NICE (NASDAQ:NICE) Earns "Hold" Rating from Jefferies Financial Group

NICE (NASDAQ:NICE - Get Free Report)'s stock had its "hold" rating reiterated by investment analysts at Jefferies Financial Group in a research report issued on Thursday, MarketBeat Ratings reports. They currently have a $200.00 price target on the technology company's stock, down from their prior price target of $215.00. Jefferies Financial Group's target price suggests a potential upside of 13.92% from the stock's previous close.

Several other research firms also recently weighed in on NICE. Northland Securities dropped their price target on NICE from $275.00 to $250.00 and set an "outperform" rating for the company in a research report on Friday, November 15th. Citigroup lifted their price objective on NICE from $330.00 to $334.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Piper Sandler reissued a "neutral" rating on shares of NICE in a research note on Thursday, November 14th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $260.00 price target on shares of NICE in a research note on Friday, November 15th. Finally, Oppenheimer lowered shares of NICE from an "outperform" rating to a "market perform" rating in a research report on Friday, November 15th. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $259.50.

NICE Price Performance

Shares of NASDAQ NICE traded down $6.19 on Thursday, hitting $175.56. The company's stock had a trading volume of 533,380 shares, compared to its average volume of 514,239. The stock has a 50 day moving average of $180.70 and a 200-day moving average of $174.10. NICE has a 12-month low of $151.52 and a 12-month high of $270.73. The company has a market capitalization of $11.04 billion, a price-to-earnings ratio of 27.18, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05.

Hedge Funds Weigh In On NICE

Several hedge funds and other institutional investors have recently modified their holdings of the company. Creative Financial Designs Inc. ADV increased its position in NICE by 208.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company's stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of NICE by 135.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company's stock valued at $32,000 after acquiring an additional 107 shares during the period. ORG Wealth Partners LLC acquired a new position in shares of NICE during the 3rd quarter valued at $38,000. Wilmington Savings Fund Society FSB purchased a new stake in NICE during the 3rd quarter worth $41,000. Finally, GAMMA Investing LLC increased its holdings in NICE by 89.9% in the 3rd quarter. GAMMA Investing LLC now owns 245 shares of the technology company's stock valued at $43,000 after purchasing an additional 116 shares in the last quarter. 63.34% of the stock is owned by institutional investors and hedge funds.

About NICE

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.