Morgan Stanley Boosts Nice (NICE) Price Target to $128.00

Nice (NASDAQ:NICE) had its price target lifted by stock analysts at Morgan Stanley from $117.00 to $128.00 in a report issued on Friday, BenzingaRatingsTable reports. The firm presently has an “equal weight” rating on the technology company’s stock. Morgan Stanley’s target price indicates a potential downside of 11.26% from the stock’s current price.

NICE has been the subject of several other research reports. BidaskClub raised shares of Nice from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 19th. Zacks Investment Research raised shares of Nice from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. DA Davidson increased their price objective on shares of Nice from $110.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Wedbush reissued a “positive” rating and issued a $155.00 price objective (up previously from $145.00) on shares of Nice in a research note on Monday, April 22nd. Finally, Oppenheimer increased their price objective on shares of Nice from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $142.67.

Shares of NASDAQ:NICE opened at $144.24 on Friday. The company has a market capitalization of $8.79 billion, a P/E ratio of 42.93, a P/E/G ratio of 3.26 and a beta of 0.86. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.23. Nice has a one year low of $100.54 and a one year high of $146.89.

Nice (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, May 16th. The technology company reported $1.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.27. The business had revenue of $377.00 million during 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 11.00%. The firm’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 EPS. On average, research analysts forecast that Nice will post 4.35 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in NICE. Artisan Partners Limited Partnership raised its stake in shares of Nice by 243.0% during the first quarter. Artisan Partners Limited Partnership now owns 413,481 shares of the technology company’s stock valued at $50,656,000 after acquiring an additional 292,943 shares during the last quarter. FMR LLC raised its stake in shares of Nice by 63.8% during the fourth quarter. FMR LLC now owns 643,304 shares of the technology company’s stock valued at $69,612,000 after acquiring an additional 250,650 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Nice by 45.2% during the fourth quarter. Principal Financial Group Inc. now owns 802,621 shares of the technology company’s stock valued at $86,852,000 after acquiring an additional 249,722 shares during the last quarter. OppenheimerFunds Inc. raised its stake in shares of Nice by 6.6% during the first quarter. OppenheimerFunds Inc. now owns 2,691,376 shares of the technology company’s stock valued at $329,720,000 after acquiring an additional 166,110 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Nice by 31.5% during the first quarter. Acadian Asset Management LLC now owns 648,860 shares of the technology company’s stock valued at $79,493,000 after acquiring an additional 155,515 shares during the last quarter. 45.03% of the stock is owned by hedge funds and other institutional investors.

Nice Company Profile

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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