NICE (NASDAQ:NICE) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $6.430-$6.530 for the period, compared to the Thomson Reuters consensus estimate of $6.370. The company issued revenue guidance of $1.90 billion-$1.91 billion, compared to the consensus revenue estimate of $1.85 billion.
NASDAQ:NICE opened at $282.92 on Thursday. The stock has a market cap of $17.84 billion, a P/E ratio of 94.94, a PEG ratio of 5.58 and a beta of 0.75. The stock has a 50 day simple moving average of $283.30 and a 200 day simple moving average of $265.37. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.16. NICE has a 1-year low of $211.25 and a 1-year high of $319.88.
NICE (NASDAQ:NICE) last released its quarterly earnings results on Thursday, November 11th. The technology company reported $1.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.39. NICE had a return on equity of 12.15% and a net margin of 10.84%. During the same quarter in the previous year, the company posted $1.15 earnings per share. As a group, sell-side analysts forecast that NICE will post 4.95 EPS for the current year.
Several equities analysts have recently issued reports on the company. Royal Bank of Canada lifted their price target on NICE from $325.00 to $365.00 and gave the company an outperform rating in a research note on Friday, November 12th. Zacks Investment Research lowered NICE from a buy rating to a hold rating in a research note on Saturday, November 20th. JMP Securities lifted their price target on NICE from $302.00 to $343.00 and gave the company an outperform rating in a research note on Thursday, September 9th. Jefferies Financial Group lifted their price target on NICE from $320.00 to $350.00 and gave the company a buy rating in a research note on Thursday, November 11th. Finally, Citigroup boosted their price objective on NICE from $328.00 to $364.00 and gave the stock a neutral rating in a research report on Friday, November 12th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Buy and an average price target of $315.69.
An institutional investor recently raised its position in NICE stock. Bank of New York Mellon Corp increased its position in shares of NICE Ltd. (NASDAQ:NICE) by 63.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,794 shares of the technology company’s stock after buying an additional 4,591 shares during the quarter. Bank of New York Mellon Corp’s holdings in NICE were worth $3,350,000 at the end of the most recent quarter. Institutional investors and hedge funds own 62.85% of the company’s stock.
NICE Company Profile
NICE Ltd. engages in the provision of enterprise software solutions and services. It operates through the following segments: Customer Interactions Solutions, Security Solutions, and Financial Crime and Compliance Solutions. The Customer Interactions Solutions segment provides suites such as compliance and risk, workforce optimization, operational efficiency, customer experience, and sales and retention.