NICE (NASDAQ:NICE – Get Rating) updated its FY 2022 earnings guidance on Thursday. The company provided earnings per share guidance of $7.25-$7.45 for the period, compared to the consensus earnings per share estimate of $7.19. The company issued revenue guidance of $2.16 billion-$2.18 billion, compared to the consensus revenue estimate of $2.15 billion.NICE also updated its Q2 2022 guidance to $1.75-$1.85 EPS.
Several equities analysts have issued reports on the company. TheStreet downgraded NICE from a b rating to a c+ rating in a research report on Monday, March 7th. Zacks Investment Research upgraded NICE from a sell rating to a hold rating in a research report on Wednesday, April 20th. Citigroup dropped their target price on NICE from $314.00 to $306.00 in a research report on Friday, February 18th. Royal Bank of Canada dropped their target price on NICE from $365.00 to $240.00 in a research report on Friday, May 13th. Finally, Jefferies Financial Group dropped their target price on NICE from $260.00 to $225.00 in a research report on Thursday, May 12th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, NICE presently has an average rating of Buy and an average price target of $277.29.
Shares of NICE traded up $4.44 during trading hours on Thursday, reaching $198.89. The stock had a trading volume of 231,959 shares, compared to its average volume of 294,960. NICE has a 12 month low of $179.13 and a 12 month high of $319.88. The stock has a market capitalization of $12.62 billion, a PE ratio of 66.30, a PEG ratio of 2.54 and a beta of 0.85. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.88 and a current ratio of 1.88. The company’s 50-day moving average is $207.84 and its two-hundred day moving average is $246.79.
Large investors have recently made changes to their positions in the stock. NEXT Financial Group Inc grew its holdings in NICE by 110.8% during the 4th quarter. NEXT Financial Group Inc now owns 215 shares of the technology company’s stock worth $65,000 after acquiring an additional 113 shares during the period. Loomis Sayles & Co. L P grew its holdings in NICE by 25.2% during the 1st quarter. Loomis Sayles & Co. L P now owns 298 shares of the technology company’s stock worth $65,000 after acquiring an additional 60 shares during the period. Guggenheim Capital LLC acquired a new stake in shares of NICE in the 4th quarter valued at about $201,000. Cetera Investment Advisers grew its stake in shares of NICE by 7.7% in the 4th quarter. Cetera Investment Advisers now owns 801 shares of the technology company’s stock valued at $243,000 after buying an additional 57 shares during the period. Finally, West Family Investments Inc. grew its stake in shares of NICE by 27.3% in the 1st quarter. West Family Investments Inc. now owns 960 shares of the technology company’s stock valued at $210,000 after buying an additional 206 shares during the period. 70.48% of the stock is owned by institutional investors and hedge funds.
NICE Company Profile (Get Rating)
NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform that supports contact centers ranging from small single sites to distributed remote agents and enterprises; Enlighten, an AI engine for CX that discovers automation opportunities for self-service; digital-entry points solutions that 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 connecting them using real time AI-based routing.
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