NICE (NASDAQ:NICE) Downgraded by StockNews.com to "Buy"

StockNews.com lowered shares of NICE (NASDAQ:NICE - Free Report) from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday.

Other analysts have also issued reports about the stock. Oppenheimer lowered shares of NICE from an "outperform" rating to a "market perform" rating in a report on Friday, November 15th. Northland Securities lowered their target price on NICE from $275.00 to $250.00 and set an "outperform" rating for the company in a research note on Friday, November 15th. DA Davidson reduced their price target on NICE from $300.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, November 15th. Piper Sandler reissued a "neutral" rating on shares of NICE in a research report on Thursday, November 14th. Finally, Jefferies Financial Group restated a "hold" rating and set a $200.00 target price (down previously from $215.00) on shares of NICE in a report on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $259.50.

NICE Price Performance

NASDAQ:NICE traded up $1.75 during trading hours on Tuesday, hitting $175.42. The company had a trading volume of 179,386 shares, compared to its average volume of 511,594. The stock has a 50-day moving average price of $180.81 and a 200 day moving average price of $174.23. The company has a market capitalization of $11.03 billion, a PE ratio of 27.15, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05. NICE has a 52 week low of $151.52 and a 52 week high of $270.73.

Hedge Funds Weigh In On NICE

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. raised its stake in shares of NICE by 11.2% in the third quarter. B. Riley Wealth Advisors Inc. now owns 1,900 shares of the technology company's stock worth $327,000 after purchasing an additional 192 shares during the last quarter. Synovus Financial Corp raised its position in NICE by 10.1% in the 3rd quarter. Synovus Financial Corp now owns 2,853 shares of the technology company's stock worth $495,000 after buying an additional 262 shares during the last quarter. Destination Wealth Management bought a new position in NICE during the 3rd quarter valued at about $309,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of NICE during the 3rd quarter valued at about $41,000. Finally, World Investment Advisors LLC purchased a new position in shares of NICE during the third quarter valued at approximately $24,547,000. 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.