NICE (NASDAQ:NICE) Given “Outperform” Rating at Wedbush

Wedbush restated their outperform rating on shares of NICE (NASDAQ:NICE) in a research report report published on Friday morning,Benzinga reports. Wedbush currently has a $200.00 target price on the technology company’s stock.

Other analysts have also recently issued reports about the company. DA Davidson raised their target price on NICE from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday. Cantor Fitzgerald cut their target price on NICE from $176.00 to $161.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of NICE in a research note on Wednesday, March 19th. Rosenblatt Securities raised their target price on NICE from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Citigroup cut their target price on NICE from $279.00 to $228.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $221.79.

NICE Stock Up 1.4%

Shares of NICE opened at $163.43 on Friday. The stock has a market capitalization of $10.34 billion, a P/E ratio of 24.18, a PEG ratio of 1.07 and a beta of 1.03. NICE has a twelve month low of $137.19 and a twelve month high of $202.96. The firm has a fifty day simple moving average of $153.97 and a two-hundred day simple moving average of $165.25.

NICE (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, May 15th. The technology company reported $2.29 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.55). The firm had revenue of $700.19 million for the quarter, compared to the consensus estimate of $699.46 million. NICE had a net margin of 16.18% and a return on equity of 16.17%. Sell-side analysts expect that NICE will post 9.85 EPS for the current fiscal year.

Hedge Funds Weigh In On NICE

Large investors have recently made changes to their positions in the business. Sanctuary Advisors LLC lifted its holdings in shares of NICE by 329.9% during the fourth quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company’s stock valued at $948,000 after purchasing an additional 4,407 shares during the last quarter. Clear Creek Financial Management LLC lifted its holdings in shares of NICE by 106.5% during the fourth quarter. Clear Creek Financial Management LLC now owns 4,303 shares of the technology company’s stock valued at $731,000 after purchasing an additional 2,219 shares during the last quarter. Ceera Investments LLC purchased a new position in shares of NICE during the fourth quarter valued at approximately $4,963,000. Haven Capital Group Inc. purchased a new position in shares of NICE during the fourth quarter valued at approximately $5,577,000. Finally, Level Wealth Management LLC purchased a new position in shares of NICE during the fourth quarter valued at approximately $487,000. 63.34% of the stock is currently owned by hedge funds and other 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.