NICE (NASDAQ:NICE) Price Target Cut to $250.00 by Analysts at Northland Securities

NICE (NASDAQ:NICE) had its price target decreased by Northland Securities from $275.00 to $250.00 in a report released on Friday,Benzinga reports. Northland Securities currently has an outperform rating on the technology company’s stock.

Several other brokerages have also commented on NICE. Piper Sandler reissued a “neutral” rating on shares of NICE in a report on Thursday, November 14th. Rosenblatt Securities restated a “buy” rating and set a $225.00 price target on shares of NICE in a research report on Tuesday, August 13th. Wedbush reiterated an “outperform” rating and set a $250.00 price objective on shares of NICE in a research report on Friday, August 16th. Barclays decreased their price objective on NICE from $320.00 to $286.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $300.00 target price on shares of NICE in a research note on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.57.

NICE Price Performance

NICE stock opened at $173.83 on Friday. The business has a fifty day moving average price of $173.17 and a 200-day moving average price of $177.40. The firm has a market capitalization of $10.93 billion, a P/E ratio of 26.91, a PEG ratio of 1.40 and a beta of 1.04. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.45 and a quick ratio of 2.45. NICE has a one year low of $151.52 and a one year high of $270.73.

Hedge Funds Weigh In On NICE

Hedge funds and other institutional investors have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. lifted its position in shares of NICE by 4.8% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,408 shares of the technology company’s stock worth $367,000 after purchasing an additional 65 shares during the period. Aurora Investment Counsel boosted its position in shares of NICE by 0.7% during the second quarter. Aurora Investment Counsel now owns 10,906 shares of the technology company’s stock valued at $1,876,000 after purchasing an additional 80 shares in the last quarter. Financial Perspectives Inc grew its stake in NICE by 17.8% in the second quarter. Financial Perspectives Inc now owns 569 shares of the technology company’s stock worth $98,000 after purchasing an additional 86 shares during the period. Mendota Financial Group LLC lifted its position in NICE by 11.4% during the third quarter. Mendota Financial Group LLC now owns 841 shares of the technology company’s stock valued at $146,000 after buying an additional 86 shares during the period. Finally, Legacy Advisors LLC grew its position in shares of NICE by 1.3% in the 2nd quarter. Legacy Advisors LLC now owns 6,678 shares of the technology company’s stock worth $1,148,000 after buying an additional 88 shares during the period. Institutional investors own 63.34% of the company’s stock.

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.