NICE (NASDAQ:NICE) Upgraded at StockNews.com

StockNews.com upgraded shares of NICE (NASDAQ:NICE) from a buy rating to a strong-buy rating in a research report sent to investors on Tuesday morning.

Other equities analysts also recently issued reports about the company. Northland Securities lowered their price target on NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, November 15th. Citigroup increased their price objective on NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Royal Bank of Canada reiterated an “outperform” rating and set a $260.00 price target on shares of NICE in a research note on Friday, November 15th. Jefferies Financial Group reiterated a “hold” rating and issued a $200.00 price objective (down previously from $215.00) on shares of NICE in a research report on Thursday, December 19th. Finally, Oppenheimer downgraded shares of NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $253.93.

NICE Stock Performance

Shares of NICE opened at $161.04 on Tuesday. NICE has a 1 year low of $151.52 and a 1 year high of $270.73. The company’s 50-day simple moving average is $175.26 and its 200-day simple moving average is $174.08. The stock has a market capitalization of $10.12 billion, a PE ratio of 24.93, a P/E/G ratio of 1.16 and a beta of 1.06.

Hedge Funds Weigh In On NICE

Hedge funds have recently made changes to their positions in the business. BTC Capital Management Inc. boosted its holdings in shares of NICE by 2.7% in the 4th quarter. BTC Capital Management Inc. now owns 4,376 shares of the technology company’s stock valued at $743,000 after buying an additional 116 shares during the last quarter. Mediolanum International Funds Ltd raised its position in NICE by 340.5% during the fourth quarter. Mediolanum International Funds Ltd now owns 19,933 shares of the technology company’s stock worth $3,391,000 after acquiring an additional 15,408 shares in the last quarter. R Squared Ltd acquired a new stake in NICE in the fourth quarter valued at $51,000. Mount Yale Investment Advisors LLC grew its position in shares of NICE by 17.1% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,918 shares of the technology company’s stock valued at $326,000 after acquiring an additional 280 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of NICE by 91.7% during the 4th quarter. Blue Trust Inc. now owns 1,948 shares of the technology company’s stock worth $338,000 after purchasing an additional 932 shares during the last quarter. 63.34% of the stock is owned by 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.