Nice (NASDAQ:NICE) Given Outperform Rating at Royal Bank Of Canada

Royal Bank Of Canada restated their outperform rating on shares of Nice (NASDAQ:NICE) in a research report released on Wednesday morning,Benzinga reports. Royal Bank Of Canada currently has a $200.00 price objective on the technology company’s stock.

Several other equities analysts have also commented on the stock. Citigroup dropped their price target on shares of Nice from $214.00 to $211.00 and set a “buy” rating for the company in a research report on Monday, May 19th. JMP Securities reissued a “market outperform” rating and set a $300.00 price objective on shares of Nice in a research note on Wednesday. Rosenblatt Securities restated a “buy” rating and set a $190.00 price objective on shares of Nice in a report on Wednesday. Barclays cut their target price on Nice from $286.00 to $226.00 and set an “overweight” rating on the stock in a research report on Friday, February 21st. Finally, Morgan Stanley reduced their target price on Nice from $235.00 to $202.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.75.

Nice Trading Down 1.6%

Nice stock opened at $162.61 on Wednesday. The stock has a fifty day moving average price of $162.36 and a 200 day moving average price of $163.19. Nice has a 52 week low of $137.19 and a 52 week high of $200.65. The firm has a market capitalization of $10.29 billion, a P/E ratio of 22.68, a PEG ratio of 1.50 and a beta of 1.01.

Nice (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, May 15th. The technology company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.84 by $0.03. Nice had a return on equity of 16.37% and a net margin of 16.77%. The company had revenue of $700.19 million during the quarter, compared to analysts’ expectations of $699.46 million. During the same quarter in the previous year, the business earned $2.58 EPS. The firm’s revenue was up 6.2% on a year-over-year basis. As a group, equities analysts predict that Nice will post 9.85 EPS for the current year.

Hedge Funds Weigh In On Nice

Several large investors have recently modified their holdings of NICE. Tradewinds Capital Management LLC bought a new position in Nice during the 4th quarter worth approximately $25,000. Anchor Investment Management LLC increased its holdings in shares of Nice by 200.0% in the 4th quarter. Anchor Investment Management LLC now owns 150 shares of the technology company’s stock valued at $25,000 after acquiring an additional 100 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in shares of Nice during the 4th quarter valued at approximately $25,000. McIlrath & Eck LLC lifted its stake in Nice by 56.9% during the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock worth $27,000 after purchasing an additional 58 shares during the last quarter. Finally, NBC Securities Inc. bought a new position in Nice during the first quarter worth $34,000. Institutional investors own 63.34% of the company’s stock.

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.