Cantor Fitzgerald Issues Positive Outlook for NICE Earnings

NICE Ltd. (NASDAQ:NICE) – Cantor Fitzgerald boosted their FY2025 earnings per share estimates for NICE in a research note issued on Monday, May 19th. Cantor Fitzgerald analyst T. Blakey now expects that the technology company will post earnings of $10.03 per share for the year, up from their prior forecast of $9.92. Cantor Fitzgerald currently has a “Neutral” rating and a $161.00 price target on the stock. The consensus estimate for NICE’s current full-year earnings is $9.85 per share.

NICE (NASDAQ:NICE) last announced its quarterly earnings results on Thursday, May 15th. The technology company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.03. NICE had a return on equity of 16.17% and a net margin of 16.18%. The company had revenue of $700.19 million during the quarter, compared to analysts’ expectations of $699.46 million. During the same period last year, the business earned $2.58 earnings per share. NICE’s quarterly revenue was up 6.2% on a year-over-year basis.

NICE has been the subject of a number of other research reports. DA Davidson lifted their price objective on shares of NICE from $180.00 to $185.00 and gave the company a “buy” rating in a report on Friday, May 16th. Barclays reduced their price target on NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a report on Friday, February 21st. Wedbush reaffirmed an “outperform” rating and issued a $200.00 price target on shares of NICE in a research note on Friday, May 16th. Citigroup reduced their price objective on NICE from $214.00 to $211.00 and set a “buy” rating for the company in a research note on Monday. Finally, JMP Securities reiterated a “market outperform” rating and issued a $300.00 target price on shares of NICE in a research report on Friday, May 16th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $211.50.

NICE Price Performance

NICE opened at $166.48 on Wednesday. The firm has a fifty day moving average price of $155.02 and a 200 day moving average price of $165.08. NICE has a 1 year low of $137.19 and a 1 year high of $202.33. The stock has a market cap of $10.53 billion, a P/E ratio of 24.63, a P/E/G ratio of 1.07 and a beta of 1.03.

Hedge Funds Weigh In On NICE

A number of hedge funds have recently modified their holdings of the business. Avion Wealth purchased a new stake in NICE in the 4th quarter valued at about $25,000. Tradewinds Capital Management LLC acquired a new stake in shares of NICE during the fourth quarter valued at about $25,000. Anchor Investment Management LLC raised its stake in shares of NICE by 200.0% in the 4th quarter. Anchor Investment Management LLC now owns 150 shares of the technology company’s stock valued at $25,000 after acquiring an additional 100 shares during the period. Park Square Financial Group LLC acquired a new position in shares of NICE in the 4th quarter worth approximately $25,000. Finally, McIlrath & Eck LLC boosted its position in shares of NICE by 56.9% during the 4th quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock worth $27,000 after purchasing an additional 58 shares during the period. 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.