NICE (NASDAQ:NICE) Upgraded by StockNews.com to Strong-Buy

StockNews.com upgraded shares of NICE (NASDAQ:NICEFree Report) from a buy rating to a strong-buy rating in a report published on Thursday.

A number of other equities analysts have also weighed in on NICE. Citigroup boosted their price objective on NICE from $283.00 to $334.00 and gave the stock a buy rating in a research note on Wednesday, February 21st. Barclays raised their price objective on shares of NICE from $283.00 to $320.00 and gave the stock an overweight rating in a research report on Friday, February 23rd. Bank of America decreased their target price on shares of NICE from $300.00 to $270.00 and set a buy rating on the stock in a report on Friday, May 17th. Wedbush raised their price target on shares of NICE from $230.00 to $270.00 and gave the stock an outperform rating in a report on Friday, February 23rd. Finally, Oppenheimer lifted their price target on shares of NICE from $225.00 to $300.00 and gave the company an outperform rating in a research report on Friday, February 23rd. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Buy and a consensus target price of $285.92.

Check Out Our Latest Stock Analysis on NICE

NICE Trading Up 4.4 %

NICE opened at $168.82 on Thursday. The firm has a market capitalization of $10.61 billion, a price-to-earnings ratio of 30.47, a price-to-earnings-growth ratio of 1.31 and a beta of 1.03. The company’s 50 day simple moving average is $219.68 and its two-hundred day simple moving average is $217.71. NICE has a 1-year low of $149.54 and a 1-year high of $270.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.43 and a quick ratio of 2.43.

Hedge Funds Weigh In On NICE

Hedge funds and other institutional investors have recently bought and sold shares of the company. Oppenheimer & Co. Inc. lifted its position in shares of NICE by 15.7% during the third quarter. Oppenheimer & Co. Inc. now owns 1,814 shares of the technology company’s stock worth $308,000 after purchasing an additional 246 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of NICE by 6.8% in the third quarter. Van ECK Associates Corp now owns 17,610 shares of the technology company’s stock worth $2,994,000 after acquiring an additional 1,120 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of NICE by 13.1% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 2,025 shares of the technology company’s stock worth $344,000 after acquiring an additional 234 shares in the last quarter. Artisan Partners Limited Partnership increased its position in shares of NICE by 1.2% during the third quarter. Artisan Partners Limited Partnership now owns 1,436,177 shares of the technology company’s stock worth $244,150,000 after acquiring an additional 16,513 shares during the period. Finally, William Blair Investment Management LLC raised its stake in shares of NICE by 0.6% in the third quarter. William Blair Investment Management LLC now owns 1,017,406 shares of the technology company’s stock valued at $172,929,000 after acquiring an additional 5,803 shares in the last quarter. 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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Analyst Recommendations for NICE (NASDAQ:NICE)

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