NICE’s (NICE) Maintains Rating Reaffirmed at Barclays

Barclays reiterated their maintains rating on shares of NICE (NASDAQ:NICE – Get Rating) in a research note released on Tuesday, Benzinga reports.

A number of other brokerages have also commented on NICE. Royal Bank of Canada cut their price objective on shares of NICE from $365.00 to $240.00 in a research report on Friday, May 13th. StockNews.com lowered shares of NICE from a strong-buy rating to a buy rating in a research report on Friday, June 10th. Jefferies Financial Group cut their price objective on shares of NICE from $260.00 to $225.00 in a research report on Thursday, May 12th. Finally, Morgan Stanley cut their price objective on shares of NICE from $260.00 to $235.00 and set an equal weight rating on the stock in a research report on Thursday, July 14th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $272.00.

NICE Price Performance

NICE traded up $3.14 during midday trading on Tuesday, hitting $209.68. The company had a trading volume of 1,917 shares, compared to its average volume of 269,502. 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 has a market capitalization of $13.31 billion, a PE ratio of 69.04, a P/E/G ratio of 2.80 and a beta of 0.83. NICE has a twelve month low of $179.13 and a twelve month high of $319.88. The firm’s 50-day simple moving average is $199.28 and its 200-day simple moving average is $217.40.

NICE (NASDAQ:NICE – Get Rating) last issued its quarterly earnings data on Thursday, May 12th. The technology company reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). NICE had a net margin of 10.10% and a return on equity of 11.43%. The firm had revenue of $527.43 million for the quarter, compared to analyst estimates of $510.64 million. Equities research analysts predict that NICE will post 5.41 EPS for the current fiscal year.

Hedge Funds Weigh In On NICE

Several institutional investors and hedge funds have recently modified their holdings of the stock. DGS Capital Management LLC acquired a new position in shares of NICE in the second quarter valued at $288,000. Vontobel Holding Ltd. grew its stake in shares of NICE by 197.8% in the second quarter. Vontobel Holding Ltd. now owns 4,479 shares of the technology company’s stock valued at $862,000 after acquiring an additional 2,975 shares in the last quarter. Sturgeon Ventures LLP acquired a new position in shares of NICE in the second quarter valued at about $1,826,000. Legacy Advisors LLC lifted its position in NICE by 68.6% during the second quarter. Legacy Advisors LLC now owns 2,649 shares of the technology company’s stock worth $510,000 after purchasing an additional 1,078 shares during the period. Finally, Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management lifted its position in NICE by 84.8% during the second quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management now owns 43,598 shares of the technology company’s stock worth $8,391,000 after purchasing an additional 20,000 shares during the period. 70.48% of the stock is currently 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.