NICE Ltd. (NASDAQ:NICE – Get Rating) has been assigned a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $251.25.
A number of equities research analysts have recently commented on the stock. TheStreet upgraded shares of NICE from a “c+” rating to a “b-” rating in a report on Wednesday, January 18th. StockNews.com started coverage on NICE in a research note on Wednesday, October 12th. They issued a “buy” rating for the company. Citigroup increased their price objective on NICE from $254.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, November 11th. Piper Sandler raised NICE from a “neutral” rating to an “overweight” rating and set a $227.00 target price for the company in a research report on Tuesday, January 17th. Finally, Morgan Stanley raised their price target on shares of NICE from $215.00 to $225.00 and gave the company an “equal weight” rating in a report on Friday, November 11th.
NICE Stock Up 0.6 %
Shares of NASDAQ:NICE opened at $211.09 on Wednesday. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $196.80 and a two-hundred day simple moving average of $200.34. NICE has a 12-month low of $164.65 and a 12-month high of $274.01. The stock has a market capitalization of $13.40 billion, a price-to-earnings ratio of 57.21, a PEG ratio of 2.48 and a beta of 0.82.
Hedge Funds Weigh In On NICE
Institutional investors and hedge funds have recently made changes to their positions in the business. Allworth Financial LP purchased a new stake in NICE during the second quarter valued at approximately $30,000. Fieldpoint Private Securities LLC increased its stake in shares of NICE by 440.0% in the 2nd quarter. Fieldpoint Private Securities LLC now owns 162 shares of the technology company’s stock worth $31,000 after purchasing an additional 132 shares in the last quarter. Penserra Capital Management LLC bought a new position in NICE in the 3rd quarter worth $34,000. Whittier Trust Co. of Nevada Inc. increased its position in NICE by 180.9% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 250 shares of the technology company’s stock worth $47,000 after buying an additional 161 shares in the last quarter. Finally, Accurate Wealth Management LLC purchased a new position in shares of NICE during the 4th quarter valued at about $52,000. Hedge funds and other institutional investors own 63.92% of the company’s stock.
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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