NICE Ltd. (NASDAQ:NICE) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of NICE Ltd. (NASDAQ:NICE) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $253.93.

A number of research analysts recently weighed in on the stock. Cantor Fitzgerald assumed coverage on shares of NICE in a research note on Friday. They set a “neutral” rating and a $176.00 target price on the stock. Northland Securities lowered their price objective on NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, November 15th. Citigroup increased their target price on NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. DA Davidson lowered their price target on NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $200.00 price objective (down from $215.00) on shares of NICE in a report on Thursday, December 19th.

Institutional Investors Weigh In On NICE

A number of institutional investors and hedge funds have recently modified their holdings of the business. Veracity Capital LLC grew its stake in NICE by 126.0% in the 4th quarter. Veracity Capital LLC now owns 5,429 shares of the technology company’s stock worth $922,000 after acquiring an additional 3,027 shares in the last quarter. Inspire Investing LLC boosted its holdings in shares of NICE by 11.6% in the fourth quarter. Inspire Investing LLC now owns 5,494 shares of the technology company’s stock valued at $933,000 after purchasing an additional 573 shares during the period. Janney Montgomery Scott LLC grew its stake in NICE by 171.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 4,816 shares of the technology company’s stock worth $818,000 after purchasing an additional 3,039 shares in the last quarter. Davis Capital Management increased its holdings in NICE by 2.2% during the 4th quarter. Davis Capital Management now owns 4,968 shares of the technology company’s stock worth $844,000 after purchasing an additional 108 shares during the period. Finally, Barlow Wealth Partners Inc. bought a new stake in NICE during the 4th quarter valued at $15,452,000. 63.34% of the stock is owned by institutional investors.

NICE Trading Down 1.1 %

Shares of NASDAQ:NICE opened at $162.40 on Friday. NICE has a 12-month low of $151.52 and a 12-month high of $270.73. The company has a market cap of $10.21 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 1.13 and a beta of 1.06. The stock has a 50 day moving average of $177.51 and a 200 day moving average of $174.29.

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.