Nice (NASDAQ:NICE) Earns Buy Rating from Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Nice (NASDAQ:NICE) in a research note published on Wednesday morning,Benzinga reports. They currently have a $190.00 target price on the technology company’s stock.

Several other equities analysts have also recently weighed in on the stock. Citigroup lowered their price objective on shares of Nice from $214.00 to $211.00 and set a “buy” rating on the stock in a research report on Monday, May 19th. Royal Bank Of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Nice in a research note on Friday, May 16th. DA Davidson boosted their price target on shares of Nice from $180.00 to $185.00 and gave the company a “buy” rating in a report on Friday, May 16th. JMP Securities restated a “market outperform” rating and set a $300.00 price target on shares of Nice in a report on Friday, May 16th. Finally, Piper Sandler restated a “neutral” rating and set a $182.00 price target (up from $153.00) on shares of Nice in a report on Friday, June 13th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $208.92.

Nice Stock Performance

NASDAQ NICE opened at $165.33 on Wednesday. Nice has a twelve month low of $137.19 and a twelve month high of $200.65. The stock has a market cap of $10.46 billion, a price-to-earnings ratio of 23.06, a PEG ratio of 1.51 and a beta of 1.01. The firm’s 50 day moving average price is $161.83 and its two-hundred day moving average price is $163.48.

Nice (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, May 15th. The technology company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.03. Nice had a net margin of 16.77% and a return on equity of 16.37%. The firm had revenue of $700.19 million for the quarter, compared to analysts’ expectations of $699.46 million. During the same period in the previous year, the company posted $2.58 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, research analysts forecast that Nice will post 9.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Nice

Several institutional investors and hedge funds have recently modified their holdings of the stock. McIlrath & Eck LLC lifted its stake in shares of Nice by 56.9% in the 4th quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock valued at $27,000 after purchasing an additional 58 shares during the last quarter. Financial Perspectives Inc lifted its stake in shares of Nice by 11.6% in the 4th quarter. Financial Perspectives Inc now owns 635 shares of the technology company’s stock valued at $108,000 after purchasing an additional 66 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Nice by 5.7% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,428 shares of the technology company’s stock valued at $243,000 after purchasing an additional 77 shares during the last quarter. Rothschild Investment LLC lifted its stake in shares of Nice by 18.5% in the 4th quarter. Rothschild Investment LLC now owns 512 shares of the technology company’s stock valued at $87,000 after purchasing an additional 80 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its stake in shares of Nice by 3.3% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 2,627 shares of the technology company’s stock valued at $405,000 after purchasing an additional 83 shares during the last quarter. 63.34% of the stock is currently 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.