NICE (NASDAQ:NICE) Earns Neutral Rating from Piper Sandler

NICE (NASDAQ:NICE)‘s stock had its “neutral” rating reaffirmed by Piper Sandler in a research note issued on Thursday, MarketBeat Ratings reports.

NICE has been the subject of several other research reports. Barclays cut their price objective on NICE from $320.00 to $286.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $260.00 target price on shares of NICE in a research note on Thursday, October 3rd. Rosenblatt Securities restated a “buy” rating and issued a $225.00 price objective on shares of NICE in a report on Tuesday, August 13th. Northland Securities reduced their target price on shares of NICE from $305.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, August 16th. Finally, Citigroup lifted their target price on shares of NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, NICE has a consensus rating of “Moderate Buy” and an average price target of $260.57.

NICE Stock Down 5.3 %

NICE stock opened at $172.62 on Thursday. The stock has a 50-day simple moving average of $172.93 and a two-hundred day simple moving average of $178.34. NICE has a twelve month low of $151.52 and a twelve month high of $270.73. The firm has a market capitalization of $10.85 billion, a PE ratio of 28.82, a PEG ratio of 1.61 and a beta of 1.04. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.13.

NICE (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 EPS for the quarter, beating the consensus estimate of $2.58 by $0.06. NICE had a net margin of 15.55% and a return on equity of 14.68%. The company had revenue of $664.40 million during the quarter, compared to analysts’ expectations of $664.10 million. During the same quarter in the previous year, the company earned $1.63 earnings per share. NICE’s revenue for the quarter was up 14.3% on a year-over-year basis. On average, equities analysts predict that NICE will post 8.5 EPS for the current fiscal year.

Institutional Investors Weigh In On NICE

A number of large investors have recently made changes to their positions in the business. Capital Research Global Investors lifted its stake in NICE by 4.0% in the first quarter. Capital Research Global Investors now owns 5,181,366 shares of the technology company’s stock worth $1,350,367,000 after acquiring an additional 201,035 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its holdings in NICE by 21.6% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company’s stock worth $273,642,000 after purchasing an additional 279,375 shares in the last quarter. Black Creek Investment Management Inc. lifted its position in shares of NICE by 22.6% in the 2nd quarter. Black Creek Investment Management Inc. now owns 1,356,775 shares of the technology company’s stock worth $233,325,000 after purchasing an additional 250,334 shares during the period. Vulcan Value Partners LLC boosted its stake in shares of NICE by 49.7% during the 2nd quarter. Vulcan Value Partners LLC now owns 1,188,371 shares of the technology company’s stock valued at $204,168,000 after purchasing an additional 394,715 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of NICE by 12.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,056,537 shares of the technology company’s stock valued at $181,693,000 after buying an additional 117,749 shares during the period. 63.34% of the stock is currently owned by institutional investors.

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.