Barclays Cuts NICE (NASDAQ:NICE) Price Target to $226.00

NICE (NASDAQ:NICE) had its price objective decreased by Barclays from $286.00 to $226.00 in a research report released on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the technology company’s stock.

NICE has been the topic of a number of other research reports. Cantor Fitzgerald assumed coverage on NICE in a research note on Friday, January 17th. They issued a “neutral” rating and a $176.00 target price on the stock. Rosenblatt Securities decreased their price objective on shares of NICE from $225.00 to $200.00 and set a “buy” rating for the company in a report on Friday. Oppenheimer downgraded shares of NICE from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. StockNews.com downgraded shares of NICE from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 17th. Finally, Piper Sandler reissued 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 issued a buy rating to the company. Based on data from MarketBeat, NICE has an average rating of “Moderate Buy” and a consensus target price of $235.29.

NICE Stock Performance

NASDAQ NICE opened at $155.39 on Friday. The business’s 50 day moving average price is $170.08 and its 200-day moving average price is $173.01. NICE has a fifty-two week low of $147.38 and a fifty-two week high of $270.73. The company has a market cap of $9.77 billion, a P/E ratio of 22.99, a P/E/G ratio of 1.07 and a beta of 1.06.

NICE (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 earnings per share for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71). The firm had revenue of $721.60 million for the quarter, compared to the consensus estimate of $718.47 million. NICE had a net margin of 16.18% and a return on equity of 16.17%. As a group, equities analysts predict that NICE will post 9.85 EPS for the current year.

Institutional Investors Weigh In On NICE

A number of hedge funds have recently made changes to their positions in NICE. Bruni J V & Co. Co. bought a new position in NICE in the third quarter worth about $22,849,000. Asset Management One Co. Ltd. raised its stake in shares of NICE by 13.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 47,214 shares of the technology company’s stock worth $8,200,000 after acquiring an additional 5,629 shares in the last quarter. Clear Creek Financial Management LLC lifted its position in NICE by 106.5% during the fourth quarter. Clear Creek Financial Management LLC now owns 4,303 shares of the technology company’s stock valued at $731,000 after acquiring an additional 2,219 shares during the last quarter. Kopion Asset Management LLC acquired a new stake in NICE in the fourth quarter valued at approximately $7,433,000. Finally, Parnassus Investments LLC grew its holdings in NICE by 1.5% in the third quarter. Parnassus Investments LLC now owns 517,039 shares of the technology company’s stock worth $89,794,000 after purchasing an additional 7,635 shares during the last quarter. 63.34% of the stock is currently 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.