Shares of NICE Ltd. (NASDAQ:NICE – Get Rating) have been given an average rating of “Moderate Buy” by the ten research firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $255.50.
Several brokerages have recently weighed in on NICE. Morgan Stanley decreased their price objective on NICE from $260.00 to $235.00 and set an “equal weight” rating on the stock in a report on Thursday, July 14th. Royal Bank of Canada lifted their price objective on NICE from $240.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, August 19th. Wedbush boosted their price target on NICE from $220.00 to $250.00 and gave the company an “outperform” rating in a research note on Monday, August 22nd. JPMorgan Chase & Co. boosted their price target on NICE from $260.00 to $275.00 and gave the company an “overweight” rating in a research note on Friday, August 19th. Finally, StockNews.com lowered NICE from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 10th.
NICE Stock Performance
NICE opened at $192.48 on Thursday. NICE has a 12-month low of $179.13 and a 12-month high of $319.88. The firm has a market capitalization of $12.22 billion, a P/E ratio of 57.98, a price-to-earnings-growth ratio of 2.89 and a beta of 0.85. The stock’s 50 day moving average price is $212.79 and its two-hundred day moving average price is $207.81. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.16.
Hedge Funds Weigh In On NICE
Several institutional investors have recently bought and sold shares of NICE. Private Trust Co. NA bought a new stake in shares of NICE during the second quarter worth $62,000. Legal & General Group Plc raised its position in shares of NICE by 0.3% during the second quarter. Legal & General Group Plc now owns 14,955 shares of the technology company’s stock worth $2,878,000 after acquiring an additional 51 shares during the last quarter. Nomura Holdings Inc. raised its position in shares of NICE by 114.9% during the second quarter. Nomura Holdings Inc. now owns 21,696 shares of the technology company’s stock worth $4,296,000 after acquiring an additional 11,599 shares during the last quarter. Captrust Financial Advisors raised its position in shares of NICE by 18.5% during the second quarter. Captrust Financial Advisors now owns 2,258 shares of the technology company’s stock worth $435,000 after acquiring an additional 353 shares during the last quarter. Finally, Colony Group LLC raised its position in shares of NICE by 10.4% during the second quarter. Colony Group LLC now owns 6,066 shares of the technology company’s stock worth $1,167,000 after acquiring an additional 569 shares during the last quarter. Institutional investors own 64.05% 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 that supports contact centers ranging from small single sites to distributed remote agents and enterprises; Enlighten, an AI engine for CX that discovers automation opportunities for self-service; digital-entry points solutions that 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 connecting them using real time AI-based routing.
- Get a free copy of the StockNews.com research report on NICE (NICE)
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