Northland Securities Has Lowered Expectations for NICE (NASDAQ:NICE) Stock Price

NICE (NASDAQ:NICE - Get Free Report) had its price objective lowered by investment analysts at Northland Securities from $275.00 to $250.00 in a report released on Friday,Benzinga reports. The firm currently has an "outperform" rating on the technology company's stock. Northland Securities' price objective indicates a potential upside of 44.73% from the stock's current price.

A number of other equities research analysts have also recently weighed in on NICE. Citigroup lifted their price target on NICE from $330.00 to $334.00 and gave the company a "buy" rating in a report on Wednesday. Rosenblatt Securities reiterated a "buy" rating and set a $225.00 price target on shares of NICE in a research report on Tuesday, August 13th. Piper Sandler reissued a "neutral" rating on shares of NICE in a report on Thursday. Barclays cut their price objective on shares of NICE from $320.00 to $286.00 and set an "overweight" rating on the stock in a research note on Thursday, July 25th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $260.00 target price on shares of NICE in a research note on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, NICE has an average rating of "Moderate Buy" and a consensus price target of $260.57.

NICE Stock Down 5.2 %

Shares of NICE traded down $9.46 during trading on Friday, reaching $172.73. The company's stock had a trading volume of 629,577 shares, compared to its average volume of 522,842. The company has a market cap of $10.86 billion, a price-to-earnings ratio of 29.03, a P/E/G ratio of 1.61 and a beta of 1.04. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average of $172.66 and a two-hundred day moving average of $178.70. NICE has a twelve month low of $151.52 and a twelve month high of $270.73.

NICE (NASDAQ:NICE - Get Free Report) last announced its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.06. NICE had a net margin of 15.55% and a return on equity of 14.68%. The company had revenue of $664.40 million during the quarter, compared to analyst estimates of $664.10 million. During the same period last year, the business earned $1.63 EPS. The firm's revenue for the quarter was up 14.3% compared to the same quarter last year. On average, sell-side analysts predict that NICE will post 8.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. increased its holdings in shares of NICE by 4.8% in the 1st 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 during the period. Aurora Investment Counsel raised its stake in NICE by 0.7% during the 2nd quarter. Aurora Investment Counsel now owns 10,906 shares of the technology company's stock valued at $1,876,000 after purchasing an additional 80 shares during the last quarter. Financial Perspectives Inc lifted its stake in shares of NICE by 17.8% in the second quarter. Financial Perspectives Inc now owns 569 shares of the technology company's stock valued at $98,000 after buying an additional 86 shares during the period. Mendota Financial Group LLC lifted its position in shares of NICE by 11.4% in the 3rd quarter. Mendota Financial Group LLC now owns 841 shares of the technology company's stock worth $146,000 after acquiring an additional 86 shares during the period. Finally, Legacy Advisors LLC grew its holdings in shares of NICE by 1.3% during the 2nd quarter. Legacy Advisors LLC now owns 6,678 shares of the technology company's stock worth $1,148,000 after purchasing an additional 88 shares in the last quarter. Hedge funds and other institutional investors 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.