Brokerages Set NiCE (NASDAQ:NICE) PT at $164.38

NiCE (NASDAQ:NICE) has been given an average recommendation of “Moderate Buy” by the fourteen ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $164.3846.

NICE has been the subject of a number of analyst reports. Royal Bank Of Canada lowered their target price on NiCE from $190.00 to $175.00 and set an “outperform” rating for the company in a report on Tuesday, November 18th. Rosenblatt Securities reduced their price target on NiCE from $190.00 to $175.00 and set a “buy” rating for the company in a research report on Tuesday, November 18th. Morgan Stanley dropped their price objective on NiCE from $193.00 to $160.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 18th. Wall Street Zen upgraded NiCE from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Citizens Jmp reduced their target price on shares of NiCE from $300.00 to $200.00 and set a “market outperform” rating for the company in a report on Friday, November 14th.

NiCE Stock Performance

Shares of NICE opened at $109.24 on Wednesday. The company has a 50 day moving average price of $121.89 and a 200-day moving average price of $143.01. NiCE has a fifty-two week low of $99.00 and a fifty-two week high of $193.42. The stock has a market capitalization of $6.91 billion, a PE ratio of 12.41, a PEG ratio of 1.49 and a beta of 1.01.

Institutional Investors Weigh In On NiCE

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of NiCE by 3.7% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,831,690 shares of the technology company’s stock worth $309,389,000 after buying an additional 65,420 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of NiCE by 40.9% in the 1st quarter. Neuberger Berman Group LLC now owns 639,685 shares of the technology company’s stock valued at $98,620,000 after acquiring an additional 185,716 shares during the period. Perpetual Ltd raised its stake in NiCE by 3.5% in the 2nd quarter. Perpetual Ltd now owns 258,683 shares of the technology company’s stock worth $43,694,000 after acquiring an additional 8,783 shares during the last quarter. Swedbank AB lifted its position in NiCE by 12.6% during the 2nd quarter. Swedbank AB now owns 375,700 shares of the technology company’s stock worth $63,459,000 after acquiring an additional 42,000 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in NiCE by 63.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,073 shares of the technology company’s stock worth $936,000 after acquiring an additional 2,365 shares during the period. 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 enables 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.