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

NICE (NASDAQ:NICE)‘s stock had its “neutral” rating reiterated by analysts at Cantor Fitzgerald in a research note issued to investors on Friday,Benzinga reports. They presently have a $161.00 price objective on the technology company’s stock. Cantor Fitzgerald’s price objective suggests a potential downside of 1.49% from the company’s current price.

NICE has been the subject of a number of other research reports. Barclays cut their target price on shares of NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. Wedbush reiterated an “outperform” rating and set a $200.00 target price on shares of NICE in a research report on Friday. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of NICE in a research report on Wednesday, March 19th. Rosenblatt Securities increased their target price on shares of NICE from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Morgan Stanley cut their target price on shares of NICE from $235.00 to $202.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $212.92.

NICE Stock Performance

NICE opened at $163.43 on Friday. The firm has a market cap of $10.34 billion, a P/E ratio of 24.18, a PEG ratio of 1.07 and a beta of 1.03. The firm has a 50-day moving average of $153.97 and a 200 day moving average of $165.16. NICE has a fifty-two week low of $137.19 and a fifty-two week high of $202.36.

NICE (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, May 15th. The technology company reported $2.29 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.55). The company had revenue of $700.19 million for the quarter, compared to the consensus estimate of $699.46 million. NICE had a net margin of 16.18% and a return on equity of 16.17%. Equities research analysts predict that NICE will post 9.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NICE

A number of institutional investors and hedge funds have recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of NICE in the fourth quarter worth about $313,808,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of NICE by 12.3% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,766,270 shares of the technology company’s stock worth $272,306,000 after buying an additional 193,000 shares in the last quarter. Boston Partners raised its stake in NICE by 10.0% in the fourth quarter. Boston Partners now owns 1,670,327 shares of the technology company’s stock valued at $283,349,000 after purchasing an additional 151,528 shares in the last quarter. Menora Mivtachim Holdings LTD. raised its stake in NICE by 2.3% in the fourth quarter. Menora Mivtachim Holdings LTD. now owns 1,660,037 shares of the technology company’s stock valued at $281,941,000 after purchasing an additional 36,865 shares in the last quarter. Finally, HMI Capital Management L.P. raised its stake in NICE by 12.8% in the fourth quarter. HMI Capital Management L.P. now owns 1,642,770 shares of the technology company’s stock valued at $279,008,000 after purchasing an additional 186,600 shares in the last quarter. 63.34% of the stock is owned by hedge funds and other institutional investors.

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.