Rosenblatt Securities started coverage on shares of NICE (NASDAQ:NICE – Free Report) in a research note released on Tuesday morning, MarketBeat reports. The firm issued a buy rating and a $285.00 price objective on the technology company’s stock.
Several other equities analysts also recently issued reports on the stock. Citigroup upped their price objective on shares of NICE from $283.00 to $334.00 and gave the company a buy rating in a research note on Wednesday, February 21st. Northland Securities initiated coverage on shares of NICE in a research note on Tuesday, January 30th. They set an outperform rating and a $300.00 price objective on the stock. Barclays upped their price objective on shares of NICE from $283.00 to $320.00 and gave the company an overweight rating in a research note on Friday, February 23rd. Royal Bank of Canada upped their price objective on shares of NICE from $238.00 to $285.00 and gave the company an outperform rating in a research note on Friday, February 23rd. Finally, TheStreet raised shares of NICE from a c+ rating to a b- rating in a research note on Tuesday, February 6th. Thirteen analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of Buy and a consensus price target of $291.00.
Check Out Our Latest Stock Analysis on NICE
NICE Stock Down 1.6 %
NICE (NASDAQ:NICE – Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The technology company reported $2.36 EPS for the quarter, beating the consensus estimate of $2.26 by $0.10. The business had revenue of $623.20 million for the quarter, compared to analyst estimates of $616.83 million. NICE had a net margin of 14.23% and a return on equity of 13.29%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.40 earnings per share. Equities analysts expect that NICE will post 8.21 earnings per share for the current fiscal year.
Hedge Funds Weigh In On NICE
A number of hedge funds have recently made changes to their positions in NICE. GAMMA Investing LLC purchased a new position in shares of NICE in the 4th quarter valued at $25,000. Lindbrook Capital LLC raised its stake in shares of NICE by 88.9% in the 4th quarter. Lindbrook Capital LLC now owns 136 shares of the technology company’s stock valued at $27,000 after acquiring an additional 64 shares during the period. McGlone Suttner Wealth Management Inc. purchased a new position in shares of NICE in the 4th quarter valued at $29,000. Cary Street Partners Investment Advisory LLC acquired a new stake in NICE during the 3rd quarter valued at $37,000. Finally, Principal Securities Inc. acquired a new stake in NICE during the 4th quarter valued at $64,000. Hedge funds and other institutional investors own 63.34% of the company’s stock.
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.
Read More
- Five stocks we like better than NICE
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Hasbro’s Management Made All the Right Calls This Quarter
- Utilities Stocks Explained – How and Why to Invest in Utilities
- Caterpillar’s Market Reset Isn’t Over: Get Ready for Lower Prices
- Are Penny Stocks a Good Fit for Your Portfolio?
- Power Surge: Utilities Sector’s Resilience Shines
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.