NICE (NASDAQ:NICE) Research Coverage Started at Cantor Fitzgerald

Cantor Fitzgerald began coverage on shares of NICE (NASDAQ:NICE) in a report issued on Friday morning, Marketbeat.com reports. The firm issued a neutral rating and a $176.00 price objective on the technology company’s stock.

Several other analysts also recently weighed in on the company. Northland Securities dropped their price target on NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, November 15th. StockNews.com cut shares of NICE from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 13th. DA Davidson lowered their price target on shares of NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Citigroup lifted their target price on shares of NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Oppenheimer cut shares of NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $253.93.

NICE Trading Down 1.1 %

Shares of NICE stock opened at $162.40 on Friday. The stock has a market capitalization of $10.21 billion, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 1.13 and a beta of 1.06. NICE has a 12-month low of $151.52 and a 12-month high of $270.73. The stock’s 50-day moving average price is $177.51 and its 200-day moving average price is $174.32.

Institutional Investors Weigh In On NICE

Several institutional investors and hedge funds have recently added to or reduced their stakes in NICE. Rhumbline Advisers grew its stake in NICE by 8.7% during the second quarter. Rhumbline Advisers now owns 3,358 shares of the technology company’s stock worth $577,000 after buying an additional 269 shares in the last quarter. Choreo LLC bought a new position in NICE in the second quarter valued at about $211,000. American Century Companies Inc. raised its stake in shares of NICE by 6.8% during the second quarter. American Century Companies Inc. now owns 4,569 shares of the technology company’s stock valued at $786,000 after acquiring an additional 289 shares during the last quarter. Federated Hermes Inc. boosted its stake in shares of NICE by 12.8% in the 2nd quarter. Federated Hermes Inc. now owns 18,663 shares of the technology company’s stock valued at $3,209,000 after purchasing an additional 2,124 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in NICE in the second quarter valued at approximately $18,529,000. 63.34% of the stock is owned by institutional investors.

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.