NICE Ltd. (NASDAQ:NICE) Receives Average Rating of “Moderate Buy” from Analysts

Shares of NICE Ltd. (NASDAQ:NICE) have been given a consensus recommendation of “Moderate Buy” by the sixteen analysts that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $253.93.

Several research analysts recently weighed in on the company. Piper Sandler reiterated a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. Jefferies Financial Group reiterated a “hold” rating and set a $200.00 price target (down from $215.00) on shares of NICE in a research report on Thursday, December 19th. StockNews.com upgraded NICE from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Oppenheimer cut NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Finally, Cantor Fitzgerald started coverage on NICE in a research report on Friday, January 17th. They issued a “neutral” rating and a $176.00 price objective for the company.

NICE Trading Down 2.4 %

Shares of NICE stock opened at $161.04 on Friday. The stock has a 50 day moving average of $175.26 and a 200 day moving average of $174.08. The stock has a market cap of $10.12 billion, a P/E ratio of 24.93, a P/E/G ratio of 1.16 and a beta of 1.06. NICE has a twelve month low of $151.52 and a twelve month high of $270.73.

Institutional Trading of NICE

Several large investors have recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. boosted its stake in NICE by 21.6% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company’s stock worth $273,642,000 after buying an additional 279,375 shares during the last quarter. Vulcan Value Partners LLC boosted its stake in NICE by 49.7% during the second quarter. Vulcan Value Partners LLC now owns 1,188,371 shares of the technology company’s stock worth $204,168,000 after buying an additional 394,715 shares during the last quarter. RGM Capital LLC boosted its stake in NICE by 12.5% during the second quarter. RGM Capital LLC now owns 1,051,105 shares of the technology company’s stock worth $180,759,000 after buying an additional 116,629 shares during the last quarter. CCLA Investment Management boosted its stake in NICE by 14.1% during the fourth quarter. CCLA Investment Management now owns 704,494 shares of the technology company’s stock worth $119,517,000 after buying an additional 87,003 shares during the last quarter. Finally, American Capital Management Inc. boosted its stake in NICE by 1.4% during the third quarter. American Capital Management Inc. now owns 540,311 shares of the technology company’s stock worth $93,836,000 after buying an additional 7,303 shares during the last quarter. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

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.