Nice Ltd (NICE) Receives Consensus Recommendation of “Buy” from Analysts

Nice Ltd (NASDAQ:NICE) has been assigned a consensus rating of “Buy” from the fourteen research firms that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $145.25.

A number of brokerages have commented on NICE. BidaskClub raised shares of Nice from a “buy” rating to a “strong-buy” rating in a research note on Monday. Wedbush reaffirmed a “buy” rating and set a $160.00 target price on shares of Nice in a research note on Thursday, May 16th. Zacks Investment Research raised shares of Nice from a “hold” rating to a “buy” rating and set a $158.00 target price on the stock in a research note on Wednesday. Jefferies Financial Group lifted their target price on shares of Nice to $166.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Finally, Morgan Stanley increased their price objective on shares of Nice from $117.00 to $128.00 and gave the stock an “equal weight” rating in a research note on Friday, May 17th.

Shares of NASDAQ:NICE traded down $1.81 during midday trading on Thursday, hitting $139.78. The company’s stock had a trading volume of 237,190 shares, compared to its average volume of 184,584. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.28. The company has a market cap of $8.52 billion, a P/E ratio of 36.31, a P/E/G ratio of 3.13 and a beta of 0.86. Nice has a 12-month low of $100.54 and a 12-month high of $146.89.

Nice (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, May 16th. The technology company reported $1.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.27. The firm had revenue of $377.00 million for the quarter, compared to the consensus estimate of $375.18 million. Nice had a net margin of 11.63% and a return on equity of 10.83%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period last year, the firm posted $1.03 earnings per share. On average, analysts expect that Nice will post 4.39 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Navellier & Associates Inc raised its position in Nice by 0.8% in the 4th quarter. Navellier & Associates Inc now owns 13,288 shares of the technology company’s stock valued at $1,438,000 after purchasing an additional 105 shares during the last quarter. Advisors Asset Management Inc. raised its position in Nice by 2.3% during the 1st quarter. Advisors Asset Management Inc. now owns 5,489 shares of the technology company’s stock worth $672,000 after buying an additional 124 shares during the last quarter. Moors & Cabot Inc. raised its position in Nice by 5.5% during the 1st quarter. Moors & Cabot Inc. now owns 2,638 shares of the technology company’s stock worth $323,000 after buying an additional 138 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Nice by 64.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the technology company’s stock worth $45,000 after buying an additional 143 shares during the last quarter. Finally, Citigroup Inc. raised its position in Nice by 1.1% during the 4th quarter. Citigroup Inc. now owns 15,143 shares of the technology company’s stock worth $1,639,000 after buying an additional 168 shares during the last quarter.

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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