Nice (NICE) PT Raised to $125.00

Nice (NASDAQ:NICE) had its price objective lifted by stock analysts at DA Davidson from $110.00 to $125.00 in a research report issued to clients and investors on Wednesday, AnalystRatings.com reports. The brokerage presently has a “neutral” rating on the technology company’s stock. DA Davidson’s price target points to a potential downside of 4.46% from the stock’s previous close.

NICE has been the topic of several other research reports. Wedbush upped their price objective on Nice to $145.00 in a research note on Friday, February 15th. Oppenheimer upped their price objective on Nice from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday. BidaskClub cut Nice from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. Jefferies Financial Group restated a “buy” rating and set a $149.00 price objective (up previously from $134.00) on shares of Nice in a research note on Wednesday. Finally, Zacks Investment Research upgraded Nice from a “sell” rating to a “hold” rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $127.70.

NICE traded up $2.02 on Wednesday, reaching $130.83. The company’s stock had a trading volume of 759,911 shares, compared to its average volume of 165,729. The company has a market capitalization of $7.71 billion, a P/E ratio of 33.98, a P/E/G ratio of 2.86 and a beta of 0.82. Nice has a 1 year low of $93.05 and a 1 year high of $131.38. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.38 and a current ratio of 1.38.

Nice (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, February 14th. The technology company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. Nice had a return on equity of 9.15% and a net margin of 11.03%. The firm had revenue of $420.00 million during the quarter, compared to the consensus estimate of $417.05 million. During the same quarter in the prior year, the business posted $1.35 earnings per share. Nice’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities research analysts forecast that Nice will post 4.35 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Investec Asset Management LTD raised its position in shares of Nice by 5.3% during the 4th quarter. Investec Asset Management LTD now owns 858,126 shares of the technology company’s stock worth $92,858,000 after purchasing an additional 43,302 shares during the period. Principal Financial Group Inc. grew its holdings in Nice by 45.2% in the 4th quarter. Principal Financial Group Inc. now owns 802,621 shares of the technology company’s stock worth $86,852,000 after buying an additional 249,722 shares in the last quarter. FMR LLC grew its holdings in Nice by 63.8% in the 4th quarter. FMR LLC now owns 643,304 shares of the technology company’s stock worth $69,612,000 after buying an additional 250,650 shares in the last quarter. Westfield Capital Management Co. LP grew its holdings in Nice by 3.2% in the 4th quarter. Westfield Capital Management Co. LP now owns 602,878 shares of the technology company’s stock worth $65,237,000 after buying an additional 18,860 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in Nice by 1.3% in the 4th quarter. Acadian Asset Management LLC now owns 493,345 shares of the technology company’s stock worth $53,384,000 after buying an additional 6,448 shares in the last quarter. Institutional investors and hedge funds own 45.18% of the company’s stock.

About Nice

NICE Ltd. provides enterprise software solutions worldwide. The company operates in two segments, Customer Engagement, and Financial Crime and Compliance. The Customer Engagement segment offers platform and solutions that empower businesses to deliver consistent and personalized experience across the customer journey, and optimize business performance and ensure compliance.

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Analyst Recommendations for Nice (NASDAQ:NICE)

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