NICE Ltd. (NASDAQ:NICE) Given Average Recommendation of “Moderate Buy” by Brokerages

NICE Ltd. (NASDAQ:NICE) has been assigned an average recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $259.50.

A number of analysts have recently weighed in on NICE shares. Northland Securities lowered their price objective on NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, November 15th. Jefferies Financial Group restated a “hold” rating and set a $200.00 price target (down previously from $215.00) on shares of NICE in a research note on Thursday, December 19th. Oppenheimer lowered shares of NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Piper Sandler reissued a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $260.00 price target on shares of NICE in a report on Friday, November 15th.

NICE Stock Up 1.0 %

Shares of NICE opened at $175.42 on Wednesday. The company has a 50 day moving average of $180.76 and a two-hundred day moving average of $174.27. The company has a market cap of $11.03 billion, a price-to-earnings ratio of 27.15, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05. NICE has a twelve month low of $151.52 and a twelve month high of $270.73.

Hedge Funds Weigh In On NICE

Institutional investors have recently made changes to their positions in the company. Creative Financial Designs Inc. ADV raised its holdings in NICE by 208.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock worth $26,000 after purchasing an additional 100 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of NICE by 135.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock worth $32,000 after buying an additional 107 shares during the period. ORG Wealth Partners LLC purchased a new position in shares of NICE during the 3rd quarter valued at approximately $38,000. Wilmington Savings Fund Society FSB acquired a new stake in NICE in the 3rd quarter valued at $41,000. Finally, GAMMA Investing LLC increased its holdings in NICE by 89.9% in the 3rd quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock worth $43,000 after acquiring an additional 116 shares in the last quarter. 63.34% of the stock is owned by hedge funds and other institutional investors.

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 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.