Nice (NICE) Posts Quarterly Earnings Results, Beats Expectations By $0.27 EPS

Nice (NASDAQ:NICE) issued its earnings results on Thursday. The technology company reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.27, MarketWatch Earnings reports. The business had revenue of $377.00 million for the quarter, compared to the consensus estimate of $375.18 million. Nice had a net margin of 11.63% and a return on equity of 11.00%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 earnings per share.

NICE stock opened at $144.24 on Friday. The stock has a market cap of $8.77 billion, a P/E ratio of 42.83, a P/E/G ratio of 3.25 and a beta of 0.86. Nice has a 52 week low of $100.54 and a 52 week high of $146.89. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.23.

Hedge funds have recently added to or reduced their stakes in the stock. BlueCrest Capital Management Ltd acquired a new position in shares of Nice in the first quarter valued at approximately $688,000. HighTower Advisors LLC raised its position in shares of Nice by 2.2% in the first quarter. HighTower Advisors LLC now owns 16,433 shares of the technology company’s stock valued at $1,990,000 after buying an additional 346 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Nice by 7.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,419 shares of the technology company’s stock valued at $298,000 after buying an additional 169 shares during the last quarter. Morgan Stanley raised its position in shares of Nice by 2.3% in the first quarter. Morgan Stanley now owns 91,802 shares of the technology company’s stock valued at $11,246,000 after buying an additional 2,034 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Nice by 2.3% in the first quarter. Advisors Asset Management Inc. now owns 5,489 shares of the technology company’s stock valued at $672,000 after buying an additional 124 shares during the last quarter. 45.03% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently weighed in on NICE. Citigroup lifted their target price on shares of Nice from $117.00 to $137.00 and gave the company a “neutral” rating in a report on Friday. DA Davidson lifted their target price on shares of Nice to $140.00 and gave the company a “neutral” rating in a report on Friday. Morgan Stanley lifted their target price on shares of Nice from $117.00 to $128.00 and gave the company an “equal weight” rating in a report on Friday. JMP Securities lifted their target price on shares of Nice from $140.00 to $164.00 and gave the company a “market outperform” rating in a report on Friday. Finally, Jefferies Financial Group lifted their target price on shares of Nice to $166.00 and gave the company a “buy” rating in a report on Thursday. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $142.67.

ILLEGAL ACTIVITY NOTICE: “Nice (NICE) Posts Quarterly Earnings Results, Beats Expectations By $0.27 EPS” was originally posted by WKRB News and is owned by of WKRB News. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark law. The legal version of this piece of content can be accessed at https://www.wkrb13.com/2019/05/18/nice-nice-posts-quarterly-earnings-results-beats-expectations-by-0-27-eps.html.

Nice Company Profile

NICE Ltd. provides enterprise software solutions worldwide. The company 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 optimize business performance and ensure compliance.

Featured Story: Return on Equity (ROE)

Earnings History for Nice (NASDAQ:NICE)

Receive News & Ratings for Nice Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nice and related companies with MarketBeat.com's FREE daily email newsletter.