Wedbush Reiterates Outperform Rating for Nice (NASDAQ:NICE)

Nice (NASDAQ:NICEGet Free Report)‘s stock had its “outperform” rating restated by stock analysts at Wedbush in a report released on Friday,Benzinga reports. They presently have a $200.00 target price on the technology company’s stock. Wedbush’s price objective indicates a potential upside of 22.99% from the company’s current price.

NICE has been the topic of a number of other research reports. Cantor Fitzgerald reissued a “neutral” rating and set a $161.00 price target on shares of Nice in a research report on Wednesday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Nice in a research report on Wednesday. Morgan Stanley dropped their price objective on Nice from $235.00 to $202.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Barclays dropped their price objective on Nice from $286.00 to $226.00 and set an “overweight” rating on the stock in a research report on Friday, February 21st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $190.00 price objective on shares of Nice in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Nice has a consensus rating of “Moderate Buy” and an average price target of $209.75.

View Our Latest Research Report on Nice

Nice Trading Down 1.6%

NICE opened at $162.61 on Friday. Nice has a 12-month low of $137.19 and a 12-month high of $200.65. The business’s fifty day simple moving average is $162.36 and its 200-day simple moving average is $162.99. The company has a market capitalization of $10.29 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 1.48 and a beta of 1.01.

Nice (NASDAQ:NICEGet Free Report) last posted its quarterly earnings results on Thursday, May 15th. The technology company reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.03. Nice had a return on equity of 16.37% and a net margin of 16.77%. The business had revenue of $700.19 million for the quarter, compared to the consensus estimate of $699.46 million. During the same quarter in the prior year, the company earned $2.58 EPS. The business’s revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts predict that Nice will post 9.85 EPS for the current year.

Institutional Investors Weigh In On Nice

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NICE. Tradewinds Capital Management LLC purchased a new stake in Nice in the fourth quarter valued at about $25,000. Anchor Investment Management LLC raised its stake in Nice by 200.0% in the fourth quarter. Anchor Investment Management LLC now owns 150 shares of the technology company’s stock valued at $25,000 after buying an additional 100 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in Nice in the fourth quarter valued at about $25,000. McIlrath & Eck LLC raised its stake in shares of Nice by 56.9% in 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 first quarter worth about $34,000. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

Nice Company Profile

(Get Free Report)

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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