NICE Ltd. (NASDAQ:NICE) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of NICE Ltd. (NASDAQ:NICE - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the fifteen analysts that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $259.50.

A number of analysts have recently issued reports on NICE shares. StockNews.com downgraded shares of NICE from a "strong-buy" rating to a "buy" rating in a report on Tuesday. DA Davidson lowered their price target on shares of NICE from $300.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, November 15th. Royal Bank of Canada restated an "outperform" rating and set a $260.00 price objective on shares of NICE in a research note on Friday, November 15th. Piper Sandler restated a "neutral" rating on shares of NICE in a report on Thursday, November 14th. Finally, Citigroup upped their target price on NICE from $330.00 to $334.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th.

NICE Stock Performance

NICE stock traded up $1.75 during midday trading on Wednesday, reaching $175.42. The stock had a trading volume of 179,386 shares, compared to its average volume of 511,594. The stock has a market capitalization of $11.03 billion, a P/E ratio of 27.15, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05. The firm's fifty day simple moving average is $180.71 and its 200-day simple moving average is $174.28. NICE has a 1-year low of $151.52 and a 1-year high of $270.73.

Hedge Funds Weigh In On NICE

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NICE. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of NICE by 21.6% during the 3rd 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. Black Creek Investment Management Inc. lifted its position in NICE by 22.6% during the second quarter. Black Creek Investment Management Inc. now owns 1,356,775 shares of the technology company's stock worth $233,325,000 after acquiring an additional 250,334 shares during the last quarter. Vulcan Value Partners LLC boosted its holdings in shares of 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 acquiring an additional 394,715 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of NICE by 12.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,056,537 shares of the technology company's stock valued at $181,693,000 after purchasing an additional 117,749 shares during the last quarter. Finally, RGM Capital LLC grew its position in shares of NICE by 12.5% in the second quarter. RGM Capital LLC now owns 1,051,105 shares of the technology company's stock valued at $180,759,000 after purchasing an additional 116,629 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.