Nice (NASDAQ:NICE) had its price target boosted by analysts at Oppenheimer from $230.00 to $250.00 in a research note issued on Wednesday, The Fly reports. The firm presently has an “outperform” rating on the technology company’s stock. Oppenheimer’s target price points to a potential upside of 15.39% from the company’s current price.

NICE has been the subject of a number of other research reports. BidaskClub cut Nice from a “buy” rating to a “hold” rating in a report on Tuesday. Citigroup upgraded Nice from a “neutral” rating to a “buy” rating and set a $221.00 target price for the company in a report on Thursday, July 9th. JPMorgan Chase & Co. cut Nice from a “neutral” rating to an “underweight” rating and set a $172.00 target price for the company. in a report on Friday, June 26th. Jefferies Financial Group raised their price objective on Nice from $195.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, August 6th. They noted that the move was a valuation call. Finally, Morgan Stanley raised their price objective on Nice from $156.00 to $212.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Nice currently has an average rating of “Hold” and an average target price of $210.00.

Nice stock traded up $2.12 during mid-day trading on Wednesday, hitting $216.66. 1,864 shares of the company’s stock were exchanged, compared to its average volume of 277,698. The firm has a market capitalization of $13.39 billion, a P/E ratio of 71.57, a PEG ratio of 4.63 and a beta of 0.82. Nice has a fifty-two week low of $110.59 and a fifty-two week high of $238.35. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.09. The company’s 50 day simple moving average is $218.50 and its 200-day simple moving average is $183.65.

Nice (NASDAQ:NICE) last released its earnings results on Thursday, August 6th. The technology company reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.05. The firm had revenue of $395.10 million during the quarter, compared to analysts’ expectations of $392.14 million. Nice had a return on equity of 12.82% and a net margin of 12.21%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 EPS. Research analysts expect that Nice will post 4.6 EPS for the current year.

A number of institutional investors have recently bought and sold shares of NICE. First Trust Advisors LP acquired a new stake in Nice during the first quarter worth approximately $705,000. Fifth Third Bancorp lifted its position in Nice by 11.3% during the first quarter. Fifth Third Bancorp now owns 1,404 shares of the technology company’s stock worth $202,000 after acquiring an additional 143 shares during the last quarter. TimesSquare Capital Management LLC lifted its position in Nice by 2.9% during the first quarter. TimesSquare Capital Management LLC now owns 122,850 shares of the technology company’s stock worth $17,636,000 after acquiring an additional 3,500 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Nice by 9.9% during the first quarter. PNC Financial Services Group Inc. now owns 7,421 shares of the technology company’s stock worth $1,064,000 after acquiring an additional 667 shares during the last quarter. Finally, WCM Investment Management LLC acquired a new stake in Nice during the first quarter worth approximately $202,000. Institutional investors and hedge funds own 54.31% of the company’s stock.

Nice Company Profile

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.

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Analyst Recommendations for Nice (NASDAQ:NICE)

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