Northland Securities Reaffirms Outperform Rating for NICE (NASDAQ:NICE)

Northland Securities restated their outperform rating on shares of NICE (NASDAQ:NICE) in a research note published on Thursday, Benzinga reports. Northland Securities currently has a $305.00 price objective on the technology company’s stock.

A number of other equities research analysts have also commented on NICE. StockNews.com upgraded shares of NICE from a buy rating to a strong-buy rating in a report on Thursday, June 6th. Citigroup boosted their price target on NICE from $339.00 to $346.00 and gave the company a buy rating in a report on Wednesday. Rosenblatt Securities decreased their price objective on NICE from $285.00 to $225.00 and set a buy rating for the company in a report on Wednesday. Bank of America dropped their target price on NICE from $300.00 to $270.00 and set a buy rating on the stock in a research report on Friday, May 17th. Finally, Royal Bank of Canada reduced their price target on NICE from $265.00 to $230.00 and set an outperform rating for the company in a research report on Wednesday. Fifteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of Buy and a consensus target price of $276.62.

NICE Stock Down 0.1 %

NASDAQ:NICE opened at $167.90 on Thursday. NICE has a 1 year low of $149.54 and a 1 year high of $270.73. The stock has a 50-day moving average price of $208.17 and a two-hundred day moving average price of $216.57. The stock has a market cap of $10.56 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 1.36 and a beta of 1.03. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.13.

NICE (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, May 16th. The technology company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.13. NICE had a return on equity of 14.05% and a net margin of 14.92%. The business had revenue of $659.31 million during the quarter, compared to analyst estimates of $654.81 million. As a group, equities analysts expect that NICE will post 8.4 earnings per share for the current year.

Institutional Trading of NICE

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC increased its stake in shares of NICE by 8.1% during the 1st quarter. Global Retirement Partners LLC now owns 590 shares of the technology company’s stock worth $154,000 after purchasing an additional 44 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in NICE by 4.1% during the first quarter. Sequoia Financial Advisors LLC now owns 1,207 shares of the technology company’s stock worth $315,000 after buying an additional 47 shares during the last quarter. Spire Wealth Management increased its position in NICE by 7.5% during the fourth quarter. Spire Wealth Management now owns 728 shares of the technology company’s stock worth $154,000 after buying an additional 51 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of NICE by 11.1% in the fourth quarter. Pacer Advisors Inc. now owns 602 shares of the technology company’s stock valued at $120,000 after buying an additional 60 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its position in shares of NICE by 46.3% in the first quarter. Lindbrook Capital LLC now owns 199 shares of the technology company’s stock valued at $52,000 after buying an additional 63 shares during the last quarter. 63.34% of the stock is owned by institutional investors.

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.