NICE (NASDAQ:NICE - Free Report) had its target price reduced by Royal Bank of Canada from $260.00 to $200.00 in a report issued on Friday,Benzinga reports. They currently have an outperform rating on the technology company's stock.
A number of other analysts have also commented on the company. Piper Sandler reissued a "neutral" rating on shares of NICE in a report on Thursday, November 14th. Rosenblatt Securities reduced their price objective on NICE from $225.00 to $200.00 and set a "buy" rating for the company in a report on Friday. Barclays decreased their target price on NICE from $286.00 to $226.00 and set an "overweight" rating for the company in a research report on Friday. Northland Securities dropped their price target on shares of NICE from $275.00 to $250.00 and set an "outperform" rating on the stock in a report on Friday, November 15th. Finally, StockNews.com lowered shares of NICE from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 17th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, NICE currently has an average rating of "Moderate Buy" and a consensus price target of $231.64.
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NICE Price Performance
NICE stock traded down $9.43 during trading on Friday, hitting $151.56. 1,326,034 shares of the stock traded hands, compared to its average volume of 635,233. The stock has a market cap of $9.53 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06. NICE has a 1 year low of $147.38 and a 1 year high of $270.73. The firm's 50 day moving average is $169.57 and its two-hundred day moving average is $172.93.
NICE (NASDAQ:NICE - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The technology company reported $2.25 EPS for the quarter, missing analysts' consensus estimates of $2.96 by ($0.71). The firm had revenue of $721.60 million for the quarter, compared to analysts' expectations of $718.47 million. NICE had a net margin of 16.18% and a return on equity of 16.17%. As a group, analysts anticipate that NICE will post 9.85 EPS for the current fiscal year.
Institutional Investors Weigh In On NICE
Hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Planning lifted its position in NICE by 2.9% during the third quarter. Creative Planning now owns 7,608 shares of the technology company's stock valued at $1,321,000 after purchasing an additional 217 shares in the last quarter. Blue Trust Inc. raised its stake in shares of NICE by 19.2% in the third quarter. Blue Trust Inc. now owns 1,016 shares of the technology company's stock worth $175,000 after buying an additional 164 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of NICE by 48.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company's stock valued at $48,000 after buying an additional 91 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of NICE by 52.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,829 shares of the technology company's stock valued at $318,000 after acquiring an additional 627 shares during the period. Finally, International Assets Investment Management LLC bought a new position in shares of NICE during the 3rd quarter valued at approximately $3,348,000. 63.34% of the stock is currently owned by hedge funds and other institutional investors.
NICE Company Profile
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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.
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