Nice (NASDAQ:NICE) Posts Quarterly Earnings Results, Hits Estimates

Nice (NASDAQ:NICE) posted its earnings results on Thursday. The technology company reported $1.02 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.02, Morningstar.com reports. Nice had a return on equity of 12.27% and a net margin of 11.85%. The firm had revenue of $381.40 million for the quarter, compared to analysts’ expectations of $378.80 million. During the same period in the previous year, the firm earned $1.06 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year.

Shares of NASDAQ NICE traded up $0.02 during mid-day trading on Friday, hitting $153.67. 329,571 shares of the stock traded hands, compared to its average volume of 263,268. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.31 and a current ratio of 1.31. Nice has a 52 week low of $100.54 and a 52 week high of $155.76. The company has a market capitalization of $9.49 billion, a P/E ratio of 39.91, a price-to-earnings-growth ratio of 3.44 and a beta of 0.74. The stock has a fifty day moving average of $145.94.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Financial Counselors Inc. bought a new stake in shares of Nice during the first quarter valued at approximately $209,000. Macquarie Group Ltd. bought a new stake in shares of Nice during the fourth quarter valued at approximately $246,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Nice by 179.2% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 88,751 shares of the technology company’s stock worth $12,159,000 after acquiring an additional 56,963 shares in the last quarter. West Coast Financial LLC bought a new stake in Nice in the second quarter worth $201,000. Finally, FMR LLC boosted its holdings in Nice by 63.8% in the fourth quarter. FMR LLC now owns 643,304 shares of the technology company’s stock worth $69,612,000 after acquiring an additional 250,650 shares in the last quarter. Institutional investors own 45.50% of the company’s stock.



NICE has been the topic of several research analyst reports. DA Davidson boosted their target price on Nice to $140.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Citigroup boosted their target price on Nice from $117.00 to $137.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Oppenheimer boosted their target price on Nice from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Morgan Stanley boosted their target price on Nice from $117.00 to $128.00 and gave the company an “equal weight” rating in a research note on Friday, May 17th. Finally, Barclays boosted their target price on Nice from $124.00 to $150.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $149.42.

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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Earnings History for Nice (NASDAQ:NICE)

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