a report issued on Thursday. Jefferies Group analyst J. Difucci now expects that the technology company will earn $0.65 per share for the quarter, down from their prior forecast of $0.67. Jefferies Group has a “Buy” rating and a $87.00 price objective on the stock. Jefferies Group also issued estimates for Nice’s Q2 2018 earnings at $0.67 EPS, Q4 2018 earnings at $0.97 EPS and FY2018 earnings at $2.98 EPS.
Several other analysts also recently issued reports on the stock. Citigroup reissued an “outperform” rating and issued a $100.00 price target (up previously from $90.00) on shares of Nice in a research report on Wednesday, December 13th. They noted that the move was a valuation call. Chardan Capital cut Nice from a “buy” rating to a “neutral” rating and set a $91.00 price objective on the stock. in a research note on Monday, November 6th. BidaskClub upgraded Nice from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. JPMorgan Chase & Co. cut Nice from an “overweight” rating to a “neutral” rating in a research note on Friday, November 3rd. Finally, Oppenheimer restated a “buy” rating and set a $100.00 price objective (up from $90.00) on shares of Nice in a research note on Wednesday, December 13th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $89.63.
Nice (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.06. Nice had a net margin of 7.12% and a return on equity of 9.71%.
A number of large investors have recently modified their holdings of the business. Bank of Montreal Can lifted its stake in Nice by 12.0% during the 4th quarter. Bank of Montreal Can now owns 12,692 shares of the technology company’s stock valued at $1,167,000 after acquiring an additional 1,360 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in Nice by 4.3% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 207,981 shares of the technology company’s stock valued at $16,911,000 after acquiring an additional 8,621 shares in the last quarter. Axiom International Investors LLC DE lifted its stake in Nice by 52.7% during the 3rd quarter. Axiom International Investors LLC DE now owns 79,810 shares of the technology company’s stock valued at $6,489,000 after acquiring an additional 27,529 shares in the last quarter. Iberiabank Corp bought a new position in Nice during the 3rd quarter valued at $270,000. Finally, Schroder Investment Management Group bought a new position in Nice during the 3rd quarter valued at $973,000. Institutional investors and hedge funds own 45.00% 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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