NICE (NASDAQ:NICE) Price Target Cut to $228.00 by Analysts at Citigroup

NICE (NASDAQ:NICE) had its price target decreased by Citigroup from $279.00 to $228.00 in a report issued on Monday,Benzinga reports. Citigroup currently has a buy rating on the technology company’s stock.

Several other analysts also recently weighed in on NICE. DA Davidson reduced their price target on NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Oppenheimer lowered NICE from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. StockNews.com lowered shares of NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th. Piper Sandler reissued a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. Finally, Cantor Fitzgerald decreased their target price on shares of NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a research note on Friday. Four investment 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 has a consensus rating of “Moderate Buy” and an average target price of $231.64.

NICE Trading Up 3.6 %

NICE stock opened at $160.99 on Monday. NICE has a 12-month low of $147.38 and a 12-month high of $270.73. The stock has a 50-day moving average price of $169.57 and a two-hundred day moving average price of $172.93. The company has a market cap of $10.12 billion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NICE. Avion Wealth bought a new position in shares of NICE in the fourth quarter valued at $25,000. Tradewinds Capital Management LLC purchased a new stake in NICE in the 4th quarter worth about $25,000. Anchor Investment Management LLC lifted its stake in shares of NICE by 200.0% during the 4th quarter. Anchor Investment Management LLC now owns 150 shares of the technology company’s stock valued at $25,000 after buying an additional 100 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of 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 acquiring an additional 100 shares during the period. Finally, McIlrath & Eck LLC grew its holdings in NICE by 56.9% during the 4th quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock valued at $27,000 after buying an additional 58 shares in the last quarter. Institutional investors and hedge funds 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.