Royal Bank of Canada Boosts Nice (NICE) Price Target to $120.00

Nice (NASDAQ:NICE) had its target price upped by Royal Bank of Canada to $120.00 in a report released on Friday, The Fly reports. The firm currently has a market perform rating on the technology company’s stock.

Several other equities research analysts have also commented on the stock. Wedbush assumed coverage on shares of Nice in a research note on Thursday, October 18th. They issued an outperform rating and a $130.00 price target on the stock. Zacks Investment Research lowered shares of Nice from a buy rating to a hold rating in a research note on Thursday, October 11th. Jefferies Financial Group raised their price target on shares of Nice to $132.00 and gave the company a buy rating in a research note on Thursday, September 20th. They noted that the move was a valuation call. BidaskClub lowered shares of Nice from a buy rating to a hold rating in a research note on Thursday, September 20th. Finally, JPMorgan Chase & Co. raised their price target on shares of Nice from $104.00 to $110.00 and gave the company a neutral rating in a research note on Friday, August 10th. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $112.73.

NICE traded up $0.37 on Friday, hitting $113.52. 209,251 shares of the company’s stock were exchanged, compared to its average volume of 191,044. The firm has a market cap of $6.53 billion, a price-to-earnings ratio of 49.14, a price-to-earnings-growth ratio of 4.13 and a beta of 0.87. Nice has a twelve month low of $82.72 and a twelve month high of $119.83. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.24.

Nice (NASDAQ:NICE) last released its quarterly earnings data on Thursday, November 8th. The technology company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.04). The business had revenue of $356.45 million for the quarter, compared to analyst estimates of $350.67 million. Nice had a return on equity of 9.15% and a net margin of 11.73%. Research analysts anticipate that Nice will post 2.56 earnings per share for the current year.

Several large investors have recently made changes to their positions in NICE. FMR LLC lifted its position in Nice by 25.1% in the 3rd quarter. FMR LLC now owns 392,654 shares of the technology company’s stock worth $44,947,000 after buying an additional 78,885 shares in the last quarter. BlackRock Inc. purchased a new stake in Nice in the 3rd quarter worth approximately $1,510,000. PNC Financial Services Group Inc. lifted its position in Nice by 8.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,479 shares of the technology company’s stock worth $743,000 after buying an additional 529 shares in the last quarter. Carmichael Hill & Associates Inc. purchased a new stake in Nice in the 3rd quarter worth approximately $206,000. Finally, Janus Henderson Group PLC lifted its position in Nice by 1.0% in the 3rd quarter. Janus Henderson Group PLC now owns 5,084,193 shares of the technology company’s stock worth $581,988,000 after buying an additional 48,091 shares in the last quarter. Institutional investors own 44.26% of the company’s stock.

About Nice

NICE Ltd. provides enterprise software solutions worldwide. It operates in two segments, Customer Engagement and Financial Crime and Compliance. The Customer Engagement segment offers platform and solutions that empower businesses to deliver consistent and personalized experience across the customer journey, and delivered in the cloud, as well as on premise.

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