Analysts Set Nice Ltd (NASDAQ:NICE) Target Price at $159.00

Nice Ltd (NASDAQ:NICE) has earned a consensus recommendation of “Buy” from the fourteen research firms that are presently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $159.00.

A number of equities analysts have recently commented on NICE shares. Zacks Investment Research lowered Nice from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Wedbush boosted their price objective on Nice from $165.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Morgan Stanley set a $140.00 price objective on Nice and gave the stock a “hold” rating in a report on Friday, August 9th. BidaskClub downgraded Nice from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $187.00 target price on shares of Nice in a report on Friday, November 15th.

Several institutional investors have recently added to or reduced their stakes in NICE. First Trust Advisors LP purchased a new stake in shares of Nice in the first quarter worth $705,000. Commonwealth Equity Services LLC boosted its position in shares of Nice by 2.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 6,014 shares of the technology company’s stock valued at $824,000 after acquiring an additional 139 shares during the last quarter. FDx Advisors Inc. boosted its position in shares of Nice by 5.1% during the 2nd quarter. FDx Advisors Inc. now owns 2,988 shares of the technology company’s stock valued at $409,000 after acquiring an additional 146 shares during the last quarter. BTIM Corp. bought a new stake in shares of Nice during the 2nd quarter valued at about $213,000. Finally, Wetherby Asset Management Inc. grew its holdings in shares of Nice by 6.2% during the second quarter. Wetherby Asset Management Inc. now owns 2,567 shares of the technology company’s stock worth $352,000 after purchasing an additional 150 shares in the last quarter. 49.46% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NICE stock traded up $1.56 during trading on Monday, reaching $150.00. 681,661 shares of the company’s stock traded hands, compared to its average volume of 206,893. The firm’s 50-day moving average is $152.75 and its 200 day moving average is $147.95. The company has a market capitalization of $9.27 billion, a P/E ratio of 38.96, a PEG ratio of 3.47 and a beta of 0.72. Nice has a 1 year low of $102.56 and a 1 year high of $161.01. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.26.

Nice (NASDAQ:NICE) last released its quarterly earnings data on Thursday, November 14th. The technology company reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.04). Nice had a net margin of 11.99% and a return on equity of 13.14%. The business had revenue of $387.13 million during the quarter, compared to analysts’ expectations of $385.04 million. As a group, sell-side analysts predict that Nice will post 4.36 earnings per share for the current fiscal year.

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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