NICE (NASDAQ:NICE) PT Lowered to $286.00

NICE (NASDAQ:NICE) had its price objective decreased by equities research analysts at Barclays from $320.00 to $286.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. Barclays‘s price objective would suggest a potential upside of 58.06% from the company’s previous close.

Other research analysts have also issued reports about the stock. Citigroup lifted their price target on shares of NICE from $339.00 to $346.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Wedbush reaffirmed an “outperform” rating and set a $250.00 target price on shares of NICE in a report on Wednesday, June 12th. StockNews.com lowered NICE from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 14th. JMP Securities reaffirmed a “market outperform” rating and issued a $300.00 target price on shares of NICE in a research report on Wednesday, June 12th. Finally, DA Davidson reissued a “buy” rating and set a $300.00 target price on shares of NICE in a research note on Wednesday, June 12th. Sixteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, NICE presently has a consensus rating of “Buy” and a consensus price target of $269.64.

NICE Price Performance

Shares of NICE stock opened at $180.94 on Thursday. The firm has a fifty day moving average of $176.61 and a two-hundred day moving average of $211.41. The firm has a market cap of $11.38 billion, a P/E ratio of 32.66, a P/E/G ratio of 1.49 and a beta of 1.04. NICE has a 1-year low of $149.54 and a 1-year high of $270.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.43 and a quick ratio of 2.43.

NICE (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, May 16th. The technology company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.13. NICE had a return on equity of 14.05% and a net margin of 14.92%. The business had revenue of $659.31 million during the quarter, compared to the consensus estimate of $654.81 million. As a group, research analysts anticipate that NICE will post 8.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Global Retirement Partners LLC lifted its holdings in NICE by 8.1% during the 1st quarter. Global Retirement Partners LLC now owns 590 shares of the technology company’s stock valued at $154,000 after purchasing an additional 44 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of NICE by 4.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 1,207 shares of the technology company’s stock worth $315,000 after purchasing an additional 47 shares during the last quarter. Spire Wealth Management grew its position in shares of NICE by 7.5% during the 4th quarter. Spire Wealth Management now owns 728 shares of the technology company’s stock worth $154,000 after buying an additional 51 shares during the period. Pacer Advisors Inc. boosted its stake in NICE by 11.1% during the 4th quarter. Pacer Advisors Inc. now owns 602 shares of the technology company’s stock worth $120,000 after acquiring an additional 60 shares during the last quarter. Finally, Lindbrook Capital LLC increased its position in shares of NICE by 46.3% in the 1st quarter. Lindbrook Capital LLC now owns 199 shares of the technology company’s stock valued at $52,000 after buying an additional 63 shares in the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

NICE Company Profile

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.