Nice (NICE) Earns Positive Rating from Wedbush

Nice (NASDAQ:NICE)‘s stock had its “positive” rating reaffirmed by analysts at Wedbush in a note issued to investors on Monday, The Fly reports. They presently have a $155.00 price target on the technology company’s stock, up from their prior price target of $145.00. Wedbush’s price objective points to a potential upside of 15.93% from the company’s current price.

A number of other research analysts have also issued reports on the company. BidaskClub lowered Nice from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Morgan Stanley boosted their target price on Nice from $107.00 to $117.00 and gave the company an “equal weight” rating in a report on Monday, January 7th. reaffirmed a “buy” rating and set a $125.00 price objective on shares of Nice in a report on Thursday, February 14th. ValuEngine lowered Nice from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 7th. Finally, JPMorgan Chase & Co. raised Nice from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $125.00 to $150.00 in a report on Thursday. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $132.70.

NASDAQ:NICE opened at $133.70 on Monday. The company has a market capitalization of $8.15 billion, a PE ratio of 34.73, a P/E/G ratio of 3.02 and a beta of 0.82. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.23. Nice has a 12-month low of $93.05 and a 12-month high of $133.83.

Nice (NASDAQ:NICE) last released its earnings results on Thursday, February 14th. The technology company reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.04. The business had revenue of $420.00 million for the quarter, compared to analyst estimates of $417.05 million. Nice had a return on equity of 9.15% and a net margin of 11.03%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 earnings per share. Equities analysts predict that Nice will post 4.35 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Navellier & Associates Inc boosted its position in Nice by 0.8% during the fourth quarter. Navellier & Associates Inc now owns 13,288 shares of the technology company’s stock worth $1,438,000 after purchasing an additional 105 shares in the last quarter. Citigroup Inc. boosted its position in Nice by 1.1% during the fourth quarter. Citigroup Inc. now owns 15,143 shares of the technology company’s stock worth $1,639,000 after purchasing an additional 168 shares in the last quarter. Dorsey Wright & Associates boosted its position in Nice by 0.3% during the first quarter. Dorsey Wright & Associates now owns 57,958 shares of the technology company’s stock worth $7,100,000 after purchasing an additional 191 shares in the last quarter. Financial Gravity Wealth Inc. purchased a new stake in Nice during the first quarter worth $26,000. Finally, Tlwm boosted its position in Nice by 3.4% during the fourth quarter. Tlwm now owns 6,405 shares of the technology company’s stock worth $680,000 after purchasing an additional 210 shares in the last quarter. Institutional investors own 45.18% of the company’s stock.

About Nice

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.

See Also: Compound Annual Growth Rate (CAGR)

The Fly

Analyst Recommendations for Nice (NASDAQ:NICE)

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