NICE (NASDAQ:NICE) Price Target Lowered to $226.00 at Barclays

NICE (NASDAQ:NICE - Free Report) had its target price trimmed by Barclays from $286.00 to $226.00 in a research report released on Friday morning,Benzinga reports. The firm currently has an overweight rating on the technology company's stock.

A number of other research analysts have also weighed in on NICE. StockNews.com lowered shares of NICE from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 17th. Jefferies Financial Group restated a "hold" rating and issued a $200.00 target price (down previously from $215.00) on shares of NICE in a report on Thursday, December 19th. Royal Bank of Canada reiterated an "outperform" rating and set a $260.00 price target on shares of NICE in a research note on Friday, November 15th. Oppenheimer downgraded NICE from an "outperform" rating to a "market perform" rating in a research note on Friday, November 15th. Finally, DA Davidson dropped their target price on NICE from $300.00 to $225.00 and set a "buy" rating on the stock in a report on Friday, November 15th. Four 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, the company has an average rating of "Moderate Buy" and a consensus target price of $231.64.

NICE Price Performance

Shares of NICE traded down $9.43 during trading hours on Friday, hitting $151.56. The stock had a trading volume of 1,326,002 shares, compared to its average volume of 634,649. NICE has a 1-year low of $147.38 and a 1-year high of $270.73. The firm has a market capitalization of $9.53 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06. The firm has a 50 day simple moving average of $169.57 and a 200-day simple moving average of $172.93.

NICE (NASDAQ:NICE - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 EPS for the quarter, missing analysts' consensus estimates of $2.96 by ($0.71). NICE had a net margin of 16.18% and a return on equity of 16.17%. The firm had revenue of $721.60 million during the quarter, compared to analyst estimates of $718.47 million. Equities analysts predict that NICE will post 9.85 EPS for the current fiscal year.

Institutional Investors Weigh In On NICE

Several institutional investors have recently made changes to their positions in NICE. McIlrath & Eck LLC raised its stake in shares of NICE by 56.9% during the 4th quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock valued at $27,000 after purchasing an additional 58 shares during the period. Financial Perspectives Inc increased its position in shares of NICE by 11.6% during the fourth quarter. Financial Perspectives Inc now owns 635 shares of the technology company's stock valued at $108,000 after buying an additional 66 shares during the period. Richardson Financial Services Inc. boosted its position in shares of NICE by 43.8% in the fourth quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company's stock valued at $38,000 after acquiring an additional 67 shares during the period. Dorsey & Whitney Trust CO LLC grew its stake in NICE by 5.7% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,428 shares of the technology company's stock valued at $243,000 after acquiring an additional 77 shares in the last quarter. Finally, Berry Wealth Group LP grew its stake in NICE by 5.2% during the fourth quarter. Berry Wealth Group LP now owns 1,616 shares of the technology company's stock valued at $274,000 after acquiring an additional 80 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.