Analysts Set NICE Ltd. (NASDAQ:NICE) PT at $291.55

NICE Ltd. (NASDAQ:NICE) has received a consensus recommendation of “Buy” from the twelve analysts that are currently covering the company, MarketBeat Ratings reports. Twelve research analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $291.00.

Several equities research analysts recently commented on the company. Citigroup boosted their target price on NICE from $283.00 to $334.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Barclays upped their price objective on NICE from $283.00 to $320.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Mizuho boosted their price target on shares of NICE from $244.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. TheStreet raised shares of NICE from a “c+” rating to a “b-” rating in a research note on Tuesday, February 6th. Finally, Rosenblatt Securities assumed coverage on shares of NICE in a report on Tuesday. They issued a “buy” rating and a $285.00 target price on the stock.

Hedge Funds Weigh In On NICE

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of NICE by 171.2% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,434,450 shares of the technology company’s stock worth $286,564,000 after buying an additional 905,612 shares during the period. Boston Partners acquired a new position in shares of NICE in the 4th quarter valued at about $176,206,000. Point72 Asset Management L.P. increased its holdings in shares of NICE by 1,340.2% in the 4th quarter. Point72 Asset Management L.P. now owns 467,231 shares of the technology company’s stock valued at $93,217,000 after purchasing an additional 434,789 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of NICE by 44,660.0% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 388,069 shares of the technology company’s stock worth $65,970,000 after purchasing an additional 387,202 shares in the last quarter. Finally, Capital International Investors boosted its holdings in shares of NICE by 16.2% during the fourth quarter. Capital International Investors now owns 2,135,753 shares of the technology company’s stock worth $426,402,000 after purchasing an additional 298,112 shares during the period. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

NICE Stock Performance

Shares of NASDAQ NICE opened at $228.43 on Friday. The stock has a market capitalization of $14.36 billion, a P/E ratio of 44.88, a P/E/G ratio of 2.02 and a beta of 1.02. The firm’s 50-day moving average price is $241.39 and its two-hundred day moving average price is $208.92. NICE has a 52-week low of $149.54 and a 52-week high of $270.73. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.14.

NICE (NASDAQ:NICE) last announced its quarterly earnings results on Thursday, February 22nd. The technology company reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.10. The business had revenue of $623.20 million for the quarter, compared to the consensus estimate of $616.83 million. NICE had a return on equity of 13.29% and a net margin of 14.23%. The business’s revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the business posted $1.40 EPS. As a group, sell-side analysts forecast that NICE will post 8.21 earnings per share for the current year.

About NICE

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform; Enlighten, an AI engine for the customer engagement market; and smart self service enable organizations to address consumers' needs; and journey orchestration solutions that empower organizations to connect and route customers to deal with the customer's request, and connects them using real time AI-based routing.