NICE (NASDAQ:NICE) Rating Reiterated by JMP Securities

NICE (NASDAQ:NICE)‘s stock had its “market outperform” rating reissued by stock analysts at JMP Securities in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $300.00 price objective on the technology company’s stock. JMP Securities’ target price suggests a potential upside of 70.74% from the stock’s previous close.

NICE has been the subject of several other research reports. Mizuho lowered their target price on shares of NICE from $300.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, May 17th. Wedbush reaffirmed an “outperform” rating and issued a $250.00 target price on shares of NICE in a research note on Wednesday. Jefferies Financial Group lowered their target price on shares of NICE from $280.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, May 17th. StockNews.com raised shares of NICE from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 6th. Finally, Citigroup increased their price objective on shares of NICE from $283.00 to $334.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Fourteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, NICE currently has a consensus rating of “Buy” and a consensus price target of $273.77.

NICE Trading Up 0.4 %

NASDAQ NICE traded up $0.77 during trading hours on Wednesday, hitting $175.71. The company’s stock had a trading volume of 460,877 shares, compared to its average volume of 489,614. The stock has a fifty day moving average of $212.88 and a 200 day moving average of $217.24. NICE has a twelve month low of $149.54 and a twelve month high of $270.73. The firm has a market capitalization of $11.05 billion, a P/E ratio of 31.72, a PEG ratio of 1.42 and a beta of 1.03. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.13.

NICE (NASDAQ:NICE) last issued its earnings results on Thursday, May 16th. The technology company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.88 by $0.13. NICE had a net margin of 14.92% and a return on equity of 14.05%. The firm had revenue of $659.31 million during the quarter, compared to the consensus estimate of $654.81 million. Equities research analysts forecast that NICE will post 8.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Capital Research Global Investors boosted its holdings in NICE by 4.0% during the first quarter. Capital Research Global Investors now owns 5,181,366 shares of the technology company’s stock worth $1,350,367,000 after purchasing an additional 201,035 shares during the last quarter. Capital International Investors boosted its holdings in NICE by 16.2% during the fourth quarter. Capital International Investors now owns 2,135,753 shares of the technology company’s stock worth $426,402,000 after purchasing an additional 298,112 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its holdings in NICE by 171.2% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,434,450 shares of the technology company’s stock worth $286,564,000 after purchasing an additional 905,612 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in NICE by 12.3% during the first quarter. William Blair Investment Management LLC now owns 1,364,561 shares of the technology company’s stock worth $355,631,000 after purchasing an additional 149,149 shares during the last quarter. Finally, Black Creek Investment Management Inc. lifted its stake in NICE by 22.0% in the third quarter. Black Creek Investment Management Inc. now owns 1,144,309 shares of the technology company’s stock valued at $194,533,000 after acquiring an additional 206,551 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

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.