NICE (NASDAQ:NICE) Given New $279.00 Price Target at Citigroup

NICE (NASDAQ:NICE) had its price target lowered by Citigroup from $315.00 to $279.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

Several other analysts have also recently issued reports on NICE. Oppenheimer cut NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Piper Sandler restated a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. Cantor Fitzgerald started coverage on NICE in a research note on Friday, January 17th. They issued a “neutral” rating and a $176.00 target price for the company. StockNews.com lowered NICE from a “strong-buy” rating to a “buy” rating in a research note on Monday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $260.00 target price on shares of NICE in a research report on Friday, November 15th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, NICE currently has a consensus rating of “Moderate Buy” and a consensus price target of $250.27.

NICE Stock Down 0.0 %

Shares of NASDAQ:NICE opened at $176.46 on Tuesday. NICE has a 52-week low of $151.52 and a 52-week high of $270.73. The stock has a market cap of $11.09 billion, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 1.22 and a beta of 1.06. The business’s 50 day moving average is $171.57 and its 200 day moving average is $173.11.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in NICE in the 4th quarter worth approximately $313,808,000. Boston Partners grew its stake in shares of NICE by 10.0% in the fourth quarter. Boston Partners now owns 1,670,327 shares of the technology company’s stock worth $283,349,000 after acquiring an additional 151,528 shares in the last quarter. Menora Mivtachim Holdings LTD. grew its stake in shares of NICE by 2.3% in the fourth quarter. Menora Mivtachim Holdings LTD. now owns 1,660,037 shares of the technology company’s stock worth $281,941,000 after acquiring an additional 36,865 shares in the last quarter. HMI Capital Management L.P. grew its stake in shares of NICE by 12.8% in the fourth quarter. HMI Capital Management L.P. now owns 1,642,770 shares of the technology company’s stock worth $279,008,000 after acquiring an additional 186,600 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of NICE by 21.6% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company’s stock worth $273,642,000 after acquiring an additional 279,375 shares in the last quarter. 63.34% of the stock is owned by hedge funds and other 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.