JMP Securities reiterated their market outperform rating on shares of Nice (NASDAQ:NICE – Free Report) in a report published on Wednesday morning,Benzinga reports. They currently have a $300.00 price target on the technology company’s stock.
NICE has been the subject of several other research reports. Cantor Fitzgerald restated a “neutral” rating and issued a $161.00 target price on shares of Nice in a research note on Friday, May 16th. Piper Sandler reissued a “neutral” rating and issued a $182.00 price target (up from $153.00) on shares of Nice in a report on Friday, June 13th. Morgan Stanley cut their price objective 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. Barclays decreased their target price on shares of Nice from $286.00 to $226.00 and set an “overweight” rating on the stock in a report on Friday, February 21st. Finally, Citigroup lowered their target price on shares of Nice from $214.00 to $211.00 and set a “buy” rating on the stock in a research note on Monday, May 19th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $209.75.
Check Out Our Latest Research Report on Nice
Nice Trading Down 1.6%
Nice (NASDAQ:NICE – Get Free Report) last posted its earnings results on Thursday, May 15th. The technology company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.03. The firm had revenue of $700.19 million for the quarter, compared to the consensus estimate of $699.46 million. Nice had a return on equity of 16.37% and a net margin of 16.77%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.58 earnings per share. Research analysts forecast that Nice will post 9.85 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Nice
A number of institutional investors have recently made changes to their positions in NICE. Park Square Financial Group LLC bought a new stake in shares of Nice during the 4th quarter worth $25,000. Tradewinds Capital Management LLC purchased a new stake in Nice during the fourth quarter valued at about $25,000. Anchor Investment Management LLC raised its position in Nice by 200.0% during the fourth quarter. Anchor Investment Management LLC now owns 150 shares of the technology company’s stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. McIlrath & Eck LLC lifted its stake in Nice by 56.9% during the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock worth $27,000 after purchasing an additional 58 shares during the last quarter. Finally, NBC Securities Inc. purchased a new position in shares of Nice in the 1st quarter worth about $34,000. Institutional investors own 63.34% of the company’s stock.
About Nice
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.
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