Brokerages Set NICE Ltd. (NASDAQ:NICE) Target Price at $291.55

Shares of NICE Ltd. (NASDAQ:NICE) have earned an average rating of “Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat reports. Eleven research analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $291.55.

Several equities research analysts recently issued reports on NICE shares. DA Davidson upgraded shares of NICE from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $250.00 to $300.00 in a research report on Wednesday, March 13th. Citigroup raised their price objective on shares of NICE from $283.00 to $334.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Oppenheimer raised their price objective on shares of NICE from $225.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Mizuho lifted their price target on shares of NICE from $244.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Finally, TheStreet upgraded shares of NICE from a “c+” rating to a “b-” rating in a research report on Tuesday, February 6th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Virtu Financial LLC grew its holdings in shares of NICE by 65.3% in the fourth quarter. Virtu Financial LLC now owns 4,462 shares of the technology company’s stock valued at $890,000 after purchasing an additional 1,763 shares in the last quarter. GLOBALT Investments LLC GA acquired a new position in shares of NICE in the fourth quarter valued at approximately $1,466,000. Aurora Investment Counsel grew its holdings in shares of NICE by 16.3% in the fourth quarter. Aurora Investment Counsel now owns 10,653 shares of the technology company’s stock valued at $2,203,000 after purchasing an additional 1,496 shares in the last quarter. Employees Retirement System of Texas grew its holdings in shares of NICE by 29.6% in the fourth quarter. Employees Retirement System of Texas now owns 5,140 shares of the technology company’s stock valued at $1,025,000 after purchasing an additional 1,175 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in NICE by 35.6% in the fourth quarter. Legal & General Group Plc now owns 32,668 shares of the technology company’s stock worth $6,518,000 after acquiring an additional 8,572 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

NICE Stock Performance

NASDAQ NICE opened at $260.62 on Monday. NICE has a fifty-two week low of $149.54 and a fifty-two week high of $270.73. The firm has a market capitalization of $16.58 billion, a P/E ratio of 51.20, a price-to-earnings-growth ratio of 2.30 and a beta of 1.02. The stock’s fifty day moving average is $233.58 and its two-hundred day moving average is $200.66. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.45 and a current ratio of 2.06.

NICE (NASDAQ:NICE) last released its quarterly earnings data on Thursday, February 22nd. The technology company reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.10. NICE had a net margin of 14.23% and a return on equity of 13.29%. The firm had revenue of $623.20 million during the quarter, compared to analysts’ expectations of $616.83 million. During the same period last year, the business earned $1.40 earnings per share. NICE’s revenue was up 9.6% compared to the same quarter last year. On average, research analysts anticipate that NICE will post 8.21 earnings per share for the current year.

About NICE

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 CX that discovers automation opportunities for self-service; digital-entry points solutions that 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.