Jefferies Financial Group Cuts NiCE (NASDAQ:NICE) Price Target to $136.00

NiCE (NASDAQ:NICE) had its price objective decreased by equities researchers at Jefferies Financial Group from $152.00 to $136.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the technology company’s stock. Jefferies Financial Group’s target price suggests a potential upside of 27.62% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Wall Street Zen raised NiCE from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Citizens Jmp lowered their price target on NiCE from $300.00 to $200.00 and set a “market outperform” rating for the company in a research report on Friday. JMP Securities set a $200.00 target price on shares of NiCE in a research note on Friday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of NiCE in a research report on Thursday. Finally, Morgan Stanley set a $193.00 price objective on shares of NiCE in a research report on Tuesday, October 21st. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, NiCE presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.31.

NiCE Price Performance

NICE traded down $14.29 on Tuesday, reaching $106.57. 1,749,930 shares of the stock were exchanged, compared to its average volume of 588,934. The company’s 50-day moving average price is $136.93 and its 200 day moving average price is $150.62. The firm has a market capitalization of $6.74 billion, a PE ratio of 12.71, a PEG ratio of 1.16 and a beta of 0.98. NiCE has a fifty-two week low of $104.42 and a fifty-two week high of $193.52.

NiCE (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, November 13th. The technology company reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.17 by $0.01. The business had revenue of $732.00 million during the quarter, compared to analysts’ expectations of $728.07 million. NiCE had a return on equity of 17.43% and a net margin of 18.92%.The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.88 EPS. NiCE has set its FY 2025 guidance at 12.180-12.320 EPS. As a group, equities analysts forecast that NiCE will post 9.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NICE. Cerity Partners LLC raised its position in NiCE by 56.0% in the first quarter. Cerity Partners LLC now owns 9,986 shares of the technology company’s stock worth $1,540,000 after acquiring an additional 3,584 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of NiCE by 76.2% in the 1st quarter. IFP Advisors Inc now owns 652 shares of the technology company’s stock valued at $101,000 after purchasing an additional 282 shares in the last quarter. Wedbush Securities Inc. increased its holdings in shares of NiCE by 18.0% in the 1st quarter. Wedbush Securities Inc. now owns 1,801 shares of the technology company’s stock valued at $278,000 after purchasing an additional 275 shares in the last quarter. Guardian Wealth Management Inc. acquired a new stake in shares of NiCE in the first quarter valued at about $1,201,000. Finally, Hamilton Point Investment Advisors LLC boosted its holdings in NiCE by 96.9% during the first quarter. Hamilton Point Investment Advisors LLC now owns 59,385 shares of the technology company’s stock worth $9,155,000 after buying an additional 29,221 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

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 enables 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.