Nice Ltd (NICE) Receives “Outperform” Rating from Oppenheimer Holdings Inc.

Oppenheimer Holdings Inc. restated their outperform rating on shares of Nice Ltd (NASDAQ:NICE) in a research report released on Friday morning. The firm currently has a $80.00 price target on the technology company’s stock.

Other analysts have also issued reports about the company. Chardan Capital restated a buy rating and issued a $76.00 target price on shares of Nice in a research note on Tuesday, February 14th. Barclays PLC set a $75.00 price target on Nice and gave the company a hold rating in a research report on Saturday, February 18th. Zacks Investment Research upgraded Nice from a strong sell rating to a hold rating in a research report on Wednesday, April 19th. Imperial Capital cut Nice from an outperform rating to an in-line rating and lifted their price target for the company from $74.00 to $76.00 in a research report on Friday, January 13th. Finally, Goldman Sachs Group Inc assumed coverage on Nice in a research report on Friday, February 10th. They issued a neutral rating and a $76.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Nice has a consensus rating of Hold and a consensus price target of $76.25.

Analyst Recommendations for Nice (NASDAQ:NICE)

Shares of Nice (NASDAQ:NICE) opened at 74.65 on Friday. The company has a market cap of $4.49 billion, a PE ratio of 46.08 and a beta of 0.85. Nice has a 52 week low of $59.07 and a 52 week high of $76.16. The stock’s 50 day moving average price is $69.54 and its 200-day moving average price is $68.28.

Nice (NASDAQ:NICE) last issued its earnings results on Thursday, May 4th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.11. The firm had revenue of $305.62 million for the quarter, compared to analyst estimates of $308.97 million. Nice had a return on equity of 13.28% and a net margin of 15.35%. Analysts expect that Nice will post $3.97 EPS for the current year.

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A number of institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in Nice during the fourth quarter valued at approximately $643,000. Investec Asset Management LTD boosted its position in Nice by 1.8% in the fourth quarter. Investec Asset Management LTD now owns 755,423 shares of the technology company’s stock valued at $51,943,000 after buying an additional 13,685 shares during the last quarter. Denver Investment Advisors LLC boosted its position in Nice by 33.4% in the fourth quarter. Denver Investment Advisors LLC now owns 216,554 shares of the technology company’s stock valued at $14,890,000 after buying an additional 54,257 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in Nice by 0.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,696,713 shares of the technology company’s stock valued at $116,666,000 after buying an additional 10,500 shares during the last quarter. Finally, Axiom International Investors LLC DE boosted its position in Nice by 37.1% in the fourth quarter. Axiom International Investors LLC DE now owns 77,275 shares of the technology company’s stock valued at $5,313,000 after buying an additional 20,908 shares during the last quarter. Institutional investors and hedge funds own 39.93% of the company’s stock.

About Nice

NICE Ltd., formerly NICE-Systems Ltd., is a global enterprise software provider. The Company’s segments include Customer Interactions Solutions, and Financial Crime and Compliance Solutions. The Customer Interactions Solutions segment provides data driven insights that enable businesses to deliver personalized experience to customers.

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