Shares of Nice Ltd (NASDAQ:NICE) shot up 0.7% during trading on Friday following a better than expected earnings announcement. The company traded as high as $144.81 and last traded at $144.86. 3,163 shares traded hands during trading, a decline of 98% from the average session volume of 199,653 shares. The stock had previously closed at $143.90.
The technology company reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.27. Nice had a net margin of 11.63% and a return on equity of 11.00%. The company had revenue of $377.00 million for the quarter, compared to analyst estimates of $375.18 million. During the same period in the prior year, the business earned $1.03 earnings per share. Nice’s quarterly revenue was up 12.4% on a year-over-year basis.
A number of brokerages have recently issued reports on NICE. Citigroup upped their target price on shares of Nice from $117.00 to $137.00 and gave the stock a “neutral” rating in a research report on Friday. Jefferies Financial Group upped their target price on shares of Nice to $166.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley upped their target price on shares of Nice from $117.00 to $128.00 and gave the stock an “equal weight” rating in a research report on Friday. JMP Securities upped their target price on shares of Nice from $140.00 to $164.00 and gave the stock a “market outperform” rating in a research report on Friday. Finally, DA Davidson upped their target price on shares of Nice to $140.00 and gave the stock a “neutral” rating in a research report on Friday. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $142.67.
The firm has a market cap of $8.77 billion, a price-to-earnings ratio of 37.46, a P/E/G ratio of 3.25 and a beta of 0.86. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.23.
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Nice Company Profile (NASDAQ:NICE)
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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