NICE (NASDAQ:NICE) Price Target Lowered to $279.00 at Citigroup

NICE (NASDAQ:NICE - Free Report) had its price objective cut by Citigroup from $315.00 to $279.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the technology company's stock.

A number of other research firms have also issued reports on NICE. Royal Bank of Canada reaffirmed an "outperform" rating and set a $260.00 target price on shares of NICE in a report on Friday, November 15th. StockNews.com cut shares of NICE from a "strong-buy" rating to a "buy" rating in a research note on Monday. Northland Securities decreased their target price on shares of NICE from $275.00 to $250.00 and set an "outperform" rating on the stock in a research note on Friday, November 15th. Oppenheimer lowered NICE from an "outperform" rating to a "market perform" rating in a research report on Friday, November 15th. Finally, Cantor Fitzgerald initiated coverage on NICE in a report on Friday, January 17th. They issued a "neutral" rating and a $176.00 price target for the company. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $239.60.

NICE Price Performance

NICE stock traded up $1.80 during midday trading on Tuesday, reaching $155.39. The company had a trading volume of 1,391,999 shares, compared to its average volume of 598,518. NICE has a 12-month low of $147.38 and a 12-month high of $270.73. The company has a market capitalization of $9.77 billion, a P/E ratio of 24.05, a P/E/G ratio of 1.25 and a beta of 1.06. The firm's fifty day simple moving average is $170.08 and its 200-day simple moving average is $172.91.

NICE (NASDAQ:NICE - Get Free Report) last released its earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share for the quarter, missing the consensus estimate of $2.96 by ($0.71). NICE had a net margin of 16.11% and a return on equity of 15.31%. The firm had revenue of $721.60 million during the quarter, compared to analysts' expectations of $718.47 million. On average, analysts expect that NICE will post 8.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Formidable Asset Management LLC acquired a new position in shares of NICE in the 4th quarter worth approximately $682,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in NICE in the fourth quarter valued at approximately $313,808,000. Vise Technologies Inc. acquired a new position in NICE during the fourth quarter worth $229,000. McIlrath & Eck LLC lifted its stake in NICE by 56.9% during the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock worth $27,000 after purchasing an additional 58 shares in the last quarter. Finally, Woodline Partners LP purchased a new position in shares of NICE during the fourth quarter worth $2,881,000. Institutional investors and hedge funds own 63.34% of the company's stock.

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.