NICE (NASDAQ:NICE) Updates FY 2021 Earnings Guidance

NICE (NASDAQ:NICE) updated its FY 2021 earnings guidance on Thursday. The company provided earnings per share guidance of $6.430-$6.530 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.370. The company issued revenue guidance of $1.90 billion-$1.91 billion, compared to the consensus revenue estimate of $1.85 billion.

Several research firms have weighed in on NICE. Jefferies Financial Group raised their target price on NICE from $320.00 to $350.00 and gave the company a buy rating in a report on Thursday, November 11th. Zacks Investment Research lowered NICE from a buy rating to a hold rating in a report on Saturday, November 20th. JMP Securities raised their target price on NICE from $302.00 to $343.00 and gave the company an outperform rating in a report on Thursday, September 9th. Royal Bank of Canada lifted their price objective on NICE from $325.00 to $365.00 and gave the stock an outperform rating in a research note on Friday, November 12th. Finally, Citigroup lifted their price objective on NICE from $328.00 to $364.00 and gave the stock a neutral rating in a research note on Friday, November 12th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NICE presently has an average rating of Buy and a consensus price target of $315.69.

NICE stock traded up $2.09 during trading on Thursday, reaching $282.92. 162,221 shares of the stock were exchanged, compared to its average volume of 280,227. NICE has a twelve month low of $211.25 and a twelve month high of $319.88. The company has a market capitalization of $17.84 billion, a P/E ratio of 94.94, a price-to-earnings-growth ratio of 5.58 and a beta of 0.75. The stock has a 50 day simple moving average of $283.16 and a 200-day simple moving average of $265.49. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.16.

NICE (NASDAQ:NICE) last released its earnings results on Thursday, November 11th. The technology company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.39. NICE had a return on equity of 12.15% and a net margin of 10.84%. During the same quarter in the prior year, the firm earned $1.15 EPS. Equities analysts predict that NICE will post 4.95 EPS for the current year.

An institutional investor recently raised its position in NICE stock. Bank of New York Mellon Corp grew its position in NICE Ltd. (NASDAQ:NICE) by 63.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,794 shares of the technology company’s stock after acquiring an additional 4,591 shares during the period. Bank of New York Mellon Corp’s holdings in NICE were worth $3,350,000 at the end of the most recent reporting period. 62.85% of the stock is owned by institutional investors.

NICE Company Profile

NICE Ltd. engages in the provision of enterprise software solutions and services. It operates through the following segments: Customer Interactions Solutions, Security Solutions, and Financial Crime and Compliance Solutions. The Customer Interactions Solutions segment provides suites such as compliance and risk, workforce optimization, operational efficiency, customer experience, and sales and retention.

Further Reading: Balance Sheet

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