NICE (NASDAQ:NICE) Stock Rating Lowered by StockNews.com

NICE (NASDAQ:NICE) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

NICE has been the subject of several other research reports. 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. Citigroup lifted their price objective on NICE from $330.00 to $334.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Oppenheimer lowered shares of NICE from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Jefferies Financial Group reissued a “hold” rating and set a $200.00 price target (down from $215.00) on shares of NICE in a report on Thursday, December 19th. Finally, Piper Sandler reaffirmed a “neutral” rating on shares of NICE in a report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $259.50.

NICE Stock Down 1.3 %

NASDAQ:NICE opened at $173.67 on Tuesday. The firm has a market capitalization of $10.92 billion, a PE ratio of 26.88, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05. NICE has a 12-month low of $151.52 and a 12-month high of $270.73. The firm has a 50-day moving average price of $180.80 and a 200 day moving average price of $174.19.

Institutional Trading of NICE

A number of large investors have recently bought and sold shares of the business. Vulcan Value Partners LLC boosted its position in NICE by 49.7% during the 2nd quarter. Vulcan Value Partners LLC now owns 1,188,371 shares of the technology company’s stock worth $204,168,000 after acquiring an additional 394,715 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in NICE by 21.6% during 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 purchasing an additional 279,375 shares during the last quarter. Acadian Asset Management LLC grew its position in NICE by 63.2% in the second quarter. Acadian Asset Management LLC now owns 694,050 shares of the technology company’s stock valued at $119,317,000 after purchasing an additional 268,677 shares in the last quarter. Marshall Wace LLP acquired a new stake in NICE in the 2nd quarter valued at $44,076,000. Finally, Black Creek Investment Management Inc. lifted its position in NICE by 22.6% during the 2nd quarter. Black Creek Investment Management Inc. now owns 1,356,775 shares of the technology company’s stock worth $233,325,000 after buying an additional 250,334 shares in the last quarter. 63.34% of the stock is owned by 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.