NICE (NASDAQ:NICE) Price Target Lowered to $250.00 at Northland Securities

NICE (NASDAQ:NICE) had its target price reduced by Northland Securities from $275.00 to $250.00 in a report published on Friday morning,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

A number of other equities analysts also recently commented on NICE. Royal Bank of Canada reiterated an “outperform” rating and set a $260.00 price objective on shares of NICE in a research report on Thursday, October 3rd. Barclays reduced their price objective on NICE from $320.00 to $286.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Piper Sandler reiterated a “neutral” rating on shares of NICE in a research report on Thursday. Wedbush reiterated an “outperform” rating and set a $250.00 price objective on shares of NICE in a research report on Friday, August 16th. Finally, Citigroup lifted their price objective on NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $260.57.

NICE Price Performance

Shares of NASDAQ:NICE traded down $9.57 during trading on Friday, reaching $172.62. The stock had a trading volume of 1,165,943 shares, compared to its average volume of 525,258. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.45 and a current ratio of 2.45. The business has a fifty day moving average price of $172.93 and a 200-day moving average price of $178.34. The stock has a market cap of $10.85 billion, a PE ratio of 28.82, a PEG ratio of 1.61 and a beta of 1.04. NICE has a 1-year low of $151.52 and a 1-year high of $270.73.

NICE (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, August 15th. The technology company reported $2.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.06. The firm had revenue of $664.40 million for the quarter, compared to analyst estimates of $664.10 million. NICE had a return on equity of 14.68% and a net margin of 15.55%. The business’s revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.63 earnings per share. On average, equities analysts forecast that NICE will post 8.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NICE

Institutional investors and hedge funds have recently modified their holdings of the company. First Hawaiian Bank purchased a new stake in shares of NICE in the 2nd quarter valued at $516,000. Diversified Trust Co grew its stake in NICE by 237.9% during the 2nd quarter. Diversified Trust Co now owns 6,478 shares of the technology company’s stock worth $1,114,000 after purchasing an additional 4,561 shares in the last quarter. Capital World Investors acquired a new position in NICE during the 1st quarter worth $9,699,000. Asset Management One Co. Ltd. grew its stake in NICE by 13.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 47,214 shares of the technology company’s stock worth $8,200,000 after purchasing an additional 5,629 shares in the last quarter. Finally, Osborne Partners Capital Management LLC grew its stake in NICE by 6.4% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 67,821 shares of the technology company’s stock worth $11,778,000 after purchasing an additional 4,080 shares in the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

About NICE

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.