NICE Ltd. (NASDAQ:NICE) Receives Average Rating of "Moderate Buy" from Brokerages

NICE Ltd. (NASDAQ:NICE - Get Free Report) has been given an average rating of "Moderate Buy" by the fifteen research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $260.57.

Several research analysts have weighed in on NICE shares. DA Davidson lowered their price target on NICE from $300.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, November 15th. Wedbush reissued an "outperform" rating and issued a $250.00 price target on shares of NICE in a report on Friday, August 16th. JMP Securities restated a "market outperform" rating and set a $300.00 price objective on shares of NICE in a report on Friday, August 16th. Royal Bank of Canada reiterated an "outperform" rating and set a $260.00 target price on shares of NICE in a research note on Friday, November 15th. Finally, Northland Securities dropped 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.

Institutional Trading of NICE

Institutional investors and hedge funds have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC acquired a new position in shares of NICE during the first quarter worth $219,000. B. Riley Wealth Advisors Inc. boosted its stake in shares of NICE by 4.8% during the first quarter. B. Riley Wealth Advisors Inc. now owns 1,408 shares of the technology company's stock valued at $367,000 after purchasing an additional 65 shares in the last quarter. Swedbank AB bought a new stake in shares of NICE during the first quarter worth about $12,171,000. Cetera Advisors LLC acquired a new position in shares of NICE in the first quarter valued at approximately $238,000. Finally, Davis Capital Management raised its holdings in NICE by 9.6% in the 2nd quarter. Davis Capital Management now owns 4,536 shares of the technology company's stock valued at $765,000 after buying an additional 399 shares during the last quarter. Institutional investors own 63.34% of the company's stock.

NICE Stock Up 1.4 %

NICE stock traded up $2.60 during mid-day trading on Friday, hitting $182.44. 150,830 shares of the company were exchanged, compared to its average volume of 521,992. NICE has a 1-year low of $151.52 and a 1-year high of $270.73. The company has a market capitalization of $11.47 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 1.41 and a beta of 1.04. The business has a fifty day moving average of $175.76 and a 200 day moving average of $175.19.

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.