NICE (NASDAQ:NICE) Cut to “Buy” at StockNews.com

StockNews.com cut shares of NICE (NASDAQ:NICE) from a strong-buy rating to a buy rating in a report published on Tuesday morning.

A number of other equities research analysts have also issued reports on the stock. Piper Sandler reissued a “neutral” rating on shares of NICE in a report on Thursday, November 14th. Oppenheimer cut NICE from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Jefferies Financial Group reaffirmed a “hold” rating and set a $200.00 price target (down previously from $215.00) on shares of NICE in a research report on Thursday, December 19th. Northland Securities cut their price objective on NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, November 15th. Finally, DA Davidson decreased their target price on NICE from $300.00 to $225.00 and set a “buy” rating for the company in a report on Friday, November 15th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NICE presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.50.

NICE Stock Performance

NASDAQ:NICE opened at $176.02 on Tuesday. NICE has a fifty-two week low of $151.52 and a fifty-two week high of $270.73. The business has a 50 day moving average price of $180.66 and a 200-day moving average price of $174.29. The firm has a market cap of $11.07 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05.

Institutional Investors Weigh In On NICE

Several hedge funds have recently bought and sold shares of the business. Creative Financial Designs Inc. ADV lifted its holdings in shares of NICE by 208.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in NICE by 135.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock valued at $32,000 after buying an additional 107 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in NICE in the third quarter worth $38,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of NICE in the third quarter worth $41,000. Finally, GAMMA Investing LLC increased its holdings in shares of NICE by 89.9% during the third quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock valued at $43,000 after acquiring an additional 116 shares in the last quarter. Institutional investors own 63.34% of the company’s stock.

NICE Company Profile

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform; Enlighten, an AI engine for the customer engagement market; and smart self service 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 connects them using real time AI-based routing.