NICE (NASDAQ:NICE) had its price target decreased by stock analysts at Citigroup from $364.00 to $314.00 in a report issued on Friday, The Fly reports. Citigroup’s price objective points to a potential upside of 17.52% from the stock’s current price.
Other equities analysts have also recently issued research reports about the company. Morgan Stanley cut NICE from an “overweight” rating to an “equal weight” rating and set a $315.00 price objective on the stock. in a report on Thursday, December 16th. They noted that the move was a valuation call. Royal Bank of Canada lifted their price objective on NICE from $325.00 to $365.00 and gave the company an “outperform” rating in a report on Friday, November 12th. Jefferies Financial Group lifted their price objective on NICE from $320.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, November 11th. Finally, Zacks Investment Research cut NICE from a “buy” rating to a “hold” rating in a report on Tuesday, January 18th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $312.45.
Shares of NICE opened at $267.18 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15. NICE has a 1 year low of $211.25 and a 1 year high of $319.88. The stock has a market cap of $16.85 billion, a P/E ratio of 89.66, a price-to-earnings-growth ratio of 4.73 and a beta of 0.75. The stock’s 50-day moving average price is $278.17 and its two-hundred day moving average price is $281.52.
NICE (NASDAQ:NICE) last issued its earnings results on Thursday, November 11th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.39. NICE had a return on equity of 11.99% and a net margin of 10.84%. The firm had revenue of $494.41 million for the quarter, compared to analysts’ expectations of $465.93 million. During the same quarter last year, the business earned $1.15 earnings per share. As a group, equities analysts forecast that NICE will post 4.95 EPS for the current year.
Several large investors have recently bought and sold shares of NICE. Private Capital Group LLC increased its position in shares of NICE by 940.0% during the 4th quarter. Private Capital Group LLC now owns 156 shares of the technology company’s stock worth $47,000 after purchasing an additional 141 shares during the last quarter. Total Clarity Wealth Management Inc. acquired a new position in shares of NICE during the 3rd quarter worth approximately $60,000. Harbor Investment Advisory LLC increased its position in shares of NICE by 113.5% during the 3rd quarter. Harbor Investment Advisory LLC now owns 301 shares of the technology company’s stock worth $85,000 after purchasing an additional 160 shares during the last quarter. UMB Bank N A MO acquired a new position in shares of NICE during the 4th quarter worth approximately $88,000. Finally, JJJ Advisors Inc. increased its position in shares of NICE by 77.2% during the 3rd quarter. JJJ Advisors Inc. now owns 342 shares of the technology company’s stock worth $97,000 after purchasing an additional 149 shares during the last quarter. 64.20% of the stock is currently owned by hedge funds and other institutional investors.
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.