NICE (NASDAQ:NICE) Downgraded by StockNews.com to “Buy”

StockNews.com cut shares of NICE (NASDAQ:NICE) from a strong-buy rating to a buy rating in a research report report published on Monday morning.

NICE has been the subject of several other research reports. DA Davidson decreased their price target on shares of NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Citigroup raised their price target 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. Royal Bank of Canada restated an “outperform” rating and set a $260.00 price target on shares of NICE in a research note on Friday, November 15th. Northland Securities decreased their price target on shares of NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, November 15th. Finally, Piper Sandler reiterated a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $253.93.

NICE Stock Down 1.0 %

NICE stock opened at $176.49 on Monday. The company’s 50 day moving average price is $171.67 and its two-hundred day moving average price is $173.07. NICE has a 52 week low of $151.52 and a 52 week high of $270.73. The stock has a market cap of $11.10 billion, a P/E ratio of 27.32, a P/E/G ratio of 1.22 and a beta of 1.06.

Institutional Trading of NICE

Hedge funds have recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV lifted its stake in NICE by 208.3% in the third 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 last quarter. Avion Wealth bought a new stake in NICE in the fourth quarter worth $25,000. Tradewinds Capital Management LLC bought a new stake in NICE in the fourth quarter worth $25,000. Anchor Investment Management LLC lifted its stake in NICE by 200.0% in the fourth quarter. Anchor Investment Management LLC now owns 150 shares of the technology company’s stock worth $25,000 after purchasing an additional 100 shares during the last quarter. Finally, Richardson Financial Services Inc. lifted its stake in NICE by 43.8% in the fourth quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock worth $38,000 after purchasing an additional 67 shares during the last quarter. 63.34% of the stock is owned by 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.