Nice (NICE) Price Target Raised to $166.00 at Jefferies Financial Group

Nice (NASDAQ:NICE) had its target price raised by Jefferies Financial Group to $166.00 in a research report released on Thursday morning, The Fly reports. The brokerage currently has a buy rating on the technology company’s stock.

NICE has been the topic of several other reports. BidaskClub raised Nice from a buy rating to a strong-buy rating in a report on Friday, April 19th. Zacks Investment Research raised Nice from a sell rating to a hold rating in a report on Wednesday, April 17th. DA Davidson increased their target price on Nice from $110.00 to $125.00 and gave the stock a neutral rating in a report on Wednesday, April 17th. Wedbush reissued a positive rating and set a $155.00 target price (up from $145.00) on shares of Nice in a report on Monday, April 22nd. Finally, Oppenheimer increased their target price on Nice from $125.00 to $145.00 and gave the stock an outperform rating in a report on Wednesday, April 17th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Nice currently has a consensus rating of Buy and an average target price of $142.67.

NICE opened at $144.24 on Thursday. The firm has a market cap of $8.79 billion, a PE ratio of 37.46, a P/E/G ratio of 3.26 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.

Nice (NASDAQ:NICE) last released its earnings results on Thursday, May 16th. The technology company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.27. The company had revenue of $377.00 million for the quarter, compared to analyst estimates of $375.18 million. Nice had a return on equity of 11.00% and a net margin of 11.63%. Nice’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 EPS. Equities analysts forecast that Nice will post 4.35 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlueCrest Capital Management Ltd bought a new position in shares of Nice during the first quarter worth about $688,000. HighTower Advisors LLC raised its position in shares of Nice by 2.2% during the first quarter. HighTower Advisors LLC now owns 16,433 shares of the technology company’s stock worth $1,990,000 after acquiring an additional 346 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Nice by 7.5% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,419 shares of the technology company’s stock worth $298,000 after acquiring an additional 169 shares during the last quarter. Morgan Stanley grew its stake in Nice by 2.3% during the first quarter. Morgan Stanley now owns 91,802 shares of the technology company’s stock worth $11,246,000 after purchasing an additional 2,034 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in 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 acquiring an additional 124 shares during the period. Institutional investors own 45.03% 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: Technical Indicators – What is a Golden Cross?

The Fly

Analyst Recommendations 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.