Shares of Nice Ltd (NASDAQ:NICE) have been given a consensus recommendation of “Hold” by the eight research firms that are presently covering the firm. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $76.75.
A number of analysts recently issued reports on the company. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $80.00 price objective on shares of Nice in a report on Friday, May 12th. Zacks Investment Research cut Nice from a “hold” rating to a “strong sell” rating in a report on Thursday, May 11th. Chardan Capital reissued a “buy” rating on shares of Nice in a report on Tuesday, February 21st. Barclays PLC set a $75.00 price objective on Nice and gave the stock a “hold” rating in a report on Saturday, February 18th. Finally, Goldman Sachs Group Inc assumed coverage on Nice in a report on Friday, February 10th. They set a “neutral” rating and a $76.00 price objective on the stock.
Nice (NASDAQ:NICE) traded up 0.12% on Friday, reaching $74.33. The company had a trading volume of 86,243 shares. Nice has a 12-month low of $59.07 and a 12-month high of $76.16. The stock has a market capitalization of $4.47 billion, a P/E ratio of 45.88 and a beta of 0.85. The stock’s 50-day moving average price is $69.74 and its 200-day moving average price is $68.32.
Nice (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, May 4th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.11. The business had revenue of $305.62 million for the quarter, compared to analysts’ expectations of $308.97 million. Nice had a return on equity of 13.28% and a net margin of 15.35%. On average, equities research analysts anticipate that Nice will post $3.97 EPS for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new stake in Nice during the fourth quarter valued at $643,000. Investec Asset Management LTD boosted its stake in Nice by 1.8% in the fourth quarter. Investec Asset Management LTD now owns 755,423 shares of the technology company’s stock valued at $51,943,000 after buying an additional 13,685 shares during the last quarter. Denver Investment Advisors LLC boosted its stake in Nice by 33.4% in the fourth quarter. Denver Investment Advisors LLC now owns 216,554 shares of the technology company’s stock valued at $14,890,000 after buying an additional 54,257 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Nice by 0.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,696,713 shares of the technology company’s stock valued at $116,666,000 after buying an additional 10,500 shares during the last quarter. Finally, Axiom International Investors LLC DE boosted its stake in Nice by 37.1% in the fourth quarter. Axiom International Investors LLC DE now owns 77,275 shares of the technology company’s stock valued at $5,313,000 after buying an additional 20,908 shares during the last quarter. 39.93% of the stock is currently owned by hedge funds and other institutional investors.
NICE Ltd., formerly NICE-Systems Ltd., is a global enterprise software provider. The Company’s segments include Customer Interactions Solutions, and Financial Crime and Compliance Solutions. The Customer Interactions Solutions segment provides data driven insights that enable businesses to deliver personalized experience to customers.
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