NICE (NASDAQ:NICE) Raised to “Strong-Buy” at StockNews.com

NICE (NASDAQ:NICE) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Tuesday.

A number of other equities analysts also recently weighed in on NICE. Oppenheimer downgraded NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Citigroup lifted their target price on NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Piper Sandler restated a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. Northland Securities reduced their price objective on shares of NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, November 15th. Finally, DA Davidson dropped their price objective 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. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $253.93.

NICE Price Performance

Shares of NICE opened at $162.40 on Tuesday. 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 firm has a 50-day moving average of $176.92 and a 200-day moving average of $174.27. NICE has a one year low of $151.52 and a one year high of $270.73.

Hedge Funds Weigh In On NICE

A number of hedge funds have recently added to or reduced their stakes in the stock. Aurora Investment Counsel grew its holdings in shares of NICE by 0.7% during the 2nd quarter. Aurora Investment Counsel now owns 10,906 shares of the technology company’s stock worth $1,876,000 after purchasing an additional 80 shares in the last quarter. Mendota Financial Group LLC increased its holdings in NICE by 11.4% in the 3rd quarter. Mendota Financial Group LLC now owns 841 shares of the technology company’s stock valued at $146,000 after buying an additional 86 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of NICE by 48.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company’s stock valued at $48,000 after buying an additional 91 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in shares of NICE by 208.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock worth $26,000 after acquiring an additional 100 shares during the period. Finally, Legacy Wealth Asset Management LLC boosted its position in shares of NICE by 4.5% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 2,530 shares of the technology company’s stock worth $439,000 after acquiring an additional 108 shares in the last quarter. Institutional investors own 63.34% of the company’s stock.

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.