NICE Ltd. (NASDAQ:NICE) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of NICE Ltd. (NASDAQ:NICE) have been given an average rating of “Moderate Buy” by the sixteen research firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $253.93.

Several research analysts recently commented on NICE shares. Oppenheimer downgraded shares of NICE from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Royal Bank of Canada restated an “outperform” rating and issued a $260.00 price objective on shares of NICE in a research report on Friday, November 15th. Citigroup increased their target price on shares of NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. DA Davidson reduced their price target on NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Finally, 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.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NICE. Financial Perspectives Inc grew its holdings in NICE by 11.6% in the fourth quarter. Financial Perspectives Inc now owns 635 shares of the technology company’s stock worth $108,000 after purchasing an additional 66 shares during the period. Richardson Financial Services Inc. boosted its position in shares of NICE by 43.8% in the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock worth $38,000 after purchasing an additional 67 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in shares of NICE by 5.7% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,428 shares of the technology company’s stock worth $243,000 after buying an additional 77 shares during the last quarter. Berry Wealth Group LP increased its position in NICE by 5.2% during the 4th quarter. Berry Wealth Group LP now owns 1,616 shares of the technology company’s stock valued at $274,000 after buying an additional 80 shares in the last quarter. Finally, Rothschild Investment LLC boosted its holdings in NICE by 18.5% in the fourth quarter. Rothschild Investment LLC now owns 512 shares of the technology company’s stock worth $87,000 after acquiring an additional 80 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors.

NICE Trading Down 1.0 %

NASDAQ NICE opened at $176.49 on Thursday. The firm has a market cap of $11.10 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 1.22 and a beta of 1.06. NICE has a 1-year low of $151.52 and a 1-year high of $270.73. The stock has a 50-day moving average of $171.67 and a 200-day moving average of $173.07.

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.