NICE (NASDAQ:NICE) Receives “Neutral” Rating from Piper Sandler

Piper Sandler reaffirmed their neutral rating on shares of NICE (NASDAQ:NICE) in a research note issued to investors on Thursday morning, Marketbeat Ratings reports.

Several other analysts also recently weighed in on the company. Rosenblatt Securities restated a “buy” rating and set a $225.00 target price on shares of NICE in a research note on Tuesday, August 13th. Northland Securities reduced their price objective on NICE from $305.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, August 16th. Citigroup boosted their target price on shares of NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research report on Wednesday. Royal Bank of Canada reissued an “outperform” rating and issued a $260.00 price target on shares of NICE in a report on Thursday, October 3rd. Finally, JMP Securities restated a “market outperform” rating and set a $300.00 price objective on shares of NICE in a report on Friday, August 16th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $260.57.

NICE Stock Performance

Shares of NASDAQ:NICE traded down $9.92 during trading on Thursday, reaching $172.27. The stock had a trading volume of 656,830 shares, compared to its average volume of 522,965. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of $172.66 and a two-hundred day simple moving average of $178.70. The firm has a market capitalization of $10.83 billion, a price-to-earnings ratio of 29.03, a P/E/G ratio of 1.61 and a beta of 1.04. NICE has a 52 week low of $151.52 and a 52 week high of $270.73.

NICE (NASDAQ:NICE) last released its earnings results on Thursday, August 15th. The technology company reported $2.64 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.06. The firm had revenue of $664.40 million during the quarter, compared to analyst estimates of $664.10 million. NICE had a net margin of 15.55% and a return on equity of 14.68%. The business’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.63 EPS. As a group, analysts anticipate that NICE will post 8.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NICE. QRG Capital Management Inc. acquired a new position in shares of NICE in the 1st quarter worth approximately $813,000. Avantax Advisory Services Inc. acquired a new stake in shares of NICE in the first quarter valued at $298,000. ProShare Advisors LLC bought a new position in shares of NICE in the first quarter valued at about $313,000. Blair William & Co. IL lifted its position in NICE by 22.9% during the 1st quarter. Blair William & Co. IL now owns 5,873 shares of the technology company’s stock worth $1,531,000 after buying an additional 1,096 shares in the last quarter. Finally, Orion Portfolio Solutions LLC grew its holdings in NICE by 38.2% during the 1st quarter. Orion Portfolio Solutions LLC now owns 6,329 shares of the technology company’s stock worth $1,649,000 after acquiring an additional 1,750 shares during the last quarter. 63.34% of the stock is owned by institutional investors.

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 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.